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TSURUYA, Net Income Forecast for the Fiscal Year Revised Downward by 4%

Fri Oct 31, 2025 10:40 am JST Earnings

5386 TSURUYA CO.,LTD. 【J-GAAP】

Earnings Report

TSURUYA CO.,LTD. <5386> [TSE Std] announced its financial results in the morning on October 31st (10:40). The net income (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 14.6% from the same period last year, reaching 275 million yen.

However, the full-year forecast for net income has decreased 4.4%, from the previous forecast of 450 million yen to 430 million yen (compared to 121 million yen in the previous period), leading to a reduction in the profit growth rate from 3.7 times to 3.6 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the net income/loss for the October to March period (second half) is expected to turn into a profit of 155 million yen (compared to a loss of 119 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the net income surged 3.7 times that of the same period last year, reaching 208 million yen. However, the operating profit margin worsened from 3.4% in the same period last year to 2.1%.

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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 3,219 74 149 98 12.8 74.9 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 3,590 152 355 240 31.5 78.0 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 3,244 69 159 275 36.6 41.8 Oct 31, 2025 J-GAAP
YoY -9.6% -54.6% -55.2% +14.6% +16.2%

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 3,460 70 150 280 37.2 4 Apr 30, 2025 J-GAAP
Apr - Sep, 2025 Results 3,244 69 159 275 36.6 4 Oct 31, 2025 J-GAAP
Revision Rate -6.2% -1.4% +6.0% -1.8% -1.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 6,900 270 380 450 59.8 10.50 Apr 30, 2025 J-GAAP
Mar, 2026 New 6,700 270 380 430 57.2 10.50 Oct 31, 2025 J-GAAP
Revision Rate -2.9% 0.0% 0.0% -4.4% -4.4%

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 3,225 33 100 -119 -15.8 2.50 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 3,456 201 221 155 20.6 6.50 Oct 31, 2025 J-GAAP
YoY +7.2% +509.1% +121.0% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 6,369 103 199 127 16.6 5 Apr 26, 2024 J-GAAP
Mar, 2025 6,815 185 455 121 16.0 12 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 6,700 270 380 430 57.2 10.50 Oct 31, 2025 J-GAAP
YoY -1.7% +45.9% -16.5% +255.4% +257.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,694 57 86 56 7.4 3.4 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 1,698 91 125 84 11.1 5.4 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 1,527 -58 -25 -203 -26.9 -3.8 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 1,619 35 90 67 8.9 2.2 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 1,625 34 69 208 27.7 2.1 Oct 31, 2025 J-GAAP
YoY -4.1% -40.4% -19.8% +271.4% +276.5%

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