Nippon Seiki (7287) Q1 2027 earnings summary

Executive summary

• Revenue rose 9.2% year-over-year to ¥83,252 million, driven by strong head-up display (HUD) and motorcycle instrument sales in ASEAN, India, and Brazil, and supported by yen depreciation.

• Operating profit increased 44.0% year-over-year to ¥2,191 million, aided by revenue growth, cost management, and a shift from prior-year FX losses to gains.

• Profit attributable to owners of parent more than doubled, up 116.2% year-over-year to ¥1,517 million.

• Depreciation of the yen contributed an additional ¥5.5 billion to revenue.

Financial highlights

• Gross profit grew 13.8% year-over-year to ¥11,652 million, with gross margin improving to 14.0%.

• Basic earnings per share rose to ¥26.40 from ¥12.24 year-over-year.

• Comprehensive income improved to ¥4,319 million from a loss of ¥1,244 million in the prior year.

• Cash and cash equivalents at quarter-end were ¥52,742 million, up from ¥51,922 million at the previous fiscal year-end.

• Progress rates against full-year plan: revenue 26.0%, operating profit 15.7%, profit attributable to owners of parent 15.2%.

Outlook and guidance

• Full-year forecast unchanged: revenue ¥320,000 million, operating profit ¥14,000 million, profit attributable to owners of parent ¥10,000 million.

• Annual dividend expected to rise by ¥10 to ¥90 per share (interim ¥45, year-end ¥45).

• No revision to previously announced forecasts; uncertainties remain regarding demand trends and FX rates.

• Planned acquisition of Toyodenso Co., Ltd. as a wholly owned subsidiary is not yet reflected in the outlook.