Coal volumes and a larger Wambo dividend
Sumiseki Holdings, Inc. (TSE: 1514) reported consolidated results for the first half of FY3/2027, April 1 to September 30, 2026, on October 30, 2026 under Japanese GAAP. Higher coal sales volumes to existing customers drove the top line: gross profit rose to ¥967 million from ¥850 million, while selling, general and administrative expenses increased to ¥813 million from ¥770 million. As usual for this group, most of the profit sits below the operating line. Dividends received reached ¥1,375 million against ¥1,196 million, because the payout from Wambo Coal Pty Ltd far exceeded the company's initial forecast, and total non-operating income was ¥1,511 million against ¥1,258 million, including ¥44 million of equity-method investment income. Profit before income taxes was ¥1,587 million against ¥1,289 million. Earnings per share were ¥25.77 against ¥20.97, and comprehensive income rose 17.0% to ¥1,541 million.
All three segments grew
Coal sales rose 9.7% to ¥5,172 million and operating profit 22.0% to ¥284 million; segment profit, which includes equity-method affiliates, rose 41.3% to ¥278 million on improved affiliate earnings. In diamonds, higher overseas sales of polycrystalline diamond, a weaker yen and strong single-crystal diamond sales at equity-method affiliate Trustwell lifted sales 12.3% to ¥142 million, operating profit 38.2% to ¥43 million and segment profit 74.1% to ¥67 million. Quarrying sales rose 33.1% to ¥260 million on steady sales of crushed stone for nuclear-related and wind-power construction and brisk by-product sales; operating profit rose 82.3% to ¥91 million and segment profit 86.1% to ¥92 million. Reported segment profit totalled ¥437 million against ¥285 million, and corporate items, mainly the dividend income, added ¥1,162 million against ¥1,018 million.
Buyback trims equity; forecast unchanged
Total assets fell ¥2,318 million from March to ¥29,872 million as cash and deposits declined, although securities and investment securities increased. Liabilities fell ¥1,697 million to ¥1,343 million on lower accounts payable, and net assets fell ¥621 million to ¥28,529 million after the dividend payment and a share buyback; the equity ratio rose to 95.5% from 90.6%. Under a board resolution of July 31, 2026, the company acquired 1,600,000 of its own shares, and it disposed of 44,800 treasury shares as restricted stock compensation on July 21, 2026, leaving treasury stock up ¥981 million at ¥2,444 million. Sumiseki kept its FY3/2027 forecast published on October 9, 2026: net sales of ¥11,600 million (+8.8%), operating profit of ¥300 million (−8.8%), ordinary profit of ¥2,300 million (−17.7%) and net profit of ¥2,100 million (−20.4%), or ¥35.67 per share. It plans a year-end dividend of ¥20, unchanged from the prior year.
| Metric | H1 FY3/2027 | H1 FY3/2026 | Change |
|---|---|---|---|
| Net sales (¥ million) | 5,574 | 5,035 | +10.7% |
| Gross profit (¥ million) | 967 | 850 | +13.8% |
| Operating profit (¥ million) | 154 | 79 | +94.3% |
| Ordinary profit (¥ million) | 1,599 | 1,303 | +22.7% |
| Net profit attrib. to owners of parent (¥ million) | 1,531 | 1,254 | +22.1% |
| Comprehensive income (¥ million) | 1,541 | 1,318 | +17.0% |
| EPS (¥) | 25.77 | 20.97 | +22.9% |
| Coal — revenue (¥ million) | 5,172 | 4,713 | +9.7% |
| Coal — segment profit (¥ million) | 278 | 197 | +41.3% |
| Diamond — revenue (¥ million) | 142 | 127 | +12.3% |
| Diamond — segment profit (¥ million) | 67 | 38 | +74.1% |
| Quarrying — revenue (¥ million) | 260 | 196 | +33.1% |
| Quarrying — segment profit (¥ million) | 92 | 50 | +86.1% |
| Total assets (¥ million) | 29,872 | 32,191 | -7.2% |
| Net assets (¥ million) | 28,529 | 29,150 | -2.1% |
| Equity ratio | 95.5% | 90.6% | +4.9 pt |
| FY3/2027 guidance — revenue (¥ million) | 11,600 | — | +8.8% |
| FY3/2027 guidance — operating profit (¥ million) | 300 | — | -8.8% |
| FY3/2027 guidance — ordinary profit (¥ million) | 2,300 | — | -17.7% |
| FY3/2027 guidance — net profit (¥ million) | 2,100 | — | -20.4% |
| Annual dividend per share (¥) | 20.00 | 20.00 | unchanged |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.