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MUSASHI, First Half Ordinary Profit Increases by 22%

Tue Nov 11, 2025 3:30 pm JST Earnings

7521 MUSASHI CO.,LTD. 【J-GAAP】

Earnings Report

MUSASHI CO.,LTD. <7521> [TSE Std] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 21.7% from the same period last year, reaching 2.38 billion yen. Progress toward the full-year plan of 2.74 billion yen was 87.1%, also surpassing the five-year average of 49.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop 87.2% from the same period last year to 0.35 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.20 billion yen, a 27.3% decrease compared to the same period last year. However, the operating profit margin drastically improved from 3.5% in the same period last year to 11.8%.

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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 16,779 730 751 498 73.1 66.9 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 16,581 607 1,963 1,506 221.1 41.4 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 19,932 2,359 2,389 1,273 187.0 87.1 Nov 11, 2025 J-GAAP
YoY +20.2% +288.6% +21.7% -15.5% -15.4%

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 19,932 2,339 2,372 1,268 186.1 28 Oct 28, 2025 J-GAAP
Apr - Sep, 2025 Results 19,932 2,359 2,389 1,273 187.0 28 Nov 11, 2025 J-GAAP
Revision Rate 0.0% +0.9% +0.7% +0.4% +0.5%

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 20,810 2,747 2,775 1,926 282.7 30 May 16, 2025 J-GAAP
Oct - Mar, 2025 Guidance 17,441 328 355 195 28.6 18 Nov 11, 2025 J-GAAP
YoY -16.2% -88.1% -87.2% -89.9% -89.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 33,140 1,077 1,123 767 112.7 36 May 17, 2024 J-GAAP
Mar, 2025 37,391 3,354 4,738 3,432 503.8 60 May 16, 2025 J-GAAP
Mar, 2026 Guidance 37,373 2,687 2,744 1,468 215.4 46 Oct 28, 2025 J-GAAP
YoY 0.0% -19.9% -42.1% -57.2% -57.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 8,787 310 1,658 1,327 194.8 3.5 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 11,650 2,228 2,259 1,588 233.1 19.1 Feb 4, 2025 J-GAAP
Jan - Mar, 2025 9,160 519 516 338 49.6 5.7 May 16, 2025 J-GAAP
Apr - Jun, 2025 9,966 1,187 1,184 785 115.3 11.9 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 9,966 1,172 1,205 488 71.7 11.8 Nov 11, 2025 J-GAAP
YoY +13.4% +278.1% -27.3% -63.2% -63.2%

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