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MATSUDA SANGYO, Jul-Sep (2Q) Ordinary Profit Increases by 57%
7456 MATSUDA SANGYO Co.,Ltd. 【J-GAAP】
Earnings ReportMATSUDA SANGYO Co.,Ltd. <7456> [TSE Prime] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 28.3% from the same period last year, reaching 8.44 billion yen. Progress toward the full-year plan of 16.2 billion yen was 52.1%, almost the same as the five-year average of 52.8%.
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 grow 11.8% from the same period last year, reaching 7.75 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 57.2% from the same period last year, reaching 4.47 billion yen. The operating profit margin remained almost flat, changing from 2.9% in the same period last year to 3.0%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 178,780 | 5,081 | 5,876 | 4,062 | 155.8 | 55.7 | Nov 10, 2023 | J-GAAP |
| Apr - Sep, 2024 | 222,170 | 6,278 | 6,580 | 4,622 | 178.3 | 48.7 | Nov 12, 2024 | J-GAAP |
| Apr - Sep, 2025 | 288,248 | 8,061 | 8,441 | 6,087 | 235.0 | 52.1 | Nov 12, 2025 | J-GAAP |
| YoY | +29.7% | +28.4% | +28.3% | +31.7% | +31.8% |
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 | 288,000 | 8,000 | 8,400 | 6,000 | 231.5 | 50 | Nov 4, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 288,248 | 8,061 | 8,441 | 6,087 | 235.0 | 50 | Nov 12, 2025 | J-GAAP |
| Revision Rate | +0.1% | +0.8% | +0.5% | +1.5% | +1.5% |
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 | 246,671 | 6,398 | 6,943 | 4,834 | 186.5 | 40 | May 9, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 261,752 | 7,339 | 7,759 | 5,413 | 209.5 | 50 | Nov 12, 2025 | J-GAAP |
| YoY | +6.1% | +14.7% | +11.8% | +12.0% | +12.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 360,527 | 9,356 | 10,551 | 7,286 | 280.2 | 60 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 468,841 | 12,676 | 13,523 | 9,456 | 364.9 | 75 | May 9, 2025 | J-GAAP |
| Mar, 2026 Guidance | 550,000 | 15,400 | 16,200 | 11,500 | 445.0 | 100 | Nov 4, 2025 | J-GAAP |
| YoY | +17.3% | +21.5% | +19.8% | +21.6% | +22.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 110,401 | 3,152 | 2,849 | 2,044 | 78.9 | 2.9 | Nov 12, 2024 | J-GAAP |
| Oct - Dec, 2024 | 126,487 | 4,578 | 4,933 | 3,464 | 133.7 | 3.6 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 120,184 | 1,820 | 2,010 | 1,370 | 52.9 | 1.5 | May 9, 2025 | J-GAAP |
| Apr - Jun, 2025 | 146,627 | 3,743 | 3,962 | 3,012 | 116.2 | 2.6 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 141,621 | 4,318 | 4,479 | 3,075 | 118.7 | 3.0 | Nov 12, 2025 | J-GAAP |
| YoY | +28.3% | +37.0% | +57.2% | +50.4% | +50.6% |
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