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SMC, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 0.4％ Decrease

Thu Nov 13, 2025 2:00 pm JST Earnings

6273 SMC CORPORATION 【J-GAAP】

Earnings Report

SMC CORPORATION <6273> [TSE Prime] announced its financial results in the afternoon session on November 13th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 3.5% from the same period last year, reaching 107 billion yen.

However, the full-year forecast for consolidated ordinary profit has decreased 9.9%, from the previous forecast of 232 billion yen to 209 billion yen (compared to 209 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 0.4% decrease in profit.

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 decrease 4.3% from the same period last year to 101 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 63.3% from the same period last year, reaching 58.8 billion yen. However, the operating profit margin decreased from 24.5% in the same period last year to 23.2%.

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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 393,551 105,124 134,660 94,735 1,468.8 53.6 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 395,061 99,497 104,283 78,189 1,219.5 49.7 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 400,272 90,780 107,916 79,185 1,245.6 51.6 Nov 13, 2025 J-GAAP
YoY +1.3% -8.8% +3.5% +1.3% +2.1%

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 － 500 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 400,272 90,780 107,916 79,185 1,245.6 500 Nov 13, 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 850,000 215,000 232,000 167,000 2,644.9 1,000 May 14, 2025 J-GAAP
Mar, 2026 New 816,000 183,000 209,000 153,000 2,423.2 1,000 Nov 13, 2025 J-GAAP
Revision Rate -4.0% -14.9% -9.9% -8.4% -8.4%

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 397,047 90,747 105,638 78,155 1,222.0 500 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 415,728 92,220 101,084 73,815 1,169.1 500 Nov 13, 2025 J-GAAP
YoY +4.7% +1.6% -4.3% -5.6% -4.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 776,873 196,226 251,008 178,321 2,766.9 950 May 14, 2024 J-GAAP
Mar, 2025 792,108 190,244 209,921 156,344 2,444.6 1,000 May 14, 2025 J-GAAP
Mar, 2026 Guidance 816,000 183,000 209,000 153,000 2,423.2 1,000 Nov 13, 2025 J-GAAP
YoY +3.0% -3.8% -0.4% -2.1% -0.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 192,280 47,143 36,005 29,484 459.8 24.5 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 195,399 43,296 61,918 42,193 659.0 22.2 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 201,648 47,451 43,720 35,962 562.3 23.5 May 14, 2025 J-GAAP
Apr - Jun, 2025 200,180 44,456 49,115 34,641 543.8 22.2 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 200,092 46,324 58,801 44,544 700.7 23.2 Nov 13, 2025 J-GAAP
YoY +4.1% -1.7% +63.3% +51.1% +52.4%

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