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HIKARI TSUSHIN, Net Income Forecast for the Fiscal Year Revised Upward by 15%, Dividend Revised Upward by 12 Yen

Tue Nov 11, 2025 12:00 pm JST Earnings

9435 HIKARI TSUSHIN,INC. 【IFRS】

Earnings Report

HIKARI TSUSHIN,INC. <9435> [TSE Prime] announced its financial results (based on IFRS) at noon (12:00) on November 11th. The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 70.3 billion yen, an increase 45.9% compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 15.0%, from the previous forecast of 100 billion yen to 115 billion yen (compared to 117 billion yen in the previous period), and the declining rate is expected to decrease from 14.9% to 2.1%.

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 drop 35.6% from the same period last year to 44.6 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 724 yen to 736 yen (compared to 661 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net income surged 18 times that of the same period last year, reaching 42.1 billion yen. However, the operating profit margin decreased from 16.8% in the same period last year to 15.5%.

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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 296,479 48,491 87,219 61,761 1,386.4 51.9 Nov 13, 2023 IFRS
Apr - Sep, 2024 325,783 57,421 69,139 48,203 1,092.5 45.9 Nov 12, 2024 IFRS
Apr - Sep, 2025 361,695 57,590 88,201 70,328 1,602.1 ー Nov 11, 2025 IFRS
YoY +11.0% +0.3% +27.6% +45.9% +46.6%

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 ー ー ー ー － 362 Aug 13, 2025 IFRS
Apr - Sep, 2025 Results 361,695 57,590 88,201 70,328 1,602.1 366 Nov 11, 2025 IFRS
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 760,000 115,000 ー 100,000 2,273.1 724 Aug 13, 2025 IFRS
Mar, 2026 New 760,000 115,000 ー 115,000 2,614.0 736 Nov 11, 2025 IFRS
Revision Rate 0.0% 0.0% － +15.0% +15.0%

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 360,770 47,615 81,579 69,320 1,575.6 344 May 14, 2025 IFRS
Oct - Mar, 2025 Guidance 398,305 57,410 ー 44,672 1,015.4 370 Nov 11, 2025 IFRS
YoY +10.4% +20.6% － -35.6% -35.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 601,948 94,546 168,000 122,225 2,753.5 638 May 15, 2024 IFRS
Mar, 2025 686,553 105,036 150,718 117,523 2,671.2 661 May 14, 2025 IFRS
Mar, 2026 Guidance 760,000 115,000 ー 115,000 2,614.0 736 Nov 11, 2025 IFRS
YoY +10.7% +9.5% － -2.1% -2.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 179,629 30,205 3,371 2,304 52.2 16.8 Nov 12, 2024 IFRS
Oct - Dec, 2024 173,031 29,160 74,945 54,581 1,239.3 16.9 Feb 12, 2025 IFRS
Jan - Mar, 2025 187,739 18,455 6,634 14,739 335.0 9.8 May 14, 2025 IFRS
Apr - Jun, 2025 167,172 27,503 35,548 28,168 641.8 16.5 Aug 13, 2025 IFRS
Jul - Sep, 2025 194,523 30,087 52,653 42,160 960.4 15.5 Nov 11, 2025 IFRS
YoY +8.3% -0.4% +1,461.9% +1,729.9% +1,739.2%

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