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EDION, First Half Ordinary Profit Revised Downward to an Unexpected 4%Decrease
2730 EDION Corporation 【J-GAAP】
Earnings ReportEDION Corporation <2730> [TSE Prime] announced its financial results at noon (11:30) on November 6th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 4.5% from the same period last year to 14.3 billion yen, resulting in a decrease in profits compared to the previous forecast of a 6.5% increase.
Progress toward the full-year plan of 26.0 billion yen was 55.2%, almost the same as the five-year average of 58.0%.
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 grow 24.9% from the same period last year, reaching 11.6 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 9.41 billion yen, a 17.3% decrease compared to the same period last year. The operating profit margin worsened from 5.4% in the same period last year to 4.5%.
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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 | 352,577 | 10,779 | 11,052 | 7,216 | 73.3 | 63.7 | Nov 2, 2023 | J-GAAP |
| Apr - Sep, 2024 | 380,500 | 14,498 | 15,027 | 10,031 | 95.4 | 61.7 | Nov 1, 2024 | J-GAAP |
| Apr - Sep, 2025 | 385,668 | 13,787 | 14,353 | 9,336 | 88.5 | 55.2 | Nov 6, 2025 | J-GAAP |
| YoY | +1.4% | -4.9% | -4.5% | -6.9% | -7.1% |
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 | 390,000 | 15,000 | 16,000 | 10,200 | 96.5 | 23 | May 9, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 385,668 | 13,787 | 14,353 | 9,336 | 88.5 | 23 | Nov 6, 2025 | J-GAAP |
| Revision Rate | -1.1% | -8.1% | -10.3% | -8.5% | -8.2% |
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 | 387,629 | 8,896 | 9,323 | 4,087 | 38.9 | 24 | May 9, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 404,332 | 11,213 | 11,647 | 5,164 | 48.8 | 24 | Nov 6, 2025 | J-GAAP |
| YoY | +4.3% | +26.0% | +24.9% | +26.4% | +25.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 721,085 | 16,929 | 17,339 | 9,021 | 90.1 | 45 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 768,129 | 23,394 | 24,350 | 14,118 | 134.3 | 47 | May 9, 2025 | J-GAAP |
| Mar, 2026 Guidance | 790,000 | 25,000 | 26,000 | 14,500 | 137.1 | 47 | May 9, 2025 | J-GAAP |
| YoY | +2.8% | +6.9% | +6.8% | +2.7% | +2.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 206,043 | 11,156 | 11,380 | 7,751 | 73.7 | 5.4 | Nov 1, 2024 | J-GAAP |
| Oct - Dec, 2024 | 192,080 | 3,373 | 3,480 | 2,211 | 21.0 | 1.8 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 195,549 | 5,523 | 5,843 | 1,876 | 17.9 | 2.8 | May 9, 2025 | J-GAAP |
| Apr - Jun, 2025 | 183,395 | 4,734 | 4,938 | 3,202 | 30.4 | 2.6 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 202,273 | 9,053 | 9,415 | 6,134 | 58.2 | 4.5 | Nov 6, 2025 | J-GAAP |
| YoY | -1.8% | -18.9% | -17.3% | -20.9% | -21.1% |
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