SRA Holdings (3817) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales fell 7.4% YoY to ¥24,740m; operating profit declined 0.8% to ¥3,820m and profit attributable to owners of parent fell 3.1% to ¥2,449m.

• Total assets reached ¥52,790m and net assets ¥35,769m at September 30, 2026, up from ¥51,920m and ¥34,031m at March 31, 2026.

Financial highlights

• Gross profit was ¥6,515m vs ¥6,568m YoY; SG&A was ¥2,694m vs ¥2,719m.

• Ordinary profit decreased 5.9% YoY to ¥3,770m; profit before income taxes was ¥3,806m and profit was ¥2,508m.

• Comprehensive income rose to ¥4,484m from ¥2,470m, including ¥1,626m from available-for-sale securities valuation differences and ¥346m from foreign currency translation.

• Operating cash flow was ¥2,367m vs ¥1,211m in the prior-year period.

Outlook and guidance

• FY2027 forecast: net sales ¥55,500m (+4.2%), operating profit ¥8,600m (+4.3%), ordinary profit ¥9,000m (-5.3%) and parent-attributable profit ¥5,500m (-1.8%).

• Forecast basic EPS is ¥439.44; earnings forecasts were not revised.

• FY2027 annual dividend forecast is ¥220 per share, comprising ¥100 interim and ¥120 year-end; dividend forecast unchanged.