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TOKUDEN, First Half Ordinary Profit Decreases by 22%, Jul-Sep Ordinary Profit Decreases by 48%

Thu Nov 13, 2025 1:00 pm JST Earnings

3437 TOKUDEN CO.,LTD. 【J-GAAP】

Earnings Report

TOKUDEN CO.,LTD. <3437> [TSE Std] announced its financial results in the afternoon session on November 13th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 22.3% from the same period last year to 314 million yen. Progress toward the full-year plan of 528 million yen was 59.5%, below the five-year average of 66.1%.

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 11.6% from the same period last year to 214 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 125 million yen, a 48.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.2% in the same period last year to 4.8%.

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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 4,829 498 515 357 226.0 99.4 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 4,970 397 404 268 170.0 62.5 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 5,309 301 314 223 141.6 59.5 Nov 13, 2025 J-GAAP
YoY +6.8% -24.2% -22.3% -16.8% -16.7%

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 － 50 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 5,309 301 314 223 141.6 50 Nov 13, 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 5,569 238 242 199 126.0 51 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,701 221 214 177 111.9 50 Nov 13, 2025 J-GAAP
YoY -15.6% -7.1% -11.6% -11.1% -11.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 9,587 495 518 379 240.1 92 May 15, 2024 J-GAAP
Mar, 2025 10,539 635 646 467 295.6 97 May 15, 2025 J-GAAP
Mar, 2026 Guidance 10,010 522 528 400 252.8 100 May 15, 2025 J-GAAP
YoY -5.0% -17.8% -18.3% -14.3% -14.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,586 237 242 171 108.4 9.2 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 2,772 166 167 119 75.4 6.0 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 2,797 72 75 80 50.6 2.6 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,720 178 189 129 82.1 6.5 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 2,589 123 125 94 59.7 4.8 Nov 13, 2025 J-GAAP
YoY +0.1% -48.1% -48.3% -45.0% -45.0%

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