LIXIL Group (TJS) Q2 2027 Earnings Report
DE:TJS Q2 2027 EPS Results
- Actual EPS
- -EUR 0.02
- Consensus EPS
- -EUR 0.03
- Beat/Miss
- Beat by +EUR 0.01
- One Year Ago EPS
- EUR 0.08
DE:TJS Q2 2027 Revenue Results
- Actual Revenue
- EUR 2.17B
- Expected Revenue
- EUR 2.16B
- Beat/Miss
- Beat by +EUR 15.62M
- YoY Revenue Growth
- +3.23%
Earnings Announcement Details
- Quarter
- Q2 2027
- Date
- 10/30/2026
- Time
- TBA
- Conference Call
- Friday, October 30, 2026
LIXIL Group's next earnings date is estimated for January 30, 2027, based on past reporting schedules.
Q2 2027 Earnings Call Audio
Q2 2027 Earnings Slide Deck
Q2 2027 Earnings Call Summary
The call was mixed. LIXIL reported progress on price optimization, U.S. structural reform, market-share gains, LWT profitability, and AI-related initiatives, while maintaining its full-year forecast and JPY 45 dividend. However, these positives were offset by declining overall core earnings, significantly lower LHT core earnings, weaker-than-expected international demand, sluggish domestic renovation activity, higher costs, increased working capital and leverage, lower free cash flow, and continued uncertainty in the U.S., China, Europe, and the Middle East.
For the full year, there is no change in the dividend or the forecast, with the dividend expected to be JPY 45; revenue is expected to go up, but volume is not necessarily increasing, and price optimization is expected to cover the decline in deteriorated areas. LHT’s price optimization is going smoothly, and LIXIL believes it can recover in the second half for what it lost in the first half, while LWT overall has JPY 31 billion core earnings planned and aims to catch up to the full-year plan. LIXIL intends to catch up in the second half for the gross profit margin gap and free cash flow gap, recover the equity ratio, which came down to 33.9%, quite quickly, and settle the tax cost between 30% and 40% as quickly as possible.
- LWT Japan Revenue and Core Earnings IncreasedLWT in Japan saw increases in both revenue and core earnings despite cost increases. The company conducted a price increase in August, with the increase gradually penetrating the market, and said the situation should improve as the price revision takes effect.
- LWT International Delivered Revenue and Core Earnings GrowthLWT International increased both revenue and core earnings after successfully implementing price optimization in July. The company plans to maintain revenue through market-share gains, colored faucets, smart-control products, and sales of higher-end products to improve profitability.
- U.S. Structural Reform Completed and Losses ReducedLIXIL completed its U.S. structural reform earlier than other manufacturers. The company reported increasing market share, improvement in the U.S. business, and a significant reduction in the amount of red ink, with some months improving into the black.
- Market Share Increased in the Middle East Despite Market DeteriorationLIXIL increased its market share in the Middle East even as the market deteriorated, GDP declined in several Middle Eastern countries, and projects were canceled. Existing production facilities and inventory enabled the company to continue receiving orders and supplying customers.
- International Business Profit Increased Year on YearAlthough the international market environment was challenging, the company said international profit increased year on year, with the completion of U.S. structural reform identified as the biggest contributor to the improvement.
- Domestic Price Optimization Progressed Without Significant Post-Increase Demand DropThe October price optimization for LHT was proceeding smoothly, and LIXIL believes it can recover in the second half what it lost in the first half. For LWT domestic products, the company said it had not seen a significant decrease in demand after the price increase as of October.
- Renovation Demand Was Beginning to NormalizeDomestic renovation demand was weak in the first half because industry attention was focused on new construction amid concerns about material shortages. The company said the situation was beginning to normalize and that demand was increasingly shifting back toward renovation.
- APAC Conditions Improved Excluding ThailandThe company stated that business conditions in APAC were improving excluding Thailand.
- Full-Year Forecast and Dividend MaintainedLIXIL made no change to its full-year forecast or dividend plan and expects a dividend of JPY 45. Management said price optimization is expected to cover volume declines in deteriorating markets and allow the company to meet its target.
- Agentic AI and Sales Automation Identified as Demand-Generation OpportunitiesManagement said the penetration of agentic AI could dramatically reduce SG&A associated with pursuing smaller renovation projects and enable greater investment in demand generation. LIXIL is also implementing AI in sales activities and using online showrooms to accommodate smaller customers, with incremental business beginning to appear gradually.
- Investment and Tax-Structure Improvements Remain PrioritiesManagement said LIXIL is making sufficient investment and wants to expand profit by next year. It also plans to improve the international business structure and reduce tax-related costs, with a desired tax-cost level of between 30% and 40%.
- GROHE Maintained a Stronger Strategic PositionManagement said GROHE benefits from strong brand equity, protection from installers and plumbers in Europe, and product selection by architects and designers. The company expects GROHE to support sales growth through regional expansion and project, architecture, and designer channels.
- American Standard Competitive Position Improved Versus Private LabelsIn the U.S., American Standard was described as performing better than lower-priced private-label brands because those brands cannot supply products at the lowest possible prices using materials secured from China. Management also said American Standard has strong affinity among plumbers.
- Aluminum Ingot Prices Were More Stable Than ExpectedManagement said aluminum ingot prices had stabilized and were more stable than expected, describing this as a positive factor for LHT in the short term, while noting that a buffer is still needed because prices cannot be forecast accurately.
DE:TJS Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Jan 30, 2027 | 2027 (Q3) | 0.18- | 0.17 | ― | ― |
| Oct 30, 2026 | 2027 (Q2) | -0.03-0.02 | 0.08 | -125.34% (-0.11) | |
| Jul 31, 2026 | 2027 (Q1) | 0.04-0.07 | -0.02 | -284.86% (-0.05) | |
| Apr 30, 2026 | 2026 (Q4) | -0.07-0.07 | -0.04 | -60.58% (-0.03) | |
| Jan 30, 2026 | 2026 (Q3) | 0.140.17 | 0.16 | 2.83% (+0.00) | |
| Oct 31, 2025 | 2026 (Q2) | 0.060.08 | 0.04 | 121.49% (+0.05) | |
| Jul 31, 2025 | 2026 (Q1) | -0.03-0.02 | -0.12 | 84.45% (+0.10) | |
| Apr 30, 2025 | 2025 (Q4) | 0.08-0.04 | -0.41 | 88.98% (+0.36) | |
| Jan 31, 2025 | 2025 (Q3) | 0.160.16 | 0.12 | 30.47% (+0.04) | |
| Oct 30, 2024 | 2025 (Q2) | 0.090.04 | 0 | 1617.95% (+0.04) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.