Tsukishima Holdings (6332) Q1 2027 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2026, rose 9.5% year-over-year to ¥27,182 million, with operating profit up 188.8% to ¥482 million and ordinary profit up 28.5% to ¥880 million.

• Net sales and operating profit increased year-over-year, driven by project progress in both Water Environmental and Industrial segments.

• Orders received decreased slightly overall, but the order backlog reached a record high.

• Profit attributable to owners of parent decreased 16.0% year-over-year to ¥2,069 million, while comprehensive income dropped sharply to ¥15 million from ¥2,271 million a year earlier.

• Quarterly profit attributable to owners of parent declined due to lower gains from investment securities sales compared to the previous year.

Financial highlights

• Orders received: ¥43.4 billion, down from ¥44.1 billion year-over-year.

• Net sales: ¥27.2 billion, up from ¥24.8 billion year-over-year.

• Operating profit: ¥500 million, up from ¥200 million year-over-year.

• EBITDA: ¥1.4 billion, up from ¥1.1 billion year-over-year.

• Gross profit increased to ¥5,794 million from ¥4,941 million year-over-year, while selling, general and administrative expenses rose to ¥5,311 million.

Outlook and guidance

• Orders received, net sales, and operating profit are forecast to reach record highs for FY2026.

• Full-year net sales forecast for the fiscal year ending March 31, 2027, is ¥152,000 million, up 2.0% year-over-year.

• Operating profit is projected at ¥11,000 million (up 11.8%), ordinary profit at ¥11,700 million (up 6.5%), and profit attributable to owners of parent at ¥8,500 million (down 49.7%).

• Annual dividend forecast is ¥88.00 per share, up from ¥85.00 in the previous year.

• Profit attributable to owners of parent expected to decrease due to absence of prior year’s one-time gains.