Watches drive a record half
Casio Computer Co., Ltd. (TSE: 6952) reported consolidated results for the first half of FY3/2027, April 1 to September 30, 2026, on November 12, 2026. Timepieces sales rose strongly to ¥107.8 billion and their operating profit reached ¥23.1 billion. G-SHOCK benefited from promotion of the classic 5000 and 5600 series, the octagonal 2100 series and the new GWR-B3000 with a newly developed movement, while CASIO WATCH won new customers among women and younger buyers. By region, North America, where watch demand is strong, and the rest of the world, where CASIO WATCH marketing began in earnest in emerging markets, grew sharply.
Consumer sales were ¥44.9 billion with operating profit of ¥5.6 billion. In EdTech, scientific calculators grew on strong back-to-school demand in some regions and orders brought forward, while sound products were flat in a tough market. Operating margin reached 15.2%, and operating, ordinary and net profit all set first-half records. Operating cash flow was ¥16.4 billion and cash and equivalents ended at ¥146.8 billion.
Guidance and dividend raised
Casio raised its FY3/2027 forecast by ¥10.0 billion in sales and ¥5.0 billion in operating profit, to net sales of ¥310,000 million (+12.2%), operating profit of ¥39,000 million (+69.0%), ordinary profit of ¥39,500 million (+53.8%) and net profit attributable to owners of ¥27,000 million (+48.1%), assuming ¥155 to the dollar and ¥176 to the euro. It raised the interim dividend to ¥25 from ¥22.50 and set the year-end dividend, previously undecided, at ¥25, for an annual ¥50, up ¥5.
| Metric | H1 FY3/2027 | H1 FY3/2026 | Change |
|---|---|---|---|
| Net sales (¥ million) | 157,504 | 132,651 | +18.7% |
| Operating profit (¥ million) | 24,018 | 9,488 | +153.1% |
| Ordinary profit (¥ million) | 24,461 | 10,733 | +127.9% |
| Net profit attrib. to owners of parent (¥ million) | 16,627 | 8,050 | +106.5% |
| Comprehensive income (¥ million) | 15,698 | 10,288 | +52.6% |
| EPS (¥) | 74.96 | 35.30 | +112.4% |
| Total assets (¥ million) | 363,340 | 351,475 | +3.4% |
| Net assets (¥ million) | 235,919 | 235,191 | +0.3% |
| Equity ratio | 64.9% | 66.9% | -2.0 pt |
| FY3/2027 guidance — revenue (¥ million) | 310,000 | — | +12.2% |
| FY3/2027 guidance — operating profit (¥ million) | 39,000 | — | +69.0% |
| FY3/2027 guidance — ordinary profit (¥ million) | 39,500 | — | +53.8% |
| FY3/2027 guidance — net profit (¥ million) | 27,000 | — | +48.1% |
| Annual dividend per share (¥) | 50.00 | 45.00 | +11.1% |
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.