Seino Holdings Co (9076) Q1 2027 earnings summary

Executive summary

• Achieved record-high revenue, operating profit, and net income for 1Q FY ending March 2027, with all segments posting growth year-over-year; operating revenue for Q1 FY27 rose 7.1% YoY to ¥213,765 million, operating profit up 36.4% to ¥12,553 million, and profit attributable to owners up 52.3% to ¥8,612 million.

• Comprehensive income surged 296.6% YoY to ¥26,378 million, driven by significant gains in valuation difference on available-for-sale securities.

• Transportation business saw profit increase, driven by higher cargo volume and improved freight rates; vehicle sales also posted strong profit growth due to increased new car sales and tax-driven demand.

• Upward revision of 2Q earnings forecast based on strong 1Q results, though full-year forecast remains unchanged due to uncertainties in cargo volume trends.

Financial highlights

• Operating revenue rose 7.1% YoY to ¥213.8bn; gross profit up 18.9% YoY to ¥27.9bn, with gross margin improving to 13.1%.

• Operating profit increased 36.4% YoY to ¥12.6bn, with operating margin up to 5.9%.

• Ordinary profit up 42.4% YoY to ¥14.0bn; net income attributable to owners up 52.3% YoY to ¥8.6bn, despite a ¥2.9bn extraordinary loss offset by a ¥3.1bn extraordinary gain.

• Basic earnings per share for Q1 FY27 was ¥52.98, up from ¥37.91 in the prior year.

• Consolidated revenue growth outpaced expense growth (7.1% vs. 5.7% YoY), supporting higher profitability.

Outlook and guidance

• 2Q FY2027 operating revenue forecast revised upward to ¥408.5bn (+0.7% vs. previous forecast), with operating profit forecast at ¥20.4bn (+5.2%).

• Full-year FY2027 forecast maintained: operating revenue ¥825.5bn (+1.5% YoY), operating profit ¥41.4bn (+10.1%), net income ¥27.5bn (+16.3%), EPS ¥169.08.

• Interim and year-end dividends are forecast at ¥43.00 and ¥61.00 per share, respectively, totaling ¥104.00 per share for the year.

• ROE target set at 8.0% or higher, with plans to grow operating income by 10%+ and EPS by 15–20% annually.