Topre (5975) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 11.8% YoY to ¥198,815 million and operating profit increased 8.2% to ¥11,327 million; ordinary profit fell 1.6% to ¥10,810 million, while net profit rose 4.4% to ¥7,537 million.

• Net sales and operating profit growth reflected higher production volumes in the U.S. and Japan, while FX valuation effects weighed on ordinary profit.

Financial highlights

• H1 gross profit was ¥21,807 million, up from ¥20,167 million YoY; SG&A was ¥10,480 million versus ¥9,694 million.

• H1 comprehensive income was ¥7,912 million, down from ¥10,574 million YoY, reflecting lower other comprehensive income.

• Total assets were ¥380,290 million at September 30, 2026, down ¥9,097 million from FY2026 year-end; net assets rose ¥2,231 million to ¥249,515 million.

• Cash and cash equivalents ended H1 at ¥58,830 million, down ¥3,374 million from FY2026 year-end.

Outlook and guidance

• FY2027 guidance: net sales ¥392,000 million, operating profit ¥23,000 million, ordinary profit ¥24,000 million and net profit ¥18,000 million; net profit forecast raised 20% from prior guidance.

• Sales, operating profit and ordinary profit forecasts were unchanged; revised net profit guidance reflects an expected extraordinary gain from restructuring affiliated companies.

• FY2027 forecast EPS is ¥370.20; assumed exchange rate is ¥155 per U.S. dollar.