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SHIP HEALTHCARE, First Half Ordinary Profit Increases by 4%, Jul-Sep Ordinary Profit Increases by 43%

Tue Nov 11, 2025 3:30 pm JST Earnings

3360 SHIP HEALTHCARE HOLDINGS, INC. 【J-GAAP】

Earnings Report

SHIP HEALTHCARE HOLDINGS, INC. <3360> [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) increased 3.7% from the same period last year, reaching 8.72 billion yen. However, Progress toward the full-year plan of 26.5 billion yen was 32.9%, also falling below the five-year average of 36.3%.

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 nearly flat at 17.7 billion yen, up 1.0% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 43.3% from the same period last year, reaching 5.62 billion yen. The operating profit margin improved from 2.7% in the same period last year to 3.1%.

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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 296,771 9,238 10,116 3,686 39.1 40.1 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 310,032 7,743 8,414 5,539 58.7 32.3 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 333,385 8,179 8,722 5,432 58.0 32.9 Nov 11, 2025 J-GAAP
YoY +7.5% +5.6% +3.7% -1.9% -1.2%

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 315,000 8,000 8,500 5,500 59.3 0 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 333,385 8,179 8,722 5,432 58.0 0 Nov 11, 2025 J-GAAP
Revision Rate +5.8% +2.2% +2.6% -1.2% -2.2%

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 368,197 17,036 17,609 9,589 101.6 58 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 366,615 17,821 17,778 10,068 109.4 60 Nov 11, 2025 J-GAAP
YoY -0.4% +4.6% +1.0% +5.0% +7.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 630,988 24,539 25,219 13,799 146.3 50 May 10, 2024 J-GAAP
Mar, 2025 678,229 24,779 26,023 15,128 160.3 58 May 13, 2025 J-GAAP
Mar, 2026 Guidance 700,000 26,000 26,500 15,500 168.4 60 May 13, 2025 J-GAAP
YoY +3.2% +4.9% +1.8% +2.5% +5.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 154,813 4,236 3,923 2,458 26.1 2.7 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 182,240 7,378 8,131 4,978 52.8 4.0 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 185,957 9,658 9,478 4,611 48.9 5.2 May 13, 2025 J-GAAP
Apr - Jun, 2025 163,310 2,953 3,099 2,030 21.5 1.8 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 170,075 5,226 5,623 3,402 36.3 3.1 Nov 11, 2025 J-GAAP
YoY +9.9% +23.4% +43.3% +38.4% +39.4%

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