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AWA PAPER, Ordinary Profit Forecast for the Fiscal Year Revised Downward to a Loss

Tue Nov 11, 2025 4:15 pm JST Earnings

3896 AWA PAPER & TECHNOLOGICAL COMPANY, Inc. 【J-GAAP】

Earnings Report

AWA PAPER & TECHNOLOGICAL COMPANY, Inc. <3896> [TSE Std] announced its financial results after the market closed on November 11th (16:15). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded to a loss of 311 million yen (compared to a loss of 52 million yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit/loss has been revised downward from an expected profit of 90 million yen to a loss of 170 million yen (compared to a profit of 279 million yen in the previous period), turning to a loss outlook.

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 significant drop 57.4% from the same period last year to 141 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 82 million yen (compared to a profit of 74 million yen in the same period last year). The operating profit/loss margin drastically worsened from 3.0% in the same period last year to -0.3%.

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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 8,253 95 72 68 6.8 28.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 8,092 -9 -52 -203 -20.4 ー Nov 12, 2024 J-GAAP
Apr - Sep, 2025 8,804 -225 -311 -461 -46.2 ー Nov 11, 2025 J-GAAP
YoY +8.8% -2,400.0% -498.1% -127.1% -127.0%

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 Sep 16, 2025 J-GAAP
Apr - Sep, 2025 Results 8,804 -225 -311 -461 -46.2 0 Nov 11, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 19,400 280 90 700 70.0 － May 13, 2025 J-GAAP
Mar, 2026 New 18,500 40 -170 270 27.0 － Nov 11, 2025 J-GAAP
Revision Rate -4.6% -85.7% － -61.4% -61.4%

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 9,032 441 331 238 24.4 0 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 9,696 265 141 731 73.1 － Nov 11, 2025 J-GAAP
YoY +7.4% -39.9% -57.4% +207.1% +199.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 16,115 354 257 52 5.3 2 May 13, 2024 J-GAAP
Mar, 2025 17,124 432 279 35 3.6 0 May 13, 2025 J-GAAP
Mar, 2026 Guidance 18,500 40 -170 270 27.0 － Nov 11, 2025 J-GAAP
YoY +8.0% -90.7% － +671.4% +651.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 4,401 132 74 -42 -4.2 3.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 4,450 119 85 29 2.9 2.7 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 4,582 322 246 209 21.4 7.0 May 13, 2025 J-GAAP
Apr - Jun, 2025 4,309 -212 -229 -273 -27.4 -4.9 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 4,495 -13 -82 -188 -18.8 -0.3 Nov 11, 2025 J-GAAP
YoY +2.1% － － -347.6% -347.5%

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