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ZAOH COMPANY, First Half Ordinary Profit Increases by 68%, Jul-Sep Ordinary Profit Increases by 48%

Tue Nov 11, 2025 3:00 pm JST Earnings

9986 ZAOH COMPANY, LTD. 【J-GAAP】

Earnings Report

ZAOH COMPANY, LTD. <9986> [TSE Std] announced its financial results in the afternoon session on November 11th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 0.40 billion yen, an increase 68.5% compared to the same period last year. However, Progress toward the full-year plan of 1.12 billion yen was 36.1%, almost the same as the five-year average of 38.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow 4.5% from the same period last year, reaching 0.71 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased 47.7% from the same period last year, reaching 0.22 billion yen. The operating profit margin significantly improved from 7.5% in the same period last year to 10.7%.

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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 4,174 473 481 314 57.0 39.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 3,644 245 241 153 28.3 25.9 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 3,999 392 406 266 49.0 36.1 Nov 11, 2025 J-GAAP
YoY +9.7% +60.0% +68.5% +73.9% +73.4%

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 4,302 387 396 260 47.8 50 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 3,999 392 406 266 49.0 50 Nov 11, 2025 J-GAAP
Revision Rate -7.0% +1.3% +2.5% +2.3% +2.5%

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 4,805 666 688 463 85.3 50 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 5,301 714 719 474 87.2 50 Nov 11, 2025 J-GAAP
YoY +10.3% +7.2% +4.5% +2.4% +2.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 9,425 1,210 1,234 1,017 185.7 100 May 10, 2024 J-GAAP
Mar, 2025 8,449 911 929 616 113.5 100 May 12, 2025 J-GAAP
Mar, 2026 Guidance 9,300 1,106 1,125 740 136.1 100 May 12, 2025 J-GAAP
YoY +10.1% +21.4% +21.1% +20.1% +19.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,856 139 149 98 18.1 7.5 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 2,504 324 342 228 42.0 12.9 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 2,301 342 346 235 43.3 14.9 May 12, 2025 J-GAAP
Apr - Jun, 2025 2,005 179 186 121 22.4 8.9 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 1,994 213 220 145 26.7 10.7 Nov 11, 2025 J-GAAP
YoY +7.4% +53.2% +47.7% +48.0% +47.6%

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