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Power Solutions, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 16%, Highest in Two Terms

Fri Nov 14, 2025 3:30 pm JST Earnings

4450 Power Solutions, Ltd. 【J-GAAP】

Earnings Report

Power Solutions, Ltd. <4450> [TSE Growth] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) expanded 587 million yen, an increase 78.4% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 16.2%, from the previous forecast of 593 million yen to 689 million yen (compared to 509 million yen in the previous period), increasing the growth rate from 16.5% to 35.4%, reaches new record high for the first time in two terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase 54.2%, from the previous forecast of 177 million yen to 273 million yen (compared to 272 million yen in the same period of the previous year), turning to a 0.4% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased 85.9% from the same period last year, reaching 171 million yen. The operating profit margin improved from 6.6% in the same period last year to 8.7%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 4,349 344 498 319 112.6 79.4 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 4,885 353 329 204 70.8 64.6 Nov 14, 2024 J-GAAP
Jan - Sep, 2025 6,042 598 587 319 105.7 85.2 Nov 14, 2025 J-GAAP
YoY +23.7% +69.4% +78.4% +56.4% +49.4%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 3,279 152 177 106 34.3 12.50 Aug 14, 2025 J-GAAP
Jul - Dec, 2025 New 4,009 278 273 145 46.9 12.50 Nov 14, 2025 J-GAAP
Revision Rate +22.3% +82.9% +54.2% +36.8% +36.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 7,295 574 593 330 106.6 25 Feb 14, 2025 J-GAAP
Dec, 2025 New 8,025 700 689 369 119.2 25 Nov 14, 2025 J-GAAP
Revision Rate +10.0% +22.0% +16.2% +11.8% +11.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 3,580 288 272 178 61.5 11 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 4,009 278 273 145 46.9 12.50 Nov 14, 2025 J-GAAP
YoY +12.0% -3.5% +0.4% -18.5% -23.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 5,931 474 627 446 157.0 0 Feb 14, 2024 J-GAAP
Dec, 2024 6,748 528 509 327 113.0 22 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 8,025 700 689 369 119.2 25 Nov 14, 2025 J-GAAP
YoY +18.9% +32.6% +35.4% +12.8% +5.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,717 113 92 55 19.1 6.6 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 1,863 175 180 123 42.5 9.4 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,047 240 232 113 38.6 11.7 May 14, 2025 J-GAAP
Apr - Jun, 2025 1,969 182 184 111 37.2 9.2 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 2,026 176 171 95 31.5 8.7 Nov 14, 2025 J-GAAP
YoY +18.0% +55.8% +85.9% +72.7% +65.1%

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