Tomen Devices (2737) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 223.3% YoY to ¥785,840 million; operating profit increased 359.6% to ¥37,542 million and net profit rose 425.5% to ¥25,114 million.

• Broad-based memory sales growth, particularly in servers/storage and automotive, drove results as memory prices continued to rise.

Financial highlights

• Gross profit was ¥40,782 million versus ¥10,240 million YoY; ordinary profit rose 393.6% to ¥34,544 million.

• Basic EPS was ¥3,692.80 versus ¥702.77 in the prior-year six-month period.

• Comprehensive income increased to ¥24,872 million from ¥4,345 million YoY.

Outlook and guidance

• FY2027 forecast: net sales ¥1,400,000 million, operating profit ¥48,900 million, ordinary profit ¥40,800 million and net profit ¥30,000 million; guidance unchanged.

• Forecast EPS is ¥4,411.22; annual dividend forecast is ¥1,640 per share.

• H2 memory demand is expected to remain strong, led by generative AI-related products; memory prices are expected to rise modestly, then remain elevated.

• H2 initiatives include securing FY2027 supply, expanding automotive non-memory sales, promoting sovereign AI data center memory and energy storage batteries, and pursuing North American operations.