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Teikoku Tsushin, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 13%
6763 Teikoku Tsushin Kogyo Co.,Ltd 【J-GAAP】
Earnings ReportTeikoku Tsushin Kogyo Co.,Ltd <6763> [TSE Prime] 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) decreased 16.7% from the same period last year to 0.74 billion yen, resulting in a decrease in profits compared to the previous forecast of a 0.1% increase.
In addition, the full-year forecast for consolidated ordinary profit has decreased 12.5%, from the previous forecast of 1.60 billion yen to 1.40 billion yen (compared to 2.12 billion yen in the previous period), leading to an increase in the profit decline rate from 24.8% to 34.2%.
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 drop 47.0% from the same period last year to 0.65 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 0.58 billion yen. However, the operating profit margin significantly dropped from 13.8% in the same period last year to 8.0%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 7,830 | 664 | 1,182 | 909 | 93.2 | 75.8 | Nov 10, 2023 | J-GAAP |
| Apr - Sep, 2024 | 7,968 | 876 | 899 | 699 | 73.4 | 42.3 | Nov 8, 2024 | J-GAAP |
| Apr - Sep, 2025 | 8,494 | 656 | 749 | 446 | 47.4 | 53.5 | Nov 11, 2025 | J-GAAP |
| YoY | +6.6% | -25.1% | -16.7% | -36.2% | -35.4% |
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 | 9,000 | 800 | 900 | 700 | 74.5 | 50 | May 13, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 8,494 | 656 | 749 | 446 | 47.4 | 50 | Nov 11, 2025 | J-GAAP |
| Revision Rate | -5.6% | -18.0% | -16.8% | -36.3% | -36.4% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 17,000 | 1,500 | 1,600 | 1,300 | 139.8 | 100 | May 13, 2025 | J-GAAP |
| Mar, 2026 New | 16,800 | 1,300 | 1,400 | 1,200 | 129.0 | 100 | Nov 11, 2025 | J-GAAP |
| Revision Rate | -1.2% | -13.3% | -12.5% | -7.7% | -7.7% |
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 | 8,822 | 787 | 1,228 | 1,310 | 138.2 | 50 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 8,306 | 644 | 651 | 754 | 81.1 | 50 | Nov 11, 2025 | J-GAAP |
| YoY | -5.8% | -18.2% | -47.0% | -42.4% | -41.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 15,223 | 947 | 1,559 | 1,362 | 141.1 | 70 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 16,790 | 1,663 | 2,127 | 2,009 | 212.0 | 100 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 16,800 | 1,300 | 1,400 | 1,200 | 129.0 | 100 | Nov 11, 2025 | J-GAAP |
| YoY | +0.1% | -21.8% | -34.2% | -40.3% | -39.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 4,342 | 601 | 239 | 205 | 21.5 | 13.8 | Nov 8, 2024 | J-GAAP |
| Oct - Dec, 2024 | 4,617 | 560 | 986 | 693 | 73.0 | 12.1 | Feb 14, 2025 | J-GAAP |
| Jan - Mar, 2025 | 4,205 | 227 | 242 | 617 | 65.1 | 5.4 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 3,976 | 293 | 168 | 168 | 17.9 | 7.4 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 4,518 | 363 | 581 | 278 | 29.6 | 8.0 | Nov 11, 2025 | J-GAAP |
| YoY | +4.1% | -39.6% | +143.1% | +35.6% | +37.3% |
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