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OKUWA, First Half Ordinary Profit Increases by 2.1 times, Jun-Aug Ordinary Profit Increases by 84%

Tue Sep 30, 2025 1:00 pm JST Earnings

8217 OKUWA CO., LTD. 【J-GAAP】

Earnings Report

OKUWA CO., LTD. <8217> [TSE Prime] announced its financial results in the afternoon session on September 30th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2026 (March to August) surged 2.1 times that of the same period last year, reaching 0.67 billion yen. However, Progress toward the full-year plan of 2.10 billion yen was 31.9%, also falling below the five-year average of 37.5%.

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 September to February period (second half) is expected to grow 26.7% from the same period last year, reaching 1.43 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit increased 84.0% from the same period last year, reaching 0.56 billion yen. The operating profit margin improved from 0.4% in the same period last year to 0.8%.

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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
Mar - Aug, 2023
121,520M 706M 819M 399M 9.1 26.4% Oct 3, 2023 J-GAAP
Mar - Aug, 2024
122,558M 246M 313M 87M 2.0 21.7% Oct 1, 2024 J-GAAP
Mar - Aug, 2025
124,448M 579M 670M 248M 6.0 31.9% Sep 30, 2025 J-GAAP
YoY +1.5% +135.4% +114.1% +185.1% +198.5%
First Half Results vs. Previous Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Mar - Aug, 2025 Guidance 124,400M 570M 670M 240M 5.9 13 Sep 26, 2025 J-GAAP
Mar - Aug, 2025 Results 124,448M 579M 670M 248M 6.0 13 Sep 30, 2025 J-GAAP
Revision Rate +0.0% +1.6% 0.0% +3.3% +2.0%

Current Period Guidance

Second Half Results
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Sep - Feb, 2024
127,592M 1,082M 1,129M -2,468M -57.9 13 Apr 1, 2025 J-GAAP
Guidance
Sep - Feb, 2025
134,552M 1,521M 1,430M 552M 13.6 13 Sep 30, 2025 J-GAAP
YoY +5.5% +40.6% +26.7%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Feb, 2024
247,378M 2,888M 3,098M 1,000M 22.8 26 Apr 2, 2024 J-GAAP
Feb, 2025
250,150M 1,328M 1,442M -2,381M -55.9 26 Apr 1, 2025 J-GAAP
Guidance
Feb, 2026
259,000M 2,100M 2,100M 800M 19.7 26 Apr 1, 2025 J-GAAP
YoY +3.5% +58.1% +45.6%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Jun - Aug, 2024
63,861M 284M 307M 143M 3.3 0.4% Oct 1, 2024 J-GAAP
Sep - Nov, 2024
61,169M -119M -115M -201M -4.7 -0.2% Dec 27, 2024 J-GAAP
Dec - Feb, 2024
66,423M 1,201M 1,244M -2,267M -53.2 1.8% Apr 1, 2025 J-GAAP
Mar - May, 2025
60,044M 59M 105M 5M 0.1 0.1% Jun 27, 2025 J-GAAP
Jun - Aug, 2025
64,404M 520M 565M 243M 5.9 0.8% Sep 30, 2025 J-GAAP
YoY +0.9% +83.1% +84.0% +69.9% +78.2%