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Applied, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 7%, Raises Record High Profit Forecast, Dividend Revised Upward by 20 Yen

Fri Nov 14, 2025 3:00 pm JST Earnings

3020 Applied Co., Ltd. 【J-GAAP】

Earnings Report

Applied Co., Ltd. <3020> [TSE Std] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 1.52 billion yen, an increase 54.0% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 7.4%, from the previous forecast of 2.70 billion yen to 2.90 billion yen (compared to 2.68 billion yen in the previous period), increasing the growth rate from 0.4% to 7.8%, further surpassing the previous forecast of record-high profits for two consecutive terms.

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 decrease 19.2% from the same period last year to 1.37 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 100 yen to 120 yen (compared to 100 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 85.1% from the same period last year, reaching 0.95 billion yen. The operating profit margin significantly improved from 5.0% in the same period last year to 8.3%.

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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 19,580 769 778 525 194.5 36.3 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 20,087 982 993 673 249.0 36.9 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 21,135 1,512 1,529 1,036 383.4 52.7 Nov 14, 2025 J-GAAP
YoY +5.2% +54.0% +54.0% +53.9% +53.9%

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 － 30 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 21,135 1,512 1,529 1,036 383.4 50 Nov 14, 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 47,500 2,700 2,700 1,775 656.7 100 May 14, 2025 J-GAAP
Mar, 2026 New 47,500 2,900 2,900 1,950 721.5 120 Nov 14, 2025 J-GAAP
Revision Rate 0.0% +7.4% +7.4% +9.9% +9.9%

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 27,201 1,685 1,696 1,094 405.0 70 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 26,365 1,388 1,371 914 338.2 70 Nov 14, 2025 J-GAAP
YoY -3.1% -17.6% -19.2% -16.5% -16.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 42,819 2,124 2,142 1,210 447.8 80 May 14, 2024 J-GAAP
Mar, 2025 47,288 2,667 2,689 1,767 654.1 100 May 14, 2025 J-GAAP
Mar, 2026 Guidance 47,500 2,900 2,900 1,950 721.5 120 Nov 14, 2025 J-GAAP
YoY +0.4% +8.7% +7.8% +10.4% +10.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 10,249 508 516 351 129.9 5.0 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 13,252 669 673 446 165.1 5.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 13,949 1,016 1,023 648 239.9 7.3 May 14, 2025 J-GAAP
Apr - Jun, 2025 9,712 566 574 396 146.6 5.8 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 11,423 946 955 640 236.8 8.3 Nov 14, 2025 J-GAAP
YoY +11.5% +86.2% +85.1% +82.3% +82.4%

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