Teijin (3401) Q2 2027 earnings summary

Executive summary

• FY2026 1H revenue was ¥439.6 billion, down 2.5% YoY; adjusted operating income rose 136.4% to ¥30.8 billion, reaching 103% of the initial full-year outlook.

• Profit attributable to owners was ¥52.5 billion versus a ¥54.8 billion loss a year earlier, partly reflecting completion of the aramid paper business transfer.

Financial highlights

• Revenue was ¥439,562 million versus ¥451,043 million; gross profit increased to ¥120,479 million from ¥64,508 million.

• Adjusted operating income was ¥30,826 million; EBITDA rose to ¥55.9 billion from ¥44.4 billion, while depreciation and amortization declined to ¥25.1 billion from ¥31.4 billion.

• Quarterly revenue was ¥221.9 billion in 1Q and ¥217.6 billion in 2Q; adjusted operating income was ¥12.3 billion and ¥18.5 billion, respectively.

• Reported operating income was ¥70,794 million versus a ¥54,082 million loss; profit before tax was ¥69,605 million versus a ¥55,765 million loss.

• Profit for the period was ¥52,476 million versus a ¥54,731 million loss; comprehensive income was ¥59,568 million versus a ¥45,304 million loss.

Outlook and guidance

• FY2026 outlook was raised to revenue of ¥920.0 billion, adjusted operating income of ¥40.0 billion, operating income of ¥75.0 billion and profit attributable to owners of ¥50.0 billion.

• Versus the prior outlook, revenue increased ¥20.0 billion, adjusted operating income ¥10.0 billion and parent profit ¥5.0 billion; strong Electronics & Energy sales were a key driver.

• Versus FY2025, revenue is forecast up ¥46.8 billion and adjusted operating income up ¥14.2 billion; ROE is forecast at 13% and ROIC at 4%.

• FY2026 dividend forecast remains ¥50 per share, comprising interim and year-end dividends of ¥25 each.