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Japan Aviation Electronics, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 39% Decrease
6807 Japan Aviation Electronics Industry, Limited 【J-GAAP】
Earnings ReportJapan Aviation Electronics Industry, Limited <6807> [TSE Prime] announced its financial results after the market closed on October 30th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 41.7% from the same period last year to 4.73 billion yen, fell short of the previous forecast of 7.00 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has decreased 48.6%, from the previous forecast of 17.5 billion yen to 9.00 billion yen (compared to 14.8 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 39.3% 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 October to March period (second half) is expected to drop 36.5% from the same period last year to 4.26 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.64 billion yen, a 23.2% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.4% in the same period last year to 5.6%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 113,285 | 6,770 | 8,607 | 6,711 | 73.6 | 58.3 | Oct 27, 2023 | J-GAAP |
| Apr - Sep, 2024 | 113,451 | 9,218 | 8,119 | 6,631 | 98.5 | 54.7 | Oct 23, 2024 | J-GAAP |
| Apr - Sep, 2025 | 110,441 | 4,760 | 4,736 | 3,116 | 46.2 | 52.6 | Oct 30, 2025 | J-GAAP |
| YoY | -2.7% | -48.4% | -41.7% | -53.0% | -53.0% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 110,000 | 7,500 | 7,000 | 5,000 | 74.2 | 30 | Apr 23, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 110,441 | 4,760 | 4,736 | 3,116 | 46.2 | 30 | Oct 30, 2025 | J-GAAP |
| Revision Rate | +0.4% | -36.5% | -32.3% | -37.7% | -37.7% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 240,000 | 18,500 | 17,500 | 13,000 | 192.9 | 60 | Apr 23, 2025 | J-GAAP |
| Mar, 2026 New | 225,000 | 10,000 | 9,000 | 6,000 | 89.0 | 60 | Oct 30, 2025 | J-GAAP |
| Revision Rate | -6.3% | -45.9% | -48.6% | -53.8% | -53.8% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 108,193 | 6,397 | 6,719 | 4,961 | 73.6 | 30 | Apr 23, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 114,559 | 5,240 | 4,264 | 2,884 | 42.8 | 30 | Oct 30, 2025 | J-GAAP |
| YoY | +5.9% | -18.1% | -36.5% | -41.9% | -41.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 225,781 | 14,423 | 14,762 | 12,245 | 137.1 | 55 | Apr 24, 2024 | J-GAAP |
| Mar, 2025 | 221,644 | 15,615 | 14,838 | 11,592 | 172.1 | 60 | Apr 23, 2025 | J-GAAP |
| Mar, 2026 Guidance | 225,000 | 10,000 | 9,000 | 6,000 | 89.0 | 60 | Oct 30, 2025 | J-GAAP |
| YoY | +1.5% | -36.0% | -39.3% | -48.2% | -48.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 57,891 | 5,444 | 4,749 | 3,495 | 51.9 | 9.4 | Oct 23, 2024 | J-GAAP |
| Oct - Dec, 2024 | 53,002 | 2,236 | 2,951 | 2,089 | 31.0 | 4.2 | Jan 29, 2025 | J-GAAP |
| Jan - Mar, 2025 | 55,191 | 4,161 | 3,768 | 2,872 | 42.6 | 7.5 | Apr 23, 2025 | J-GAAP |
| Apr - Jun, 2025 | 51,605 | 1,480 | 1,091 | 856 | 12.7 | 2.9 | Jul 23, 2025 | J-GAAP |
| Jul - Sep, 2025 | 58,836 | 3,280 | 3,645 | 2,260 | 33.5 | 5.6 | Oct 30, 2025 | J-GAAP |
| YoY | +1.6% | -39.8% | -23.2% | -35.3% | -35.4% |
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