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SG HOLDINGS, Net Income Forecast for the Fiscal Year Revised Upward to an Unexpected 2% Increase

Fri Nov 7, 2025 3:30 pm JST Earnings

9143 SG HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

SG HOLDINGS CO.,LTD. <9143> [TSE Prime] announced its financial results after the market closed on November 7th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 8.8% from the same period last year to 23.2 billion yen.

However, the full-year forecast for consolidated net income has been revised upward 3.5%, from the previous forecast of 57.0 billion yen to 59.0 billion yen (compared to 58.1 billion yen in the previous period), turning to a 1.5% increase in the consolidated net income outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow 9.6% from the same period last year, reaching 35.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income amounted to 13.0 billion yen, an increase of 0.02% compared to the same period last year. However, the operating profit margin remained almost flat, changing from 5.3% in the same period last year to 5.1%.

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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 643,378 38,868 39,439 25,481 40.6 43.4 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 708,029 39,127 38,740 25,491 40.8 43.6 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 782,582 38,546 38,120 23,242 38.4 42.4 Nov 7, 2025 J-GAAP
YoY +10.5% -1.5% -1.6% -8.8% -5.7%

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 793,500 37,000 36,500 21,000 34.6 26 Aug 8, 2025 J-GAAP
Apr - Sep, 2025 Results 782,582 38,546 38,120 23,242 38.4 26 Nov 7, 2025 J-GAAP
Revision Rate -1.4% +4.2% +4.4% +10.7% +11.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,653,000 92,000 90,000 57,000 95.1 53 Aug 8, 2025 J-GAAP
Mar, 2026 New 1,635,000 92,000 90,000 59,000 98.5 53 Nov 7, 2025 J-GAAP
Revision Rate -1.1% 0.0% 0.0% +3.5% +3.5%

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 771,210 48,720 50,127 32,629 52.2 26 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 852,418 53,454 51,880 35,758 59.7 27 Nov 7, 2025 J-GAAP
YoY +10.5% +9.7% +3.5% +9.6% +14.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,316,940 89,204 90,850 58,279 93.0 51 Apr 30, 2024 J-GAAP
Mar, 2025 1,479,239 87,847 88,867 58,120 92.9 52 May 9, 2025 J-GAAP
Mar, 2026 Guidance 1,635,000 92,000 90,000 59,000 98.5 53 Nov 7, 2025 J-GAAP
YoY +10.5% +4.7% +1.3% +1.5% +6.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 373,502 19,623 19,259 13,090 20.9 5.3 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 410,800 37,528 38,557 25,901 41.4 9.1 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 360,410 11,192 11,570 6,728 10.8 3.1 May 9, 2025 J-GAAP
Apr - Jun, 2025 367,404 17,454 17,878 10,150 16.7 4.8 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 415,178 21,092 20,242 13,092 21.7 5.1 Nov 7, 2025 J-GAAP
YoY +11.2% +7.5% +5.1% +0.0% +3.4%

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