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Earnings6737EIZO CorporationElectric Appliances & Precision Instruments

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the interim period of the fiscal year ending March 2027, net sales increased 7.5% year on year and operating profit increased 175.1%, resulting in a significant improvement in performance. The full-year earnings forecast and dividend forecast are unchanged from the latest figures announced.

Worth reading
50Recurring
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
175.1
Year-on-year change in operating income (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales40,697¥ millionYear on year +7.5%Progress 47.9%
Operating profit1,815¥ millionYear on year +175.1%Progress 55.0%
Ordinary income2,451¥ millionYear on year +64.3%Progress 53.3%
Net income attributable to owners of the parent4,938¥ millionYear on year +430.7%Progress 76.0%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥126.47
Financial position at period-end
Total assets221,991¥ million
of which net assets 167,749 ¥ millionEquity ratio 75.6%vs. prior year-end -1.6pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+2,454
Investment+8,002
Financials-8,178
Net change+2,278

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥22,510 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥85,000 million (YoY +4.5%)
Operating profit¥3,300 million (YoY +39.5%)
Ordinary income¥4,600 million (YoY +21.9%)
Net income¥6,500 million (YoY -11.2%)
Annual Dividend Forecast¥110 → ¥115(+4.5%)
Factors Behind Changes in Business Performance

Increased sales in the B&P, Healthcare and V&S markets, the start of shipments of large projects for air traffic control applications in North America, expanded defense sales in Japan and North America, increased sales of high-value-added products, the foreign exchange effect of a weaker yen and stronger euro, fixed-cost reductions from the restructuring and streamlining of the European organisation, the absence of one-time costs related to the new technology building recorded in the same period of the previous year, and gains on sales of investment securities from the disposal of strategic shareholdings and other holdings

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationAdded: 0 companies; excluded: 0 companies
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of investment securities / Amount ¥4,464 million, Item Gain on revision of retirement benefit plans / Amount ¥22 million / Extraordinary loss No applicable items
Depreciation and amortization¥1,462 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End42,330,820
Treasury Shares at Period-End4,718,304
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥40,697 million (YoY +7.5%)
Operating profit¥1,815 million (YoY +175.1%)
Ordinary income¥2,451 million (YoY +64.3%)
Profit attributable to owners of the parent¥4,938 million (YoY +430.7%)
Net income per share¥126.47
Equity ratioEnd of the current fiscal period 75.6 / End of previous period 77.2
Total assets¥221,991 million
Net assets¥167,749 million
Cash flows from operating activities¥2,454 million
Cash flows from investing activities¥8,002 million
Cash flows from financing activities¥-8,178 million
Cash and cash equivalents at end of period¥22,510 million
Full-year earnings forecastNet Sales ¥85,000 million (YoY +4.5%) / Operating profit ¥3,300 million (YoY +39.5%) / Ordinary income ¥4,600 million (YoY +21.9%) / Net income ¥6,500 million (YoY -11.2%)
Annual Dividend Forecast¥110 → ¥115(+4.5%)
Depreciation and amortization¥1,462 million
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of investment securities / Amount ¥4,464 million, Item Gain on revision of retirement benefit plans / Amount ¥22 million / Extraordinary loss No applicable items
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationAdded: 0 companies; excluded: 0 companies
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End42,330,820
Treasury Shares at Period-End4,718,304
Factors Behind Changes in Business PerformanceIncreased sales in the B&P, Healthcare and V&S markets, the start of shipments of large projects for air traffic control applications in North America, expanded defense sales in Japan and North America, increased sales of high-value-added products, the foreign exchange effect of a weaker yen and stronger euro, fixed-cost reductions from the restructuring and streamlining of the European organisation, the absence of one-time costs related to the new technology building recorded in the same period of the previous year, and gains on sales of investment securities from the disposal of strategic shareholdings and other holdings
Items this document does not state (10)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossMaterial subsequent events

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Sales in the B&P, Healthcare and V&S markets increased. Sales growth was supported particularly by the start of shipments of large projects for air traffic control applications in North America and expanded defense sales in Japan and North America. Factors contributing to profit included increased sales of high-value-added products, the foreign exchange effect of a weaker yen and stronger euro, fixed-cost reductions from the restructuring and streamlining of the European organisation, and the absence of one-time costs related to the new technology building recorded in the same period of the previous year. The increase in interim net income attributable to owners of the parent was also supported by gains on sales of investment securities from the disposal of strategic shareholdings and other holdings.

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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | EIZO Corporation (6737) timely disclosure | Komori