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Ifuji Sangyo, First Half Ordinary Profit Decreases by 2%

Thu Nov 13, 2025 3:30 pm JST Earnings

2924 Ifuji Sangyo Co., Ltd. 【J-GAAP】

Earnings Report

Ifuji Sangyo Co., Ltd. <2924> [TSE Std] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 1.49 billion yen, a 2.3% decrease compared to the same period last year. Progress toward the full-year plan of 2.67 billion yen was 56.0%, also surpassing the five-year average of 50.7%.

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 22.1% from the same period last year to 1.18 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 0.59 billion yen, an 18.5% decrease compared to the same period last year. The operating profit margin significantly dropped from 12.4% in the same period last year to 7.5%.

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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 13,182 1,220 1,248 1,027 124.6 69.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 11,087 1,523 1,534 1,035 125.2 50.3 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 16,036 1,480 1,499 1,036 127.4 56.0 Nov 13, 2025 J-GAAP
YoY +44.6% -2.8% -2.3% +0.1% +1.7%

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 13,781 1,340 1,339 912 111.9 32 May 7, 2025 J-GAAP
Apr - Sep, 2025 Results 16,036 1,480 1,499 1,036 127.4 32 Nov 13, 2025 J-GAAP
Revision Rate +16.4% +10.4% +11.9% +13.6% +13.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 27,771 2,689 2,679 1,827 224.2 67 May 7, 2025 J-GAAP
Mar, 2026 New 30,661 2,689 2,679 1,827 224.2 67 Nov 13, 2025 J-GAAP
Revision Rate +10.4% 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 14,470 1,475 1,515 1,067 129.3 40 May 7, 2025 J-GAAP
Oct - Mar, 2025 Guidance 14,625 1,209 1,180 791 97.1 35 Nov 13, 2025 J-GAAP
YoY +1.1% -18.0% -22.1% -25.9% -24.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 24,503 1,766 1,809 1,597 193.5 48 May 7, 2024 J-GAAP
Mar, 2025 25,557 2,998 3,049 2,102 254.7 66 May 7, 2025 J-GAAP
Mar, 2026 Guidance 30,661 2,689 2,679 1,827 224.2 67 Nov 13, 2025 J-GAAP
YoY +20.0% -10.3% -12.1% -13.1% -12.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 5,883 728 734 490 59.3 12.4 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 7,307 865 900 617 74.6 11.8 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 7,163 610 615 450 54.5 8.5 May 7, 2025 J-GAAP
Apr - Jun, 2025 8,225 895 901 629 77.4 10.9 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 7,811 585 598 407 50.0 7.5 Nov 13, 2025 J-GAAP
YoY +32.8% -19.6% -18.5% -16.9% -15.6%

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