Taiyo Holdings (4626) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 15.7% to ¥78,480m; operating income increased 46.4% to ¥22,230m and profit attributable to owners rose 57.0% to ¥17,305m.

• FY2027 forecasts were raised after stronger-than-expected Electronics results; a ¥2,052m securities-sale gain also boosted net income.

Financial highlights

• H1 gross profit was ¥41,291m versus ¥32,580m; SG&A was ¥19,061m versus ¥17,393m.

• Ordinary income was ¥22,739m versus ¥14,562m on a reclassified comparison basis; EBITDA was ¥26,630m versus ¥19,477m.

• Operating margin was 28% versus 22%; EBITDA margin was 34% versus 29%.

• Basic EPS was ¥155.52 versus ¥99.18, calculated with the December 2025 2-for-1 stock split applied from the prior period's start.

Outlook and guidance

• FY2027 forecast: net sales ¥152,500m, operating income ¥39,600m, ordinary income ¥39,700m, attributable profit ¥29,600m and EBITDA ¥48,500m.

• Versus July 31, forecast revisions were +2% for sales, +9% for operating and ordinary income, +17% for net income and +7% for EBITDA; H2 assumes ¥150.0/US$.

• No FY2027 year-end dividend is planned; dividend forecast revisions were none.

• Forecast achievement is not assured, and actual results may differ substantially based on assumptions and other factors.