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EPCO, First Half Ordinary Profit Increases by 91%, Apr-Jun Ordinary Profit Increases by 2.5 times

Thu Aug 7, 2025 3:30 pm JST Earnings

2311 EPCO Co.,Ltd. 【J-GAAP】

Earnings Report

EPCO Co.,Ltd. <2311> [TSE Std] announced its financial results after the market closed on August 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) expanded 235 million yen, an increase 91.1% compared to the same period last year. Progress toward the full-year plan of 531 million yen was 44.3%, exceeding the five-year average of 37.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to decrease 6.9% from the same period last year to 296 million yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit surged 2.5 times that of the same period last year, reaching 203 million yen. The operating profit margin improved from 7.2% in the same period last year to 8.8%.

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Actual Performance and Financial Trends

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Progress Rate
vs. First Half		 Announce Accounting
Standards
Jan - Jun, 2023 		2,404M 54M 78M 177M 19.9 18.4 Aug 9, 2023 J-GAAP
Jan - Jun, 2024 		2,794M 172M 123M 60M 6.8 27.9 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 		3,351M 218M 235M 201M 22.5 44.3 Aug 7, 2025 J-GAAP
YoY +19.9% +26.7% +91.1% +235.0% +232.9%
First Half Results vs. Previous Guidance
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj.
Dividend		 Announce Accounting
Standards
Jan - Jun, 2025 Guidance 3,276M 186M 209M 195M 21.8 14 Jun 26, 2025 J-GAAP
Jan - Jun, 2025 Results 3,351M 218M 235M 201M 22.5 14 Aug 7, 2025 J-GAAP
Revision Rate +2.3% +17.2% +12.4% +3.1% +3.2%

Current Period Guidance

Second Half Results
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj.
Dividend		 Announce Accounting
Standards
Jul - Dec, 2024 		2,813M 162M 318M 267M 29.9 18 Feb 13, 2025 J-GAAP
Guidance
Jul - Dec, 2025 		3,179M 208M 296M 291M 32.5 18 Aug 7, 2025 J-GAAP
YoY +13.0% +28.4% -6.9% +9.0% +8.8%
Current Period Guidance
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj.
Dividend		 Announce Accounting
Standards
Dec, 2023 		5,059M 161M 425M 626M 70.1 32 Feb 13, 2024 J-GAAP
Dec, 2024 		5,607M 334M 441M 327M 36.6 32 Feb 13, 2025 J-GAAP
Guidance
Dec, 2025 		6,530M 426M 531M 492M 55.0 32 Jun 26, 2025 J-GAAP
YoY +16.5% +27.5% +20.4% +50.5% +50.2%

Quarterly Results

Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Operating
Profit Margin		 Announce Accounting
Standards
Apr - Jun, 2024 		1,440M 103M 81M 42M 4.7 7.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 		1,396M 94M 61M 24M 2.7 6.7 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 		1,417M 68M 257M 243M 27.2 4.8 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 		1,493M 55M 32M 52M 5.9 3.7 May 14, 2025 J-GAAP
Apr - Jun, 2025 		1,858M 163M 203M 149M 16.7 8.8 Aug 7, 2025 J-GAAP
YoY +29.0% +58.3% +150.6% +254.8% +252.2%

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