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JTP CO, First Half Ordinary Profit Unexpectedly Revised Upward by 30%

Fri Nov 14, 2025 3:30 pm JST Earnings

2488 JTP CO.,Ltd. 【J-GAAP】

Earnings Report

JTP CO.,Ltd. <2488> [TSE Std] announced its financial results after the market closed on November 14th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 29.9% from the same period last year, reaching 443 million yen, resulting in an increase in profits compared to the previous forecast of a 26.1% decrease.

Progress toward the full-year plan of 830 million yen was 53.4%, also surpassing the five-year average of 36.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease 20.5% from the same period last year to 387 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew 19.3% from the same period last year, reaching 290 million yen. The operating profit margin remained almost flat, changing from 10.8% in the same period last year to 10.9%.

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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 3,899 243 258 183 32.6 38.8 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 4,381 345 341 225 39.9 41.2 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 4,939 436 443 298 52.4 53.4 Nov 14, 2025 J-GAAP
YoY +12.7% +26.4% +29.9% +32.4% +31.5%

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 4,435 252 252 166 29.1 11 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 4,939 436 443 298 52.4 11 Nov 14, 2025 J-GAAP
Revision Rate +11.4% +73.0% +75.8% +79.5% +80.1%

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 4,830 475 487 337 59.5 29 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,693 394 387 302 53.0 32 Nov 14, 2025 J-GAAP
YoY -2.8% -17.1% -20.5% -10.4% -11.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 8,119 631 665 482 85.7 36 May 13, 2024 J-GAAP
Mar, 2025 9,211 820 828 562 99.3 41 May 15, 2025 J-GAAP
Mar, 2026 Guidance 9,632 830 830 600 105.2 43 May 15, 2025 J-GAAP
YoY +4.6% +1.2% +0.2% +6.8% +6.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,333 253 243 163 28.9 10.8 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 2,403 245 257 173 30.6 10.2 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,427 230 230 164 29.0 9.5 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,312 150 153 101 17.9 6.5 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 2,627 286 290 197 34.7 10.9 Nov 14, 2025 J-GAAP
YoY +12.6% +13.0% +19.3% +20.9% +20.0%

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