TYK (5363) Q1 2027 earnings summary

Executive summary

• Revenue for Q1 FY2027 was ¥7,945 million, a 3.2% decrease year-over-year, reflecting continued domestic crude steel production decline but stable demand for refractory products domestically and abroad.

• Operating profit fell 17.2% year-over-year to ¥895 million, and net profit attributable to shareholders was ¥790 million, down 2.1%.

• The company maintained its full-year guidance, with no changes to previously announced forecasts.

Financial highlights

• Gross profit for Q1 FY2027 was ¥2,181 million, down from ¥2,333 million year-over-year.

• Operating profit was ¥895 million (down 17.2%), ordinary profit ¥1,223 million (down 10.0%), and net profit attributable to shareholders ¥790 million (down 2.1%).

• EPS for the quarter was ¥17.79.

• Comprehensive income surged to ¥4,237 million, up 259.2% year-over-year, mainly due to valuation gains on securities.

Outlook and guidance

• Full-year revenue forecast is ¥31,770 million (up 0.9% year-over-year), with operating profit of ¥3,550 million (up 3.0%) and net profit attributable to shareholders of ¥4,530 million (up 21.2%).

• No changes to previously announced guidance.