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Shindengen Electric Manufacturing, First Half Ordinary Profit Turns to Profit

Mon Nov 10, 2025 3:30 pm JST Earnings

6844 Shindengen Electric Manufacturing Co.,Ltd. 【J-GAAP】

Earnings Report

Shindengen Electric Manufacturing Co.,Ltd. <6844> [TSE Prime] announced its financial results after the market closed on November 10th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a profit of 2.46 billion yen (compared to a loss of 0.29 billion yen in the same period last year), exceeded the previous forecast of 1.90 billion yen.

Progress toward the full-year plan of 3.30 billion yen was 74.7%, also surpassing the five-year average of 50.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 0.83 billion yen (compared to a loss of 0.22 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of 1.02 billion yen (compared to a loss of 0.80 billion yen in the same period last year). The operating profit margin improved from 1.0% in the same period last year to 3.2%.

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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 49,602 406 673 -958 -93.0 40.5 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 50,563 366 -298 -1,089 -105.6 ー Nov 8, 2024 J-GAAP
Apr - Sep, 2025 54,247 2,318 2,465 2,430 235.5 74.7 Nov 10, 2025 J-GAAP
YoY +7.3% +533.3% － － －

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 54,400 1,900 1,900 1,900 184.1 0 Aug 8, 2025 J-GAAP
Apr - Sep, 2025 Results 54,247 2,318 2,465 2,430 235.5 0 Nov 10, 2025 J-GAAP
Revision Rate -0.3% +22.0% +29.7% +27.9% +27.9%

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 55,267 -238 -225 -1,347 -130.6 65 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 55,753 982 835 670 64.9 65 Nov 10, 2025 J-GAAP
YoY +0.9% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 102,261 1,278 1,660 -712 -69.1 130 May 14, 2024 J-GAAP
Mar, 2025 105,830 128 -523 -2,436 -236.2 65 May 14, 2025 J-GAAP
Mar, 2026 Guidance 110,000 3,300 3,300 3,100 300.4 65 Aug 8, 2025 J-GAAP
YoY +3.9% +2,478.1% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 25,612 254 -803 -1,313 -127.4 1.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 27,048 392 866 433 42.0 1.4 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 28,219 -630 -1,091 -1,780 -172.6 -2.2 May 14, 2025 J-GAAP
Apr - Jun, 2025 27,185 1,454 1,445 1,451 140.7 5.3 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 27,062 864 1,020 979 94.9 3.2 Nov 10, 2025 J-GAAP
YoY +5.7% +240.2% － － －

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