Metalart Corporation (5644) Q1 2027 earnings summary

Executive summary

• First quarter of FY2027 saw increases in sales and profits across major segments compared to the same quarter last year, with revenue at ¥10,888 million, up 2.0% year-over-year, driven by strong domestic small car sales and increased overseas commercial vehicle production.

• Operating profit rose 65.9% year-over-year to ¥715 million, and net profit attributable to shareholders increased 52.3% to ¥450 million.

• Full-year forecasts have been revised, reflecting changes in business performance and operational efficiencies.

• The company recommended shareholders tender shares in a public tender offer, which was ultimately unsuccessful.

Financial highlights

• Consolidated sales for Q1 FY2027: Construction machinery up 2.0%, automobiles up 14.5%, other segments up 2.7% year-over-year.

• Operating profit was ¥715 million (up from ¥431 million), ordinary profit was ¥760 million (up from ¥519 million), and net profit attributable to shareholders was ¥450 million, up from ¥295 million in the prior year.

• EPS for Q1 was ¥157.39, up from ¥102.66 year-over-year.

• Gross profit increased from ¥1,065 million to ¥1,445 million year-over-year.

Outlook and guidance

• Full-year sales forecast revised to ¥43,600 million, a 3.7% decrease year-over-year.

• Operating profit forecast is ¥2,740 million (down 29.8%), and net profit attributable to shareholders is projected at ¥1,610 million (down 40.2%).

• Interim and year-end dividends are forecast at ¥80 and ¥80 per share, respectively, totaling ¥160 per share for the year.