Unitika (3103) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue fell 21.3% YoY to ¥48.905bn, reflecting prior-year business exits; operating profit rose 39.7% to ¥7.887bn and net income was ¥7.457bn versus a ¥3.487bn loss.

• Higher-value product sales, pricing revisions, cost reductions and strong electronic-material demand supported improved profitability; full-year guidance was raised.

Financial highlights

• Revenue was ¥48.905bn, down 21.3% YoY; operating profit was ¥7.887bn, up 39.7%, and ordinary profit was ¥7.622bn, up 57.9%.

• Net income attributable to parent shareholders was ¥7.457bn, versus a ¥3.487bn loss in H1 FY2026; EPS was ¥129.34 versus a loss per share of ¥60.49.

• Extraordinary restructuring costs fell to ¥1.444bn from ¥7.825bn YoY, contributing to the return to net profit.

Outlook and guidance

• FY2027 guidance was raised: revenue ¥94bn, operating profit ¥13bn, ordinary profit ¥12bn and net income ¥11bn; EPS guidance is ¥184.42.

• Revised guidance exceeds prior estimates by ¥10bn revenue, ¥5bn operating profit, ¥5.5bn ordinary profit and ¥6bn net income; increases of 11.9%, 62.5%, 84.6% and 120.0%, respectively.

• Higher-value product expansion, pricing and cost measures, portfolio reviews, and sustained electronic-material demand underpin the revision; actual results may differ due to multiple factors.