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MORIO DENKI, First Half Ordinary Profit Decreases by 15%, Jul-Sep Ordinary Profit Turns to Loss

Fri Nov 7, 2025 2:00 pm JST Earnings

6647 MORIO DENKI CO.,LTD. 【J-GAAP】

Earnings Report

MORIO DENKI CO.,LTD. <6647> [TSE Std] announced its financial results in the afternoon session on November 7th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 15.3% from the same period last year to 94 million yen. Progress toward the full-year plan of 350 million yen was 26.9%, also falling below the five-year average of 32.5%.

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 significant drop 59.6% from the same period last year to 256 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 40 million yen (compared to a profit of 76 million yen in the same period last year). The operating profit/loss margin drastically worsened from 4.0% in the same period last year to -2.5%.

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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 3,771 209 209 137 99.7 61.1 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 4,044 112 111 75 55.2 14.9 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 3,654 86 94 68 51.5 26.9 Nov 7, 2025 J-GAAP
YoY -9.6% -23.2% -15.3% -9.3% -6.6%

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 3,654 86 94 68 51.4 － Nov 4, 2025 J-GAAP
Apr - Sep, 2025 Results 3,654 86 94 68 51.5 － Nov 7, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.3%

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 5,168 623 633 493 362.0 60 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,846 264 256 162 122.4 50 Nov 4, 2025 J-GAAP
YoY -6.2% -57.6% -59.6% -67.1% -66.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,448 342 342 211 154.0 50 May 15, 2024 J-GAAP
Mar, 2025 9,212 735 744 568 417.1 60 May 15, 2025 J-GAAP
Mar, 2026 Guidance 8,500 350 350 230 173.8 50 May 15, 2025 J-GAAP
YoY -7.7% -52.4% -53.0% -59.5% -58.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,111 84 76 48 35.3 4.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 2,218 128 136 85 62.2 5.8 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 2,950 495 497 408 299.6 16.8 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,010 127 134 95 71.4 6.3 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 1,644 -41 -40 -27 -20.5 -2.5 Nov 7, 2025 J-GAAP
YoY -22.1% － － － －

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