I am using HSK’s strong Q1 FY2/27 results to reintroduce my Mitsubishi Heavy alternative (although it may be too small at Y35 Bn). My initial 5/3/26 note is available for my clients.

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Q1 FY2/27 vs. Q1 FY2/26

Net sales: ¥4,317mm vs. ¥3,574mm (+20.8% YoY)

Operating profit: ¥561mm vs. ¥380mm (+47.5% YoY)

Ordinary profit: ¥532mm vs. ¥353mm (+50.8% YoY)

Profit attributable to owners of parent: ¥361mm vs. ¥201mm (+79.0% YoY)

 

Guidance revision for FY2/27

Net Sales

·      Previous Forecast: ¥16,073 million

·      Revised Forecast: ¥16,719 million

·      Change: +¥645 million (+4.0%)

·      (Ref) Previous Year Actual (FY Feb 2026): ¥14,312 million

Operating Profit

·      Previous Forecast: ¥1,200 million

·      Revised Forecast: ¥1,436 million

·      Change: +¥236 million (+19.6%)

Reasons

All three segments are performing well. Electrical Discharge Machining and Surface Treatment are benefiting from increased defense‑related demand, while Mold/Die and Machinery & Equipment continue to show steady momentum. The relationship with Mitsubishi Heavy is also proving stronger than initially expected.

#Hoden #Mitsubishiheavy #Defense #Japanesestocks #getinsights