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ZEON, First Half Ordinary Profit Unexpectedly Revised Upward by 3%

Thu Oct 30, 2025 3:30 pm JST Earnings

4205 ZEON CORPORATION 【J-GAAP】

Earnings Report

ZEON CORPORATION <4205> [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) was 19.1 billion yen, a 2.9% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 3.2% decrease.

Progress toward the full-year plan of 30.0 billion yen was 63.8%, also surpassing the five-year average of 52.9%.

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 October to March period (second half) is expected to decrease 24.9% from the same period last year to 10.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 12.6% from the same period last year, reaching 7.16 billion yen. However, the operating profit margin remained almost flat, changing from 7.2% in the same period last year to 7.0%.

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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
Apr - Sep, 2023 185,442 9,461 13,034 10,359 49.0 48.4 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 213,350 16,802 18,587 12,300 58.5 56.2 Oct 28, 2024 J-GAAP
Apr - Sep, 2025 206,471 19,352 19,133 22,305 113.8 63.8 Oct 30, 2025 J-GAAP
YoY -3.2% +15.2% +2.9% +81.3% +94.6%

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 210,000 19,000 18,000 19,500 100.3 36 Jul 30, 2025 J-GAAP
Apr - Sep, 2025 Results 206,471 19,352 19,133 22,305 113.8 36 Oct 30, 2025 J-GAAP
Revision Rate -1.7% +1.9% +6.3% +14.4% +13.4%

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 207,297 12,519 14,464 13,899 67.6 35 Apr 25, 2025 J-GAAP
Oct - Mar, 2025 Guidance 208,529 11,148 10,867 5,695 29.8 36 Oct 30, 2025 J-GAAP
YoY +0.6% -11.0% -24.9% -59.0% -56.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 382,279 20,500 26,906 31,101 147.2 45 Apr 25, 2024 J-GAAP
Mar, 2025 420,647 29,321 33,051 26,199 127.4 70 Apr 25, 2025 J-GAAP
Mar, 2026 Guidance 415,000 30,500 30,000 28,000 146.4 72 Jul 30, 2025 J-GAAP
YoY -1.3% +4.0% -9.2% +6.9% +14.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 107,245 7,761 6,359 4,110 19.5 7.2 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 102,083 7,371 8,782 7,831 37.6 7.2 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 105,214 5,148 5,682 6,068 29.5 4.9 Apr 25, 2025 J-GAAP
Apr - Jun, 2025 103,083 12,129 11,973 7,506 38.1 11.8 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 103,388 7,223 7,160 14,799 75.5 7.0 Oct 30, 2025 J-GAAP
YoY -3.6% -6.9% +12.6% +260.1% +286.3%

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