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JEOL, First Half Ordinary Profit Decreases by 8%
6951 JEOL Ltd. 【J-GAAP】
Earnings ReportJEOL Ltd. <6951> [TSE Prime] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 8.5% from the same period last year to 12.9 billion yen. However, Progress toward the full-year plan of 24.5 billion yen was 52.7%, also surpassing the five-year average of 37.1%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 43.0% from the same period last year to 11.5 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 7.12 billion yen, a 22.2% decrease compared to the same period last year. The operating profit margin significantly dropped from 23.1% in the same period last year to 14.7%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 68,718 | 8,291 | 10,192 | 7,516 | 147.2 | 33.9 | Nov 10, 2023 | J-GAAP |
| Apr - Sep, 2024 | 87,234 | 15,817 | 14,099 | 10,916 | 213.6 | 41.0 | Nov 8, 2024 | J-GAAP |
| Apr - Sep, 2025 | 82,059 | 11,934 | 12,906 | 9,850 | 192.6 | 52.7 | Nov 14, 2025 | J-GAAP |
| YoY | -5.9% | -24.5% | -8.5% | -9.8% | -9.9% |
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 | 78,500 | 10,000 | 10,400 | 7,700 | 150.5 | 53 | May 15, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 82,059 | 11,934 | 12,906 | 9,850 | 192.6 | 53 | Nov 14, 2025 | J-GAAP |
| Revision Rate | +4.5% | +19.3% | +24.1% | +27.9% | +27.9% |
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 | 109,461 | 19,684 | 20,325 | 7,772 | 152.0 | 62 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 98,941 | 12,066 | 11,594 | 8,150 | 159.2 | 53 | Nov 14, 2025 | J-GAAP |
| YoY | -9.6% | -38.7% | -43.0% | +4.9% | +4.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 174,336 | 27,531 | 30,023 | 21,704 | 424.9 | 102 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 196,695 | 35,501 | 34,424 | 18,688 | 365.6 | 106 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 181,000 | 24,000 | 24,500 | 18,000 | 351.7 | 106 | May 15, 2025 | J-GAAP |
| YoY | -8.0% | -32.4% | -28.8% | -3.7% | -3.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 50,880 | 11,742 | 9,156 | 7,020 | 137.4 | 23.1 | Nov 8, 2024 | J-GAAP |
| Oct - Dec, 2024 | 49,118 | 10,480 | 12,389 | 9,020 | 176.5 | 21.3 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 60,343 | 9,204 | 7,936 | -1,248 | -24.4 | 15.3 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 40,145 | 5,792 | 5,782 | 4,669 | 91.3 | 14.4 | Aug 13, 2025 | J-GAAP |
| Jul - Sep, 2025 | 41,914 | 6,142 | 7,124 | 5,181 | 101.3 | 14.7 | Nov 14, 2025 | J-GAAP |
| YoY | -17.6% | -47.7% | -22.2% | -26.2% | -26.3% |
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