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AOYAMA TRADING, First Half Ordinary Profit Decreases by 43%, Jul-Sep Ordinary Profit Loss Widens

Tue Nov 11, 2025 4:00 pm JST Earnings

8219 AOYAMA TRADING Co., Ltd. 【J-GAAP】

Earnings Report

AOYAMA TRADING Co., Ltd. <8219> [TSE Prime] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 42.7% from the same period last year to 0.29 billion yen. Progress toward the full-year plan of 14.0 billion yen was 2.1%, almost the same as the same period of the previous year of 4.1%.

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 grow 13.2% from the same period last year, reaching 13.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 1.23 billion yen (compared to a loss of 1.21 billion yen in the same period last year). The operating profit/loss margin worsened from -2.7% in the same period last year to -3.4%.

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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 83,013 1,399 1,797 463 9.3 14.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 84,504 646 518 -630 -12.7 4.1 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 81,973 77 297 -856 -17.7 2.1 Nov 11, 2025 J-GAAP
YoY -3.0% -88.1% -42.7% -35.9% -39.5%

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 84,900 0 0 -1,200 -24.7 55 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 81,973 77 297 -856 -17.7 55 Nov 11, 2025 J-GAAP
Revision Rate -3.4% － － +28.7% +28.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 199,800 14,000 14,000 9,500 195.6 136 May 13, 2025 J-GAAP
Mar, 2026 New 197,000 14,000 14,000 9,500 195.6 136 Nov 11, 2025 J-GAAP
Revision Rate -1.4% 0.0% 0.0% 0.0% 0.0%

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 111,210 11,927 12,110 10,027 203.1 104 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 115,027 13,923 13,703 10,356 213.3 81 Nov 11, 2025 J-GAAP
YoY +3.4% +16.7% +13.2% +3.3% +5.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 193,687 11,918 12,503 10,089 202.4 65 May 10, 2024 J-GAAP
Mar, 2025 195,714 12,573 12,628 9,397 190.3 134 May 13, 2025 J-GAAP
Mar, 2026 Guidance 197,000 14,000 14,000 9,500 195.6 136 Nov 11, 2025 J-GAAP
YoY +0.7% +11.3% +10.9% +1.1% +2.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 39,295 -1,049 -1,214 -1,430 -28.7 -2.7 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 47,909 3,163 3,482 2,303 46.4 6.6 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 63,301 8,764 8,628 7,724 156.4 13.8 May 13, 2025 J-GAAP
Apr - Jun, 2025 43,657 1,369 1,534 641 13.2 3.1 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 38,316 -1,292 -1,237 -1,497 -30.9 -3.4 Nov 11, 2025 J-GAAP
YoY -2.5% -23.2% -1.9% -4.7% -7.5%

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