TOWA (6315) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales reached a record ¥33.72bn, up 43.8% YoY; operating profit rose 128.1% to ¥5.69bn.

• Interim orders reached a record ¥54.79bn, with a September-end backlog of ¥51.83bn.

• Full-year FY2027 guidance was raised, with record sales and profits expected.

Financial highlights

• H1 ordinary profit was ¥5.28bn and net income attributable to owners was ¥3.83bn, up 107.2% YoY; basic EPS was ¥51.08 versus ¥24.66.

• Operating-profit growth was driven by sales (+¥4.70bn) and product mix (+¥0.10bn), partly offset by development costs (-¥0.76bn) and SG&A (-¥0.85bn).

• Comprehensive income was ¥7.64bn versus ¥3.91bn YoY, including ¥3.81bn of other comprehensive income.

Outlook and guidance

• FY2027 forecast: net sales ¥71.00bn, operating profit ¥13.15bn, ordinary profit ¥12.75bn, net income attributable to owners ¥9.00bn and EPS ¥119.95.

• FY2027 annual dividend forecast is ¥30/share, all expected at year-end.

• Production plans prioritize converting backlog to sales, with flexible staffing, supplier collaboration, process standardization and gradual capacity expansion.