transcosmos (9715) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 5.8% YoY to ¥203,318m, while operating profit fell 16.6% to ¥6,734m and attributable profit fell 24.7% to ¥4,916m.

• FY2027 guidance remained unchanged at ¥410,000m sales, ¥16,800m operating profit and ¥13,500m attributable profit.

Financial highlights

• H1 gross profit was ¥37,626m versus ¥37,201m; operating profit was ¥6,734m versus ¥8,072m, and ordinary profit was ¥6,586m versus ¥9,307m.

• Attributable profit was ¥4,916m versus ¥6,526m; basic EPS was ¥131.19 versus ¥174.17.

• Q2 sales rose ¥4,480m YoY to a quarterly record and ¥990m QoQ; operating profit fell ¥1,040m YoY and ¥40m QoQ.

• FX added ¥3,630m to reported sales; overseas affiliate sales increased 3.4% on a local-currency basis, with minimal FX impact on consolidated operating profit.

Outlook and guidance

• FY2027 guidance: sales ¥410,000m (+4.1% YoY), operating profit ¥16,800m (+1.5%), ordinary profit ¥17,800m (-6.2%) and attributable profit ¥13,500m (+3.2%).

• H1 progress toward FY2027 guidance was 49.6% for sales, 40.1% for operating profit, 37.0% for ordinary profit and 36.4% for attributable profit.

• Forecast basic EPS was ¥360.26 and annual dividend was ¥145 per share; both forecasts were unchanged.