Seiren (3569) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales, operating profit, ordinary profit and net income attributable to owners reached first-half records; sales and profits grew for the sixth consecutive first half.

• Full-year guidance was raised, and the annual dividend forecast increased to ¥86 per share from ¥76.

Financial highlights

• H1 net sales were ¥99.110bn, up 22.4% YoY; operating profit was ¥12.004bn, up 17.0%, with a 12.1% margin versus 12.7%.

• Ordinary profit rose 14.0% to ¥12.439bn; net income attributable to owners increased 4.7% to ¥8.350bn.

• Gross profit was ¥26.556bn versus ¥22.852bn; comprehensive income rose to ¥13.254bn from ¥4.961bn, including a ¥3.561bn foreign currency translation adjustment.

Outlook and guidance

• FY2027 forecast raised to net sales ¥200.0bn, operating profit ¥24.0bn, ordinary profit ¥25.0bn and net income attributable to owners ¥17.5bn, from prior estimates of ¥195.3bn, ¥22.6bn, ¥23.0bn and ¥15.7bn.

• Forecast EPS is ¥300.93; guidance assumes USD/JPY 157 and CNY/JPY 23.2 and reflects estimated share repurchases through March 2027.

• Outlook anticipates plan progress led by Automotive Interior and Electronics, while trade, geopolitical, input-cost and FX uncertainty persists.