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SAWAFUJI ELECTRIC, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 24%

Fri Nov 7, 2025 4:00 pm JST Earnings

6901 SAWAFUJI ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

SAWAFUJI ELECTRIC CO.,LTD. <6901> [TSE Std] announced its financial results after the market closed on November 7th (16:00). 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 438 million yen (compared to a profit of 164 million yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit has decreased 23.8%, from the previous forecast of 630 million yen to 480 million yen (compared to 214 million yen in the previous period), leading to a reduction in the profit growth rate from 2.9 times to 2.2 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge 18 times that of the same period last year, reaching 918 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 234 million yen (compared to a loss of 109 million yen in the same period last year). The operating profit/loss margin drastically worsened from -0.9% in the same period last year to -4.1%.

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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 13,021 479 577 374 86.8 73.1 Nov 3, 2023 J-GAAP
Apr - Sep, 2024 11,590 44 164 64 15.0 76.6 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 10,952 -526 -438 -431 -99.9 ー Nov 7, 2025 J-GAAP
YoY -5.5% － － － －

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 － 16 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 10,952 -526 -438 -431 -99.9 16 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 27,500 540 630 380 88.1 32 May 9, 2025 J-GAAP
Mar, 2026 New 25,000 350 480 270 62.6 32 Nov 7, 2025 J-GAAP
Revision Rate -9.1% -35.2% -23.8% -28.9% -29.0%

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 12,011 32 50 183 42.6 16 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 14,048 876 918 701 162.5 16 Nov 7, 2025 J-GAAP
YoY +17.0% +2,637.5% +1,736.0% +283.1% +281.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 26,742 563 789 517 120.0 32 May 10, 2024 J-GAAP
Mar, 2025 23,601 76 214 247 57.4 32 May 9, 2025 J-GAAP
Mar, 2026 Guidance 25,000 350 480 270 62.6 32 Nov 7, 2025 J-GAAP
YoY +5.9% +360.5% +124.3% +9.3% +9.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 5,641 -48 -109 -79 -18.5 -0.9 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 5,596 -228 -155 -127 -29.5 -4.1 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 6,415 260 205 310 72.1 4.1 May 9, 2025 J-GAAP
Apr - Jun, 2025 5,392 -298 -204 -209 -48.5 -5.5 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 5,560 -228 -234 -222 -51.5 -4.1 Nov 7, 2025 J-GAAP
YoY -1.4% -375.0% -114.7% -181.0% -178.4%

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