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SATO SHOJI, First Half Ordinary Profit Increases by 16%, Jul-Sep Ordinary Profit Increases by 10%
8065 SATO SHO-JI CORPORATION 【J-GAAP】
Earnings ReportSATO SHOJI CORPORATION <8065> [TSE Prime] announced its financial results in the afternoon session on November 6th (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 15.6% from the same period last year, reaching 3.52 billion yen. Progress toward the full-year plan of 7.20 billion yen was 48.9%, exceeding the five-year average of 40.5%.
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 3.68 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 10.4% from the same period last year, reaching 1.64 billion yen. The operating profit margin remained almost flat, changing from 2.2% in the same period last year to 2.3%.
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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 | 135,511 | 2,839 | 3,123 | 2,786 | 132.0 | 42.8 | Nov 7, 2023 | J-GAAP |
| Apr - Sep, 2024 | 139,794 | 2,775 | 3,045 | 2,826 | 134.2 | 42.3 | Nov 6, 2024 | J-GAAP |
| Apr - Sep, 2025 | 142,373 | 3,229 | 3,520 | 2,930 | 139.4 | 48.9 | Nov 6, 2025 | J-GAAP |
| YoY | +1.8% | +16.4% | +15.6% | +3.7% | +3.9% |
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 | 139,500 | 2,950 | 3,200 | 2,700 | 128.2 | 38 | May 8, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 142,373 | 3,229 | 3,520 | 2,930 | 139.4 | 38 | Nov 6, 2025 | J-GAAP |
| Revision Rate | +2.1% | +9.5% | +10.0% | +8.5% | +8.7% |
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 | 144,758 | 4,042 | 4,146 | 3,189 | 151.6 | 42 | May 8, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 147,627 | 3,571 | 3,680 | 2,670 | 128.9 | 38 | Nov 6, 2025 | J-GAAP |
| YoY | +2.0% | -11.7% | -11.2% | -16.3% | -14.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 273,975 | 6,479 | 7,293 | 6,478 | 306.9 | 73 | May 8, 2024 | J-GAAP |
| Mar, 2025 | 284,552 | 6,817 | 7,191 | 6,015 | 285.9 | 76 | May 8, 2025 | J-GAAP |
| Mar, 2026 Guidance | 290,000 | 6,800 | 7,200 | 5,600 | 270.4 | 76 | May 8, 2025 | J-GAAP |
| YoY | +1.9% | -0.2% | +0.1% | -6.9% | -5.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 71,224 | 1,581 | 1,494 | 1,133 | 53.8 | 2.2 | Nov 6, 2024 | J-GAAP |
| Oct - Dec, 2024 | 75,094 | 2,085 | 2,296 | 1,652 | 78.5 | 2.8 | Feb 4, 2025 | J-GAAP |
| Jan - Mar, 2025 | 69,664 | 1,957 | 1,850 | 1,537 | 73.1 | 2.8 | May 8, 2025 | J-GAAP |
| Apr - Jun, 2025 | 70,329 | 1,587 | 1,871 | 1,726 | 82.2 | 2.3 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 72,044 | 1,642 | 1,649 | 1,204 | 57.3 | 2.3 | Nov 6, 2025 | J-GAAP |
| YoY | +1.2% | +3.9% | +10.4% | +6.3% | +6.4% |
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