Unitika (3103) Q1 2027 earnings summary

Executive summary

• Revenue for Q1 FY2027 was ¥24,108 million, a 22.0% decrease year-over-year due to business withdrawals.

• Operating profit rose 46.4% year-over-year to ¥4,162 million, driven by high-value product sales, price revisions, and cost reductions.

• Ordinary profit increased 135.7% year-over-year to ¥4,322 million, aided by foreign exchange gains and reduced interest expenses.

• Net income attributable to shareholders surged 211.3% year-over-year to ¥4,056 million.

Financial highlights

• Gross profit for Q1 FY2027 was ¥7,826 million, up from ¥7,673 million year-over-year.

• Comprehensive income for Q1 FY2027 was ¥3,870 million, up 185.2% year-over-year.

• EPS for Q1 FY2027 was ¥70.35, compared to ¥22.60 in the prior year.

• Total assets at quarter-end were ¥148,775 million, down ¥1,929 million from the previous fiscal year-end.

• Net assets increased by ¥3,607 million to ¥57,652 million.

Outlook and guidance

• Full-year FY2027 revenue forecast is ¥84,000 million, a 29.2% decrease year-over-year.

• Operating profit forecast is ¥8,000 million (down 24.2%), ordinary profit ¥6,500 million (down 37.5%), and net income ¥5,000 million (down 72.5%).

• No change to previously announced full-year guidance.