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Skymark Airlines, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 52%

Thu Nov 13, 2025 3:30 pm JST Earnings

9204 Skymark Airlines Inc. 【J-GAAP】

Earnings Report

Skymark Airlines Inc. <9204> [TSE Growth] announced its financial results after the market closed on November 13th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 5.2 times that of the same period last year, reaching 0.49 billion yen.

However, the full-year forecast for ordinary profit has decreased 52.4%, from the previous forecast of 2.10 billion yen to 1.00 billion yen (compared to 0.76 billion yen in the previous period), leading to a reduction in the profit growth rate from 2.8 times to 31.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease 23.5% from the same period last year to 0.50 billion yen.

At the same time, the year-end lump-sum dividend remains undecided.

In the most recent three-month period, from July to September (2Q), the ordinary profit surged 3.2 times that of the same period last year, reaching 3.60 billion yen. However, the operating profit margin significantly dropped from 14.6% in the same period last year to 9.1%.

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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 52,035 3,180 5,978 3,318 55.0 80.1 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 54,488 2,324 95 -590 -10.0 12.5 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 54,883 1,213 491 475 7.9 49.1 Nov 13, 2025 J-GAAP
YoY +0.7% -47.8% +416.8% － －

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 ー ー ー ー － 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 54,883 1,213 491 475 7.9 0 Nov 13, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 117,300 2,000 2,100 1,200 19.9 － May 15, 2025 J-GAAP
Mar, 2026 New 111,000 1,600 1,000 100 1.7 － Nov 13, 2025 J-GAAP
Revision Rate -5.4% -20.0% -52.4% -91.7% -91.7%

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 54,405 -498 665 2,736 46.1 3 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 56,117 387 509 -375 -6.2 － Nov 13, 2025 J-GAAP
YoY +3.1% － -23.5% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 104,075 4,668 7,463 2,997 49.9 29 May 15, 2024 J-GAAP
Mar, 2025 108,893 1,826 760 2,146 36.1 3 May 15, 2025 J-GAAP
Mar, 2026 Guidance 111,000 1,600 1,000 100 1.7 － Nov 13, 2025 J-GAAP
YoY +1.9% -12.4% +31.6% -95.3% -95.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 30,946 4,506 1,119 926 15.7 14.6 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 27,248 -629 1,943 3,253 55.1 -2.3 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 27,157 131 -1,278 -517 -8.7 0.5 May 15, 2025 J-GAAP
Apr - Jun, 2025 23,579 -1,630 -3,113 -2,774 -46.1 -6.9 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 31,304 2,843 3,604 3,249 54.0 9.1 Nov 13, 2025 J-GAAP
YoY +1.2% -36.9% +222.1% +250.9% +243.1%

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