Tsukishima Holdings (6332) Q2 2027 earnings summary

Executive summary

• H1 sales rose 2.1% to ¥57,813 million; operating profit fell 26.6% to ¥1,209 million and parent-attributable profit fell 75.4% to ¥2,893 million, reflecting higher prior-year extraordinary income and temporary integration costs.

• Strong Water Environmental awards lifted full-year orders guidance by ¥10 billion; orders and backlog reached ¥83.3 billion and ¥349.0 billion, respectively.

Financial highlights

• Orders received rose to ¥83.3 billion from ¥69.8 billion YoY; backlog increased to ¥349.0 billion from ¥331.5 billion.

• Net sales increased to ¥57.8 billion from ¥56.6 billion; operating profit fell to ¥1.2 billion from ¥1.6 billion, and EBITDA was ¥3.0 billion versus ¥3.5 billion.

• Ordinary profit declined 24.8% to ¥1,803 million; basic EPS was ¥73.10 versus ¥278.37.

• Operating cash flow was ¥11,086 million, investing cash flow ¥2,730 million and financing cash flow negative ¥4,541 million.

Outlook and guidance

• Full-year forecasts: net sales ¥152.0 billion, operating profit ¥11.0 billion, ordinary profit ¥11.7 billion and parent-attributable profit ¥8.5 billion; orders guidance rose ¥10 billion to ¥200.0 billion.

• Water Environmental forecasts: orders ¥140.0 billion, sales ¥100.0 billion and operating profit ¥7.0 billion; Industrial forecasts: orders ¥60.0 billion, sales ¥52.0 billion and operating profit ¥4.3 billion.

• Operating profit growth is expected from improved Water Environmental profitability and higher Industrial sales; parent-attributable profit is forecast lower due to the prior-year asset-sale gain.