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WIN-Partners, First Half Ordinary Profit Increases by 19%, Jul-Sep Ordinary Profit Increases by 17%
3183 WIN-Partners Co., Ltd. 【J-GAAP】
Earnings ReportWIN-Partners Co., Ltd. <3183> [TSE Prime] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 18.6% from the same period last year, reaching 1.48 billion yen. Progress toward the full-year plan of 3.03 billion yen was 49.0%, exceeding the five-year average of 41.0%.
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 2.5% from the same period last year to 1.54 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 16.9% from the same period last year, reaching 0.77 billion yen. The operating profit margin remained almost flat, changing from 3.4% in the same period last year to 3.5%.
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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 | 35,179 | 967 | 972 | 702 | 24.7 | 36.7 | Nov 8, 2023 | J-GAAP |
| Apr - Sep, 2024 | 38,953 | 1,247 | 1,251 | 846 | 29.6 | 44.1 | Nov 5, 2024 | J-GAAP |
| Apr - Sep, 2025 | 43,738 | 1,466 | 1,484 | 1,012 | 36.1 | 49.0 | Nov 5, 2025 | J-GAAP |
| YoY | +12.3% | +17.6% | +18.6% | +19.6% | +21.9% |
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 | 40,800 | 1,310 | 1,330 | 900 | 32.4 | 0 | May 15, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 43,738 | 1,466 | 1,484 | 1,012 | 36.1 | 0 | Nov 5, 2025 | J-GAAP |
| Revision Rate | +7.2% | +11.9% | +11.6% | +12.4% | +11.5% |
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 | 42,457 | 1,561 | 1,586 | 1,173 | 40.9 | 52 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 39,762 | 1,534 | 1,546 | 1,038 | 37.4 | 53 | Nov 5, 2025 | J-GAAP |
| YoY | -6.3% | -1.7% | -2.5% | -11.5% | -8.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 77,064 | 2,626 | 2,649 | 1,835 | 64.4 | 50 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 81,410 | 2,808 | 2,837 | 2,019 | 70.5 | 52 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 83,500 | 3,000 | 3,030 | 2,050 | 73.8 | 53 | May 15, 2025 | J-GAAP |
| YoY | +2.6% | +6.8% | +6.8% | +1.5% | +4.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 19,350 | 661 | 664 | 450 | 15.8 | 3.4 | Nov 5, 2024 | J-GAAP |
| Oct - Dec, 2024 | 21,486 | 816 | 830 | 564 | 19.7 | 3.8 | Feb 6, 2025 | J-GAAP |
| Jan - Mar, 2025 | 20,971 | 745 | 756 | 609 | 21.3 | 3.6 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 22,085 | 701 | 708 | 480 | 17.0 | 3.2 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 21,653 | 765 | 776 | 532 | 19.0 | 3.5 | Nov 5, 2025 | J-GAAP |
| YoY | +11.9% | +15.7% | +16.9% | +18.2% | +20.4% |
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