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MEGMILK SNOW BRAND, First Half Ordinary Profit Decreases by 17%

Fri Nov 14, 2025 11:00 am JST Earnings

2270 MEGMILK SNOW BRAND Co.,Ltd. 【J-GAAP】

Earnings Report

MEGMILK SNOW BRAND Co.,Ltd. <2270> [TSE Prime] announced its financial results in the morning on November 14th (11:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 17.0% from the same period last year to 10.5 billion yen. Progress toward the full-year plan of 20.6 billion yen was 51.4%, below the five-year average of 58.8%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand 33.3% from the same period last year, reaching 10.0 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 6.29 billion yen, a 1.6% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 3.8% in the same period last year to 3.6%.

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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 305,669 11,242 12,240 7,698 114.0 61.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 311,653 11,819 12,754 9,134 135.2 62.9 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 309,229 9,172 10,592 11,285 176.2 51.4 Nov 14, 2025 J-GAAP
YoY -0.8% -22.4% -17.0% +23.5% +30.3%

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 321,000 9,500 10,200 13,000 209.0 － May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 309,229 9,172 10,592 11,285 176.2 － Nov 14, 2025 J-GAAP
Revision Rate -3.7% -3.5% +3.8% -13.2% -15.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 640,000 19,000 20,600 30,000 488.8 100 May 14, 2025 J-GAAP
Mar, 2026 New 630,000 19,000 20,600 30,000 488.8 100 Nov 14, 2025 J-GAAP
Revision Rate -1.6% 0.0% 0.0% 0.0% 0.0%

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 304,166 7,306 7,508 4,770 70.7 100 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 320,771 9,828 10,008 18,715 304.9 100 Nov 14, 2025 J-GAAP
YoY +5.5% +34.5% +33.3% +292.3% +331.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 605,424 18,460 19,888 19,430 287.7 80 May 14, 2024 J-GAAP
Mar, 2025 615,819 19,125 20,262 13,904 205.9 100 May 14, 2025 J-GAAP
Mar, 2026 Guidance 630,000 19,000 20,600 30,000 488.8 100 Nov 14, 2025 J-GAAP
YoY +2.3% -0.7% +1.7% +115.8% +137.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 159,215 6,051 6,395 3,862 57.2 3.8 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 158,095 4,484 4,914 3,346 49.6 2.8 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 146,071 2,822 2,594 1,424 21.1 1.9 May 14, 2025 J-GAAP
Apr - Jun, 2025 152,395 3,476 4,300 8,976 137.3 2.3 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 156,834 5,696 6,292 2,309 36.1 3.6 Nov 14, 2025 J-GAAP
YoY -1.5% -5.9% -1.6% -40.2% -36.9%

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