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Sagami Holdings, First Half Ordinary Profit Increases by 43%, Jul-Sep Ordinary Profit Increases by 50%
9900 Sagami Holdings Corporation 【J-GAAP】
Earnings ReportSagami Holdings Corporation <9900> [TSE Prime] announced its financial results in the afternoon session on November 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 1.87 billion yen, an increase 43.3% compared to the same period last year. Progress toward the full-year plan of 2.55 billion yen was 73.5%, also surpassing the five-year average of 55.4%.
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 18.3% from the same period last year to 0.67 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 50.2% from the same period last year, reaching 1.06 billion yen. The operating profit margin improved from 7.9% in the same period last year to 10.4%.
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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 | 15,027 | 930 | 970 | 734 | 24.4 | 56.3 | Nov 13, 2023 | J-GAAP |
| Apr - Sep, 2024 | 17,164 | 1,282 | 1,308 | 989 | 32.8 | 61.3 | Nov 13, 2024 | J-GAAP |
| Apr - Sep, 2025 | 19,586 | 1,849 | 1,875 | 1,188 | 39.5 | 73.5 | Nov 13, 2025 | J-GAAP |
| YoY | +14.1% | +44.2% | +43.3% | +20.1% | +20.3% |
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 | 19,580 | 1,840 | 1,870 | 1,180 | 39.0 | 0 | Nov 4, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 19,586 | 1,849 | 1,875 | 1,188 | 39.5 | 0 | Nov 13, 2025 | J-GAAP |
| Revision Rate | +0.0% | +0.5% | +0.3% | +0.7% | +1.2% |
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 | 17,870 | 776 | 826 | 367 | 12.2 | 10 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 18,214 | 651 | 675 | 412 | 13.6 | 10 | Nov 13, 2025 | J-GAAP |
| YoY | +1.9% | -16.1% | -18.3% | +12.3% | +11.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 31,006 | 1,656 | 1,722 | 909 | 30.1 | 10 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 35,034 | 2,058 | 2,134 | 1,356 | 44.9 | 10 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 37,800 | 2,500 | 2,550 | 1,600 | 52.8 | 10 | Nov 4, 2025 | J-GAAP |
| YoY | +7.9% | +21.5% | +19.5% | +18.0% | +17.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 9,041 | 711 | 709 | 506 | 16.8 | 7.9 | Nov 13, 2024 | J-GAAP |
| Oct - Dec, 2024 | 9,015 | 471 | 509 | 301 | 10.0 | 5.2 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 8,855 | 305 | 317 | 66 | 2.2 | 3.4 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 9,400 | 791 | 810 | 599 | 19.9 | 8.4 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 10,186 | 1,058 | 1,065 | 589 | 19.6 | 10.4 | Nov 13, 2025 | J-GAAP |
| YoY | +12.7% | +48.8% | +50.2% | +16.4% | +16.6% |
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