JSP Corporation Raises FY2027 Earnings Forecast on Pricing Power
JSP Corporation (TSE:7942) has raised its earnings guidance for the fiscal year ending March 2027, citing strong demand in high-function materials and successful product price increases that offset raw material cost pressures.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 82.0bn | JPY 86.0bn | +4.9% |
| Operating Profit | JPY 3.90bn | JPY 7.00bn | +79.5% |
| Ordinary Income | JPY 4.00bn | JPY 7.10bn | +77.5% |
| 親会社株主に帰属する中間純利益 | JPY 2.90bn | JPY 5.50bn | +89.7% |
| 1株当たり中間純利益 | JPY 110.66/share | JPY 209.87/share | +JPY 99.21/share |
The foam materials manufacturer raised its interim-period (April–September 2026) operating profit forecast by 79.5% to JPY 7.0bn and full-year operating profit by 42.9% to JPY 10.0bn. For the full fiscal year, net profit guidance rose 50% to JPY 7.5bn. The revision reflects resilience in the extrusion business, where product price adjustments are offsetting lower sales volumes in construction insulation materials. The beads business—centered on expanded polypropylene (ARPRO)—is performing ahead of expectations, driven by robust demand in Europe for electric-vehicle applications and steady battery-related packaging sales in China. Management expects interim-period EPS of JPY 209.87/share, up 89.6% from prior guidance.
The substantial upward revision signals JSP’s ability to pass through cost inflation to customers despite near-term demand headwinds in construction. However, investors should note exposure to cyclical EV demand in Europe and macroeconomic uncertainty in China. Full-year earnings guidance assumes a demand correction in the third quarter onward in Europe, tempering growth expectations for the second half.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.