Wacoal Holdings (3591) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 9.4% YoY to ¥95,746m; business profit increased 4.6% to ¥3,184m, led by overseas growth.

• Operating profit fell 83.2% to ¥3,613m and parent-attributable profit declined 67.2% to ¥4,077m, largely against prior-year property-sale gains.

Financial highlights

• Revenue was ¥95,746m (+9.4% YoY), gross profit ¥56,126m (+10.6%), and SG&A ¥52,942m (+11.0%); business profit was ¥3,184m (+4.6%).

• Operating profit was ¥3,613m (-83.2%), profit before tax ¥6,037m (-70.1%), and parent-attributable profit ¥4,077m (-67.2%).

• Prior-year results included ¥17,647m in property-sale gains; the current period included an affiliate’s ~¥1.6bn idle-asset sale gain.

• Comprehensive income was ¥7,363m versus ¥20,988m; basic EPS was ¥82.42 versus ¥243.98.

Outlook and guidance

• FY2027 forecast: revenue ¥187,600m, business profit ¥500m, operating profit ¥1,500m, profit before tax ¥4,100m, and parent-attributable profit ¥3,200m.

• Profit before tax and parent-attributable profit guidance rose by ¥1.5bn and ¥1.4bn, respectively, reflecting an equity-method affiliate’s fixed-asset sale gain.

• FY2027 dividend estimate remains ¥100 per share, comprising ¥50 interim and ¥50 year-end; basic EPS guidance is ¥64.69.

• Forecast exchange rates are ¥155/USD, ¥210/GBP and ¥22/CNY; estimates are subject to risks that may cause actual results to differ materially.