The Keihin Co (9312) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue fell 9.1% YoY to ¥23,099m and operating profit declined 26.8% to ¥1,354m; net income rose 39.4% to ¥1,903m, lifted by a compensation gain.

• Domestic logistics sales edged higher, while international logistics contracted sharply amid vehicle-carrier capacity constraints.

Financial highlights

• Revenue was ¥23,099m, down 9.1% YoY; operating profit ¥1,354m, down 26.8%; ordinary profit ¥1,504m, down 25.0%.

• Net income attributable to owners was ¥1,903m, up 39.4% YoY; included ¥1,884m in compensation income.

• Comprehensive income increased to ¥2,988m from ¥1,998m YoY.

Outlook and guidance

• FY2027 forecast revised: revenue ¥46,500m, down 7.6%; operating profit ¥3,000m, up 12.5%; ordinary profit ¥3,200m, down 13.6%.

• FY2027 forecast net income is ¥3,000m, up 18.2%, with EPS of ¥459.52.

• FY2027 annual dividend forecast is ¥140/share, including ¥110 ordinary and ¥30 special dividend.