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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%.

Kabutan News

Actual Performance and Financial Trends

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
4,349M 344M 498M 319M 112.6 79.4 Nov 14, 2023 J-GAAP
Jan - Sep, 2024
4,885M 353M 329M 204M 70.8 64.6 Nov 14, 2024 J-GAAP
Jan - Sep, 2025
6,042M 598M 587M 319M 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 3,279M 152M 177M 106M 34.2 12.50 Aug 14, 2025 J-GAAP
Jul - Dec, 2025 New 4,009M 278M 273M 145M 46.8 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 7,295M 574M 593M 330M 106.5 25 Feb 14, 2025 J-GAAP
Dec, 2025 New 8,025M 700M 689M 369M 119.1 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
3,580M 288M 272M 178M 61.5 11 Feb 14, 2025 J-GAAP
Guidance
Jul - Dec, 2025
4,009M 278M 273M 145M 46.8 12.50 Nov 14, 2025 J-GAAP
YoY +12.0% -3.5% +0.4% -18.5% -23.9%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Dec, 2023
5,931M 474M 627M 446M 157.0 0 Feb 14, 2024 J-GAAP
Dec, 2024
6,748M 528M 509M 327M 113.0 22 Feb 14, 2025 J-GAAP
Guidance
Dec, 2025
8,025M 700M 689M 369M 119.1 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
1,717M 113M 92M 55M 19.1 6.6 Nov 14, 2024 J-GAAP
Oct - Dec, 2024
1,863M 175M 180M 123M 42.5 9.4 Feb 14, 2025 J-GAAP
Jan - Mar, 2025
2,047M 240M 232M 113M 38.6 11.7 May 14, 2025 J-GAAP
Apr - Jun, 2025
1,969M 182M 184M 111M 37.2 9.2 Aug 14, 2025 J-GAAP
Jul - Sep, 2025
2,026M 176M 171M 95M 31.5 8.7 Nov 14, 2025 J-GAAP
YoY +18.0% +55.8% +85.9% +72.7% +65.1%