Globeride released its financial results summary for the second quarter (interim period) of the fiscal year ending March 2027. Revenue was ¥69.76 billion, up 6.4% year on year, while operating profit was ¥4.30 billion, down 12.1%.
Globeride's consolidated results for the second quarter of the fiscal year ending March 2027 were revenue of ¥69.76 billion (up 6.4% year on year), operating profit of ¥4.30 billion (down 12.1%), ordinary profit of ¥4.33 billion (down 15.0%) and interim net profit attributable to owners of the parent of ¥3.45 billion (down 12.0%). While increasing growth investment, including inventory build-up, the company maintained total assets at ¥124.09 billion and net assets at ¥67.78 billion, with an equity ratio of 54.4%. The interim dividend was increased to ¥50, and the full-year dividend forecast was raised to ¥100.
By region, revenue in the Asia and Oceania market rose 35.2% year on year to ¥33.68 billion, while segment profit rose 25.1% to ¥2.89 billion. Growth was driven by increased sales of Japanese-made premium products and products developed specifically for local markets, as well as the benefits of the weaker yen. In the Americas market, profitability improved on strong sales of products including the TATULA series of bass-fishing equipment. In Japan and Europe, however, results were affected by the rise in the cost ratio.
The full-year earnings forecast was left unchanged at revenue of ¥134.0 billion and operating profit of ¥7.0 billion. Operating profit had reached 61.4% of the full-year forecast at the interim point, and the company is considered likely to achieve its plan. Although risks remain from higher logistics costs and supply-chain disruptions in the second half, growth in sales of high-value-added products and the Asian market is expected to provide support.
From an investor perspective, profit growth could accelerate further as the impact of unrealized profit eliminations diminishes and demand in the Japanese and European markets potentially recovers. First-half revenue was ¥69.7 billion and operating profit was ¥4.3 billion, representing a decline in profit, but the results exceeded the downward revision announced in August.