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S E, First Half Ordinary Profit Turns to Loss, Jul-Sep Ordinary Profit Decreases by 88%

Fri Nov 7, 2025 12:00 pm JST Earnings

3423 S E Corporation 【J-GAAP】

Earnings Report

S E Corporation <3423> [TSE Std] announced its financial results at noon (12:00) on November 7th. The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a loss of 22 million yen (compared to a profit of 323 million yen in the same period last year).

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 18.1% from the same period last year to 460 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 42 million yen, an 87.6% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.0% in the same period last year to 0.8%.

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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 12,395 520 515 308 10.2 37.5 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 11,853 288 323 184 6.1 36.5 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 10,801 -43 -22 -56 -1.9 ー Nov 7, 2025 J-GAAP
YoY -8.9% － － － －

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 ー ー ー ー － 0 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 10,801 -43 -22 -56 -1.9 0 Nov 7, 2025 J-GAAP
Revision Rate － － － － －

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 14,034 561 562 359 11.9 13 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 15,699 515 460 113 3.8 13 Nov 7, 2025 J-GAAP
YoY +11.9% -8.2% -18.1% -68.5% -68.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 26,474 1,364 1,373 969 32.1 13 May 10, 2024 J-GAAP
Mar, 2025 25,887 849 885 543 18.0 13 May 9, 2025 J-GAAP
Mar, 2026 Guidance 26,500 472 438 57 1.9 13 May 9, 2025 J-GAAP
YoY +2.4% -44.4% -50.5% -89.5% -89.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 6,202 307 338 217 7.2 5.0 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 6,636 327 305 194 6.4 4.9 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 7,398 234 257 165 5.5 3.2 May 9, 2025 J-GAAP
Apr - Jun, 2025 5,161 -89 -64 -72 -2.4 -1.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 5,640 46 42 16 0.5 0.8 Nov 7, 2025 J-GAAP
YoY -9.1% -85.0% -87.6% -92.6% -92.5%

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