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SRE Holdings, First Half Ordinary Profit Decreases by 85%, Jul-Sep Ordinary Profit Decreases by 59%

Tue Nov 11, 2025 3:30 pm JST Earnings

2980 SRE Holdings Corporation 【J-GAAP】

Earnings Report

SRE Holdings Corporation <2980> [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) significantly dropped 84.5% from the same period last year to 0.18 billion yen. Progress toward the full-year plan of 3.65 billion yen was 5.1%, also falling below the five-year average of 31.7%.

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 surge 2.0 times that of the same period last year, reaching 3.46 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 0.15 billion yen, a 59.5% decrease compared to the same period last year. The operating profit margin worsened from 8.6% in the same period last year to 5.6%.

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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 7,500 608 534 368 22.8 25.9 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 10,152 1,289 1,195 663 41.2 41.2 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 8,095 309 185 26 1.6 5.1 Nov 11, 2025 J-GAAP
YoY -20.3% -76.0% -84.5% -96.1% -96.1%

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 ー ー ー ー － 0 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 8,095 309 185 26 1.6 0 Nov 11, 2025 J-GAAP
Revision Rate － － － － －

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 16,538 1,818 1,708 1,034 64.3 15 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 26,905 3,741 3,465 2,194 136.2 18 Nov 11, 2025 J-GAAP
YoY +62.7% +105.8% +102.9% +112.2% +111.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 24,218 2,212 2,058 1,388 85.8 0 May 14, 2024 J-GAAP
Mar, 2025 26,690 3,107 2,903 1,697 105.5 15 May 13, 2025 J-GAAP
Mar, 2026 Guidance 35,000 4,050 3,650 2,220 137.8 18 May 13, 2025 J-GAAP
YoY +31.1% +30.4% +25.7% +30.8% +30.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 5,085 438 380 166 10.3 8.6 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 4,261 155 105 -27 -1.7 3.6 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 12,277 1,663 1,603 1,061 65.9 13.5 May 13, 2025 J-GAAP
Apr - Jun, 2025 4,240 92 31 -19 -1.2 2.2 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 3,855 217 154 45 2.8 5.6 Nov 11, 2025 J-GAAP
YoY -24.2% -50.5% -59.5% -72.9% -72.9%

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