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ZENSHO HOLDINGS, Jul-Sep (2Q) Ordinary Profit Increases by 7%
7550 ZENSHO HOLDINGS CO.,LTD. 【J-GAAP】
Earnings ReportZENSHO HOLDINGS CO.,LTD. <7550> [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) was 39.2 billion yen, a 0.4% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 4.2% decrease.
Progress toward the full-year plan of 77.4 billion yen was 50.7%, also surpassing the five-year average of 46.3%.
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 grow 16.3% from the same period last year, reaching 38.1 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 7.4% from the same period last year, reaching 23.7 billion yen. However, the operating profit margin worsened from 8.2% in the same period last year to 7.7%.
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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 | 452,610 | 25,477 | 24,503 | 15,797 | 104.2 | 48.1 | Nov 10, 2023 | J-GAAP |
| Apr - Sep, 2024 | 557,765 | 41,129 | 39,103 | 24,871 | 153.6 | 54.4 | Nov 12, 2024 | J-GAAP |
| Apr - Sep, 2025 | 612,941 | 40,437 | 39,277 | 23,255 | 143.3 | 50.7 | Nov 11, 2025 | J-GAAP |
| YoY | +9.9% | -1.7% | +0.4% | -6.5% | -6.7% |
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 | 595,755 | 39,680 | 37,461 | 21,655 | 138.2 | 35 | May 13, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 612,941 | 40,437 | 39,277 | 23,255 | 143.3 | 35 | Nov 11, 2025 | J-GAAP |
| Revision Rate | +2.9% | +1.9% | +4.8% | +7.4% | +3.6% |
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 | 578,919 | 33,999 | 32,787 | 14,419 | 88.2 | 35 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 610,559 | 41,563 | 38,123 | 19,245 | 118.3 | 35 | Nov 11, 2025 | J-GAAP |
| YoY | +5.5% | +22.2% | +16.3% | +33.5% | +34.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 965,778 | 53,707 | 50,913 | 30,693 | 195.4 | 50 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 1,136,684 | 75,128 | 71,890 | 39,290 | 240.5 | 70 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 1,223,500 | 82,000 | 77,400 | 42,500 | 261.3 | 70 | May 13, 2025 | J-GAAP |
| YoY | +7.6% | +9.1% | +7.7% | +8.2% | +8.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 291,182 | 23,882 | 22,080 | 14,075 | 86.9 | 8.2 | Nov 12, 2024 | J-GAAP |
| Oct - Dec, 2024 | 288,995 | 16,965 | 16,143 | 9,231 | 56.8 | 5.9 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 289,924 | 17,034 | 16,644 | 5,188 | 31.8 | 5.9 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 290,421 | 15,754 | 15,570 | 8,020 | 48.6 | 5.4 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 322,520 | 24,683 | 23,707 | 15,235 | 93.9 | 7.7 | Nov 11, 2025 | J-GAAP |
| YoY | +10.8% | +3.4% | +7.4% | +8.2% | +8.0% |
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