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SPK, First Half Ordinary Profit Unexpectedly Revised Upward by 14%

Tue Nov 4, 2025 3:00 pm JST Earnings

7466 SPK CORPORATION 【J-GAAP】

Earnings Report

SPK CORPORATION <7466> [TSE Prime] announced its financial results in the afternoon session on November 4th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 14.0% from the same period last year, reaching 1.95 billion yen, resulting in an increase in profits compared to the previous forecast of a 5.4% decrease.

Progress toward the full-year plan of 3.60 billion yen was 54.2%, also surpassing the five-year average of 46.7%.

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 11.2% from the same period last year to 1.64 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 34.2% from the same period last year, reaching 1.10 billion yen. The operating profit margin improved from 4.5% in the same period last year to 5.5%.

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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 30,869 1,774 1,931 1,321 131.6 57.5 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 33,432 1,565 1,712 1,188 118.2 48.0 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 36,450 1,808 1,952 1,322 131.0 54.2 Nov 4, 2025 J-GAAP
YoY +9.0% +15.5% +14.0% +11.3% +10.8%

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 36,000 1,530 1,620 1,130 111.9 33 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 36,450 1,808 1,952 1,322 131.0 33 Nov 4, 2025 J-GAAP
Revision Rate +1.3% +18.2% +20.5% +17.0% +17.0%

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 35,288 1,746 1,856 1,309 130.0 32 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 37,550 1,592 1,648 1,198 118.7 35 Nov 4, 2025 J-GAAP
YoY +6.4% -8.8% -11.2% -8.5% -8.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 63,302 3,145 3,357 2,392 238.2 50 May 7, 2024 J-GAAP
Mar, 2025 68,720 3,311 3,568 2,497 247.9 60 May 9, 2025 J-GAAP
Mar, 2026 Guidance 74,000 3,400 3,600 2,520 249.6 68 May 9, 2025 J-GAAP
YoY +7.7% +2.7% +0.9% +0.9% +0.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 16,763 761 822 557 55.4 4.5 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 17,238 814 839 548 54.5 4.7 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 18,050 932 1,017 761 75.6 5.2 May 9, 2025 J-GAAP
Apr - Jun, 2025 17,945 798 849 574 56.9 4.4 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 18,505 1,010 1,103 748 74.1 5.5 Nov 4, 2025 J-GAAP
YoY +10.4% +32.7% +34.2% +34.3% +33.8%

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