TYK (5363) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue was ¥15.63bn, down 2.7% YoY; operating profit fell 2.3% to ¥1.86bn, while profit attributable to owners rose 5.7% to ¥1.44bn.

• Refractory demand was broadly steady, but limited domestic crude-steel production growth and higher SG&A weighed on results.

Financial highlights

• Revenue was ¥15.63bn, down 2.7% YoY; gross profit was ¥4.42bn versus ¥4.38bn, while SG&A increased to ¥2.56bn from ¥2.48bn.

• Operating profit was ¥1.86bn, down 2.3% YoY; ordinary profit was ¥2.15bn, down 6.7%.

• Profit attributable to owners was ¥1.44bn, up 5.7% YoY; basic EPS was ¥32.45 versus ¥30.71.

• Comprehensive income increased to ¥5.73bn from ¥3.29bn, supported by ¥4.33bn in other-securities valuation gains.

Outlook and guidance

• FY2027 guidance remains unchanged: revenue ¥31.77bn, operating profit ¥3.55bn, ordinary profit ¥4.17bn, net income ¥4.53bn and EPS ¥101.95.

• Guidance implies YoY revenue growth of 0.9%, operating profit decline of 2.4%, ordinary profit growth of 3.0% and net income growth of 21.2%.

• Actual results may differ materially due to various factors; forecasts are based on currently available information and reasonable assumptions.