Techno Ryowa Ltd (1965) Q1 2027 earnings summary

Executive summary

• Revenue for Q1 FY2027 rose 9.1% year-over-year to ¥22,351 million, driven by strong progress on large carried-over projects and robust demand in industrial air conditioning.

• Operating income increased 21.1% year-over-year to ¥2,834 million, with net income attributable to shareholders up 22.2% to ¥2,071 million, reflecting improved gross margins.

• Orders surged 53.3% year-over-year to ¥51,090 million, led by major wins in semiconductor, food, and resort-related projects.

Financial highlights

• Q1 operating income: ¥2,834 million (up 21.1% YoY); ordinary income: ¥3,010 million (up 20.4% YoY); net income: ¥2,071 million (up 22.2% YoY).

• Comprehensive income for Q1: ¥3,761 million, up 75.7% year-over-year.

• EPS for Q1: ¥101.01, up from ¥80.61 in the prior year.

• Q1 segment sales: Industrial equipment construction ¥16,686 million (+27.1% YoY), general building equipment construction ¥4,783 million (−27.6% YoY).

Outlook and guidance

• FY2027 full-year revenue forecast: ¥100,000 million (+1.3% YoY); operating income: ¥16,000 million (+1.5% YoY); net income: ¥11,800 million (flat YoY).

• Full-year EPS forecast (post-split): ¥191.84; pre-split: ¥575.51.

• Orders for FY2027 projected at ¥107,000 million (+0.3% YoY).