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Joshin Denki, First Half Ordinary Profit Increases by 13%, Jul-Sep Ordinary Profit Increases by 74%

Tue Nov 4, 2025 12:00 pm JST Earnings

8173 Joshin Denki Co., Ltd. 【J-GAAP】

Earnings Report

Joshin Denki Co., Ltd. <8173> [TSE Prime] announced its financial results at noon (12:00) on November 4th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 12.8% from the same period last year, reaching 2.00 billion yen. Progress toward the full-year plan of 4.00 billion yen was 50.1%, almost the same as the five-year average of 52.4%.

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 grow 16.5% from the same period last year, reaching 1.99 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 74.5% from the same period last year, reaching 1.52 billion yen. The operating profit margin improved from 0.9% in the same period last year to 1.4%.

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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 197,483 4,586 4,549 3,110 117.7 55.1 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 191,986 1,838 1,777 2,196 84.3 50.9 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 210,452 2,138 2,004 1,894 73.3 50.1 Nov 4, 2025 J-GAAP
YoY +9.6% +16.3% +12.8% -13.8% -13.1%

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 196,000 2,000 2,000 1,600 61.9 50 Sep 16, 2025 J-GAAP
Apr - Sep, 2025 Results 210,452 2,138 2,004 1,894 73.3 50 Nov 4, 2025 J-GAAP
Revision Rate +7.4% +6.9% +0.2% +18.4% +18.4%

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 211,273 1,850 1,714 1,211 46.6 100 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 193,548 1,862 1,996 906 35.0 50 Nov 4, 2025 J-GAAP
YoY -8.4% +0.6% +16.5% -25.2% -24.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 403,692 8,364 8,251 4,891 185.9 90 May 7, 2024 J-GAAP
Mar, 2025 403,259 3,688 3,491 3,407 131.1 100 May 9, 2025 J-GAAP
Mar, 2026 Guidance 404,000 4,000 4,000 2,800 108.2 100 Sep 16, 2025 J-GAAP
YoY +0.2% +8.5% +14.6% -17.8% -17.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 101,791 929 873 1,728 66.4 0.9 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 103,031 -351 -404 198 7.6 -0.3 Feb 4, 2025 J-GAAP
Jan - Mar, 2025 108,242 2,201 2,118 1,013 39.0 2.0 May 9, 2025 J-GAAP
Apr - Jun, 2025 99,738 564 481 503 19.5 0.6 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 110,714 1,574 1,523 1,391 53.8 1.4 Nov 4, 2025 J-GAAP
YoY +8.8% +69.4% +74.5% -19.5% -18.9%

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