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Rasa Industries, First Half Ordinary Profit Increases by 83%

Thu Nov 13, 2025 3:30 pm JST Earnings

4022 Rasa Industries,Ltd. 【J-GAAP】

Earnings Report

Rasa Industries,Ltd. <4022> [TSE Prime] 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) expanded 2.95 billion yen, an increase 83.0% compared to the same period last year, exceeded the previous forecast of 2.40 billion yen.

Progress toward the full-year plan of 4.90 billion yen was 60.2%, also surpassing the five-year average of 43.9%.

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 drop 34.8% from the same period last year to 1.95 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 3.1 times that of the same period last year, reaching 1.49 billion yen. The operating profit margin drastically improved from 5.1% in the same period last year to 12.6%.

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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 20,640 1,376 1,353 991 125.3 39.8 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 21,849 1,697 1,612 973 123.5 35.0 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 22,698 2,860 2,950 2,046 262.1 60.2 Nov 13, 2025 J-GAAP
YoY +3.9% +68.5% +83.0% +110.3% +112.1%

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 24,000 2,500 2,400 1,600 204.8 64 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 22,698 2,860 2,950 2,046 262.1 64 Nov 13, 2025 J-GAAP
Revision Rate -5.4% +14.4% +22.9% +27.9% +28.0%

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 23,572 3,039 2,990 2,158 274.8 72 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 26,502 2,240 1,950 1,254 160.5 64 Nov 13, 2025 J-GAAP
YoY +12.4% -26.3% -34.8% -41.9% -41.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 42,788 3,591 3,396 2,382 301.5 91 May 15, 2024 J-GAAP
Mar, 2025 45,421 4,736 4,602 3,131 398.7 120 May 14, 2025 J-GAAP
Mar, 2026 Guidance 49,200 5,100 4,900 3,300 422.4 128 May 14, 2025 J-GAAP
YoY +8.3% +7.7% +6.5% +5.4% +5.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 11,216 568 482 189 24.0 5.1 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 11,539 1,359 1,345 1,031 131.1 11.8 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 12,033 1,680 1,645 1,127 143.5 14.0 May 14, 2025 J-GAAP
Apr - Jun, 2025 10,472 1,317 1,454 1,089 139.6 12.6 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 12,226 1,543 1,496 957 122.6 12.6 Nov 13, 2025 J-GAAP
YoY +9.0% +171.7% +210.4% +406.3% +410.8%

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