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REGAL, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 58% Decrease

Mon Nov 10, 2025 3:30 pm JST Earnings

7938 REGAL CORPORATION 【J-GAAP】

Earnings Report

REGAL CORPORATION <7938> [TSE Std] announced its financial results after the market closed on November 10th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded to a loss of 439 million yen (compared to a loss of 110 million yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit has decreased 58.0%, from the previous forecast of 500 million yen to 210 million yen (compared to 497 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 57.7% decrease in profit. However, the full-year forecast for consolidated net income has been revised upward 5.3%, from the previous forecast of 760 million yen to 800 million yen (compared to 700 million yen in the previous period), increasing the growth rate from 8.6% to 14.3%.

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 grow 6.9% from the same period last year, reaching 649 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 467 million yen (compared to a loss of 334 million yen in the same period last year). The operating profit/loss margin worsened from -6.5% in the same period last year to -8.8%.

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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 10,184 -319 -245 -190 -59.6 ー Nov 7, 2023 J-GAAP
Apr - Sep, 2024 10,300 -231 -110 -70 -22.1 ー Nov 8, 2024 J-GAAP
Apr - Sep, 2025 9,905 -624 -439 -319 -102.9 ー Nov 10, 2025 J-GAAP
YoY -3.8% -170.1% -299.1% -355.7% -366.7%

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 ー ー ー ー － 0 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 9,905 -624 -439 -319 -102.9 0 Nov 10, 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 24,300 500 500 760 252.3 75 May 12, 2025 J-GAAP
Mar, 2026 New 22,900 50 210 800 265.6 75 Nov 10, 2025 J-GAAP
Revision Rate -5.8% -90.0% -58.0% +5.3% +5.3%

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 13,258 628 607 770 241.4 75 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 12,995 674 649 1,119 371.5 75 Nov 10, 2025 J-GAAP
YoY -2.0% +7.3% +6.9% +45.3% +53.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 23,731 518 536 427 133.9 68 May 13, 2024 J-GAAP
Mar, 2025 23,558 397 497 700 219.4 75 May 12, 2025 J-GAAP
Mar, 2026 Guidance 22,900 50 210 800 265.6 75 Nov 10, 2025 J-GAAP
YoY -2.8% -87.4% -57.7% +14.3% +21.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 5,107 -334 -334 -279 -87.9 -6.5 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 6,235 208 160 169 53.1 3.3 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 7,023 420 447 601 188.4 6.0 May 12, 2025 J-GAAP
Apr - Jun, 2025 5,114 -201 28 25 8.0 -3.9 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 4,791 -423 -467 -344 -111.0 -8.8 Nov 10, 2025 J-GAAP
YoY -6.2% -26.6% -39.8% -23.3% -26.3%

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