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OCEAN SYSTEM, First Half Net Income Increases by 2%, Jul-Sep Net Income Decreases by 9%

Fri Nov 14, 2025 3:30 pm JST Earnings

3096 OCEAN SYSTEM CORPORATION 【J-GAAP】

Earnings Report

OCEAN SYSTEM CORPORATION <3096> [TSE Std] announced its financial results after the market closed on November 14th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 0.71 billion yen, a 1.7% increase compared to the same period last year. Progress toward the full-year plan of 1.40 billion yen was 50.9%, it was below the five-year average of 69.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand 99.1% from the same period last year, reaching 0.68 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 0.24 billion yen, a 9.2% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 1.9% in the same period last year to 1.6%.

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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 41,727 1,017 1,058 774 82.3 52.3 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 44,513 1,024 1,064 703 74.7 57.6 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 47,338 1,005 1,064 715 76.0 52.6 Nov 14, 2025 J-GAAP
YoY +6.3% -1.9% 0.0% +1.7% +1.6%

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 46,700 924 967 705 74.9 10 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 47,338 1,005 1,064 715 76.0 10 Nov 14, 2025 J-GAAP
Revision Rate +1.4% +8.8% +10.0% +1.4% +1.4%

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 46,548 728 783 346 36.8 12 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 48,462 923 959 689 73.5 10 Nov 14, 2025 J-GAAP
YoY +4.1% +26.8% +22.5% +99.1% +99.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 85,899 1,919 2,022 1,337 142.1 19 May 14, 2024 J-GAAP
Mar, 2025 91,061 1,752 1,847 1,049 111.5 19 May 13, 2025 J-GAAP
Mar, 2026 Guidance 95,800 1,928 2,023 1,404 149.8 20 May 13, 2025 J-GAAP
YoY +5.2% +10.0% +9.5% +33.8% +34.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 22,146 417 440 273 29.0 1.9 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 23,895 662 687 459 48.8 2.8 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 22,653 66 96 -113 -12.0 0.3 May 13, 2025 J-GAAP
Apr - Jun, 2025 23,997 633 661 467 49.7 2.6 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 23,341 372 403 248 26.4 1.6 Nov 14, 2025 J-GAAP
YoY +5.4% -10.8% -8.4% -9.2% -9.2%

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