Systena (2317) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 4.1% YoY to ¥48,913 million; operating profit decreased 0.5% to ¥7,558 million and profit attributable to owners fell 2.9% to ¥5,344 million.

• Full-year FY2027 forecasts were unchanged: net sales ¥98,000 million, operating profit ¥15,960 million and parent profit ¥10,630 million.

Financial highlights

• Gross profit increased to ¥13,065 million from ¥12,205 million; SG&A rose to ¥5,506 million from ¥4,611 million.

• Ordinary profit rose 1.7% YoY to ¥8,062 million; profit before income taxes was ¥8,062 million, while total income taxes increased to ¥2,717 million from ¥2,437 million.

• Comprehensive income was ¥5,335 million, down 1.8% YoY from ¥5,432 million.

Outlook and guidance

• FY2027 forecast: net sales ¥98,000 million (+3.8% YoY), operating profit ¥15,960 million (+3.9%) and ordinary profit ¥15,960 million (-1.1%).

• FY2027 forecast parent profit is ¥10,630 million (-6.0%) and basic EPS ¥29.74; EBITDA+S forecast is ¥17,250 million, including ¥450 million depreciation and ¥840 million share-based payment expenses.

• FY2027 forecast annual dividend is ¥18 per share; the earnings and dividend forecasts were not revised.