Takeuchi Mfg (6432) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 16.0% YoY to ¥132,383M; operating profit increased 3.4% to ¥24,198M and profit attributable to owners of parent rose 6.3% to ¥18,129M.

• FY2027 full-year guidance was revised upward to net sales of ¥261,000M, operating profit of ¥44,500M and net profit of ¥31,500M.

Financial highlights

• H1 ordinary profit rose 6.0% YoY to ¥25,122M; EPS was ¥392.40 versus ¥369.13 a year earlier.

• H1 gross profit was ¥35,582M versus ¥32,382M; SG&A expenses increased to ¥11,383M from ¥8,980M.

• Comprehensive income was ¥21,454M, up from ¥11,208M, including a ¥3,285M foreign currency translation gain versus a ¥5,878M loss a year earlier.

• Parts sales rose 15.8% to ¥10,513M; FY2027 forecast is ¥20,743M, up 11.7%.

Outlook and guidance

• FY2027 forecast: net sales ¥261,000M (+15.9%), operating profit ¥44,500M (+18.1%), ordinary profit ¥44,200M (+12.8%), net profit ¥31,500M (+11.4%) and EPS ¥681.71.

• Forecast exchange rates from Q3 onward: ¥150/US dollar, ¥204/£, ¥175/€ and ¥22.30/Chinese yuan.

• Medium-term plan targets consolidated net sales of ¥300B in FY2027; measures include aftermarket sales and network expansion, production restructuring and battery-powered excavators.

• Actual results may differ from forecasts due to risks and assumptions underlying forward-looking statements.