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TSUTSUMI JEWELRY, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 8% Increase

Fri Nov 7, 2025 2:00 pm JST Earnings

7937 TSUTSUMI JEWELRY CO.,LTD. 【J-GAAP】

Earnings Report

TSUTSUMI JEWELRY CO.,LTD. <7937> [TSE Std] announced its financial results in the afternoon session on November 7th (14:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 19.4% from the same period last year, reaching 1.22 billion yen.

In addition, the full-year forecast for ordinary profit has been revised upward 14.9%, from the previous forecast of 2.35 billion yen to 2.70 billion yen (compared to 2.50 billion yen in the previous period), turning to a 7.6% increase in the ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to nearly flat at 1.47 billion yen, down 0.5% from the same period last year.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased 58.8% from the same period last year, reaching 0.74 billion yen. The operating profit margin improved from 7.9% in the same period last year to 9.4%.

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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 9,064 474 514 303 19.4 29.6 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 11,317 982 1,024 1,040 66.6 40.8 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 13,667 1,149 1,223 768 49.2 45.3 Nov 7, 2025 J-GAAP
YoY +20.8% +17.0% +19.4% -26.2% -26.2%

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 － 45 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 13,667 1,149 1,223 768 49.2 45 Nov 7, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 25,000 2,200 2,350 1,500 96.0 90 May 9, 2025 J-GAAP
Mar, 2026 New 30,000 2,500 2,700 1,750 112.0 90 Nov 7, 2025 J-GAAP
Revision Rate +20.0% +13.6% +14.9% +16.7% +16.7%

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 13,518 1,428 1,485 946 60.6 45 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 16,333 1,351 1,477 982 62.8 45 Nov 7, 2025 J-GAAP
YoY +20.8% -5.4% -0.5% +3.8% +3.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 19,907 1,671 1,738 1,155 74.0 60 May 9, 2024 J-GAAP
Mar, 2025 24,835 2,410 2,509 1,986 127.1 80 May 9, 2025 J-GAAP
Mar, 2026 Guidance 30,000 2,500 2,700 1,750 112.0 90 Nov 7, 2025 J-GAAP
YoY +20.8% +3.7% +7.6% -11.9% -11.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 5,749 452 469 317 20.3 7.9 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 6,880 778 803 511 32.7 11.3 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 6,638 650 682 435 27.9 9.8 May 9, 2025 J-GAAP
Apr - Jun, 2025 6,131 443 478 307 19.7 7.2 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 7,536 706 745 461 29.5 9.4 Nov 7, 2025 J-GAAP
YoY +31.1% +56.2% +58.8% +45.4% +45.4%

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