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CHIYODA, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 24% Decrease

Fri Oct 10, 2025 3:30 pm JST Earnings

8185 CHIYODA CO.,LTD 【J-GAAP】

Earnings Report

CHIYODA CO.,LTD <8185> [TSE Prime] announced its financial results after the market closed on October 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2026 (March to August) decreased 18.3% from the same period last year to 1.49 billion yen, resulting in a decrease in profits compared to the previous forecast of a 25.8% increase.

In addition, the full-year forecast for consolidated ordinary profit has decreased 48.7%, from the previous forecast of 3.80 billion yen to 1.95 billion yen (compared to 2.56 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 24.0% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to drop 38.1% from the same period last year to 0.45 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit significantly dropped to 0.03 billion yen, a 74.7% decrease compared to the same period last year. The operating profit/loss margin worsened from 0.3% in the same period last year to -0.3%.

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Actual Results

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 48,089 927 1,070 830 23.7 72.6 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 48,854 1,614 1,829 1,588 45.2 71.3 Oct 11, 2024 J-GAAP
Mar - Aug, 2025 41,830 1,379 1,494 921 26.5 76.6 Oct 10, 2025 J-GAAP
YoY -14.4% -14.6% -18.3% -42.0% -41.4%

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 44,000 2,200 2,300 1,700 49.5 27 Apr 11, 2025 J-GAAP
Mar - Aug, 2025 Results 41,830 1,379 1,494 921 26.5 27 Oct 10, 2025 J-GAAP
Revision Rate -4.9% -37.3% -35.0% -45.8% -46.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Prev 86,000 3,600 3,800 2,750 81.0 54 Apr 11, 2025 J-GAAP
Feb, 2026 New 81,850 1,700 1,950 1,000 29.5 54 Oct 10, 2025 J-GAAP
Revision Rate -4.8% -52.8% -48.7% -63.6% -63.6%

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 42,981 579 737 1,335 38.0 17 Apr 11, 2025 J-GAAP
Sep - Feb, 2025 Guidance 40,020 321 456 79 2.3 27 Oct 10, 2025 J-GAAP
YoY -6.9% -44.6% -38.1% -94.1% -93.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 93,320 1,071 1,474 1,851 52.7 28 Apr 12, 2024 J-GAAP
Feb, 2025 91,835 2,193 2,566 2,923 83.1 34 Apr 11, 2025 J-GAAP
Feb, 2026 Guidance 81,850 1,700 1,950 1,000 29.5 54 Oct 10, 2025 J-GAAP
YoY -10.9% -22.5% -24.0% -65.8% -64.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 23,174 76 146 254 7.2 0.3 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 23,766 768 839 655 18.6 3.2 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 19,215 -189 -102 680 19.3 -1.0 Apr 11, 2025 J-GAAP
Mar - May, 2025 21,980 1,434 1,457 1,306 37.2 6.5 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 19,850 -55 37 -385 -11.1 -0.3 Oct 10, 2025 J-GAAP
YoY -14.3% － -74.7% － －

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