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SEIGAKUSHA, First Half Ordinary Profit Unexpectedly Revised Upward by 47%

Thu Nov 13, 2025 3:30 pm JST Earnings

2179 SEIGAKUSHA CO.,LTD. 【J-GAAP】

Earnings Report

SEIGAKUSHA CO.,LTD. <2179> [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) expanded 159 million yen, an increase 47.2% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 63.9% decrease.

Progress toward the full-year plan of 805 million yen was 19.8%, exceeding the five-year average of 13.4%.

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 nearly flat at 646 million yen, down 0.6% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 16.9% from the same period last year, reaching 718 million yen. The operating profit margin rose from 15.8% in the same period last year to 16.9%.

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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 6,032 98 98 42 7.6 13.8 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 6,539 118 108 74 13.4 14.2 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 7,066 167 159 72 13.1 19.8 Nov 13, 2025 J-GAAP
YoY +8.1% +41.5% +47.2% -2.7% -2.3%

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 7,040 50 39 5 0.9 11 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 7,066 167 159 72 13.1 11 Nov 13, 2025 J-GAAP
Revision Rate +0.4% +234.0% +307.7% +1,340.0% +1,354.4%

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 7,748 660 650 387 69.8 9.50 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 8,134 659 646 357 64.4 11 Nov 13, 2025 J-GAAP
YoY +5.0% -0.2% -0.6% -7.8% -7.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 13,102 702 711 433 78.2 18 May 15, 2024 J-GAAP
Mar, 2025 14,287 778 758 461 83.2 19 May 15, 2025 J-GAAP
Mar, 2026 Guidance 15,200 826 805 429 77.3 22 May 15, 2025 J-GAAP
YoY +6.4% +6.2% +6.2% -6.9% -7.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 3,991 630 614 388 70.3 15.8 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 4,013 684 688 453 81.7 17.0 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 3,735 -24 -38 -66 -11.9 -0.6 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,796 -554 -559 -387 -69.9 -19.8 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 4,270 721 718 459 83.5 16.9 Nov 13, 2025 J-GAAP
YoY +7.0% +14.4% +16.9% +18.3% +18.8%

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