OKAYA ELECTRIC INDUSTRIES, Ordinary Profit Forecast for the Fiscal Year Revised Downward to a Loss, Decides to Continue No Dividend Policy

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Thu Nov 13, 2025 3:30 pm JST Earnings

6926 OKAYA ELECTRIC INDUSTRIES CO.,LTD. 【J-GAAP】

Earnings Report

OKAYA ELECTRIC INDUSTRIES CO.,LTD. <6926> [TSE Std] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded to a loss of 0.98 billion yen (compared to a loss of 0.81 billion yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 0.42 billion yen.

In addition, the full-year forecast for consolidated ordinary profit/loss has been revised downward from an expected profit of 0.16 billion yen to a loss of 0.94 billion yen (compared to a loss of 1.70 billion yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 0.03 billion yen (compared to a loss of 0.88 billion yen in the same period last year).

At the same time, the company has decided to forego the year-end lump-sum dividend for the current fiscal year, which had previously been undecided (compared to no dividend in the prior term), and the policy has been set to continue with no dividends.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 0.46 billion yen (compared to a loss of 0.38 billion yen in the same period last year). However, the operating profit/loss margin significantly improved from -21.1% in the same period last year to -17.5%.

Kabutan News

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	8,138	603	636	467	20.9	148.3	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	4,536	-898	-813	-798	-35.7	ー	Nov 13, 2024	J-GAAP
Apr - Sep, 2025	4,981	-1,004	-981	-974	-43.6	ー	Nov 13, 2025	J-GAAP
YoY	+9.8%	-11.8%	-20.7%	-22.1%	-22.0%

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	5,300	-450	-425	-435	-19.4	－	May 14, 2025	J-GAAP
Apr - Sep, 2025 Results	4,981	-1,004	-981	-974	-43.6	0	Nov 13, 2025	J-GAAP
Revision Rate	-6.0%	-123.1%	-130.8%	-123.9%	-124.2%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	12,000	140	165	125	5.6	－	May 14, 2025	J-GAAP
Mar, 2026 New	11,000	-970	-945	-970	-43.3	0	Nov 13, 2025	J-GAAP
Revision Rate	-8.3%	－	－	－	－

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	5,062	-851	-889	-907	-40.6	0	May 14, 2025	J-GAAP
Oct - Mar, 2025 Guidance	6,019	34	36	4	0.2	0	Nov 13, 2025	J-GAAP
YoY	+18.9%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	14,323	400	429	120	5.4	4	May 15, 2024	J-GAAP
Mar, 2025	9,598	-1,749	-1,702	-1,705	-76.2	0	May 14, 2025	J-GAAP
Mar, 2026 Guidance	11,000	-970	-945	-970	-43.3	0	Nov 13, 2025	J-GAAP
YoY	+14.6%	+44.5%	+44.5%	+43.1%	+43.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2024	2,209	-466	-383	-381	-17.0	-21.1	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	2,435	-306	-352	-360	-16.1	-12.6	Feb 13, 2025	J-GAAP
Jan - Mar, 2025	2,627	-545	-537	-547	-24.5	-20.7	May 14, 2025	J-GAAP
Apr - Jun, 2025	2,328	-539	-517	-489	-21.9	-23.2	Aug 7, 2025	J-GAAP
Jul - Sep, 2025	2,653	-465	-464	-485	-21.7	-17.5	Nov 13, 2025	J-GAAP
YoY	+20.1%	+0.2%	-21.1%	-27.3%	-27.3%