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TSURUMI MANUFACTURING, Jul-Sep (2Q) Ordinary Profit Turns to Profit

Wed Nov 12, 2025 2:00 pm JST Earnings

6351 TSURUMI MANUFACTURING CO.,LTD. 【J-GAAP】

Earnings Report

TSURUMI MANUFACTURING CO.,LTD. <6351> [TSE Prime] announced its financial results in the afternoon session on November 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 5.82 billion yen, an increase 56.7% compared to the same period last year. Progress toward the full-year plan of 11.3 billion yen was 51.6%, also surpassing the five-year average of 45.2%.

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 decrease 19.2% from the same period last year to 5.47 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 41 yen to 42 yen (compared to 54 yen before the 2-for-1 forward stock split in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of 3.48 billion yen (compared to a loss of 0.08 billion yen in the same period last year). However, the operating profit margin decreased from 16.7% in the same period last year to 13.5%.

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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 29,719 4,103 6,949 4,822 98.3 55.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 28,899 4,416 3,719 4,235 86.2 35.4 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 35,759 5,376 5,826 3,548 73.7 51.6 Nov 12, 2025 J-GAAP
YoY +23.7% +21.7% +56.7% -16.2% -14.5%

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 35,759 5,376 5,826 3,548 73.9 13 Nov 11, 2025 J-GAAP
Apr - Sep, 2025 Results 35,759 5,376 5,826 3,548 73.7 13 Nov 12, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% -0.3%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 74,000 11,000 11,300 7,800 162.6 28 Nov 11, 2025 J-GAAP
Mar, 2026 New 74,000 11,000 11,300 7,800 162.6 29 Nov 12, 2025 J-GAAP
Revision Rate 0.0% 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 39,159 5,835 6,773 4,548 92.9 15 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 38,241 5,624 5,474 4,252 88.6 16 Nov 12, 2025 J-GAAP
YoY -2.3% -3.6% -19.2% -6.5% -4.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 62,629 8,941 12,638 8,288 168.8 25 May 13, 2024 J-GAAP
Mar, 2025 68,058 10,251 10,492 8,783 179.4 27 May 13, 2025 J-GAAP
Mar, 2026 Guidance 74,000 11,000 11,300 7,800 162.6 29 Nov 12, 2025 J-GAAP
YoY +8.7% +7.3% +7.7% -11.2% -9.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 13,784 2,302 -82 1,717 35.0 16.7 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 18,013 2,181 4,216 2,812 57.3 12.1 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 21,146 3,654 2,557 1,736 35.5 17.3 May 13, 2025 J-GAAP
Apr - Jun, 2025 18,111 3,001 2,345 1,231 25.5 16.6 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 17,648 2,375 3,481 2,317 48.1 13.5 Nov 12, 2025 J-GAAP
YoY +28.0% +3.2% － +34.9% +37.7%

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