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EPCO, Jan-Sep (Cumulative 3Q) Ordinary Profit Increases by 78%, Jul-Sep Ordinary Profit Increases by 52%

Thu Nov 13, 2025 3:30 pm JST Earnings

2311 EPCO Co.,Ltd. 【J-GAAP】

Earnings Report

EPCO Co.,Ltd. <2311> [TSE Std] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) expanded 328 million yen, an increase 78.3% compared to the same period last year. However, Progress toward the full-year plan of 531 million yen was 61.8%, also falling below the five-year average of 65.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease 21.0% from the same period last year to 203 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased 52.5% from the same period last year, reaching 93 million yen. However, the operating profit margin worsened from 6.7% in the same period last year to 5.5%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 3,712 139 215 284 31.8 50.6 Nov 8, 2023 J-GAAP
Jan - Sep, 2024 4,190 266 184 84 9.4 41.7 Nov 11, 2024 J-GAAP
Jan - Sep, 2025 4,744 294 328 295 33.0 61.8 Nov 13, 2025 J-GAAP
YoY +13.2% +10.5% +78.3% +251.2% +250.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 2,813 162 318 267 29.9 18 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 3,179 208 296 291 32.5 18 Aug 7, 2025 J-GAAP
YoY +13.0% +28.4% -6.9% +9.0% +8.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 5,059 161 425 626 70.1 32 Feb 13, 2024 J-GAAP
Dec, 2024 5,607 334 441 327 36.6 32 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 6,530 426 531 492 55.0 32 Jun 26, 2025 J-GAAP
YoY +16.5% +27.5% +20.4% +50.5% +50.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,396 94 61 24 2.7 6.7 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 1,417 68 257 243 27.2 4.8 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 1,493 55 32 52 5.9 3.7 May 14, 2025 J-GAAP
Apr - Jun, 2025 1,858 163 203 149 16.7 8.8 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 1,393 76 93 94 10.5 5.5 Nov 13, 2025 J-GAAP
YoY -0.2% -19.1% +52.5% +291.7% +290.0%

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