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WATT MANN, First Half Ordinary Profit Decreases by 14%, Jul-Sep Ordinary Profit Decreases by 5%

Fri Nov 14, 2025 3:30 pm JST Earnings

9927 WATT MANN CO., LTD. 【J-GAAP】

Earnings Report

WATT MANN CO., LTD. <9927> [TSE Std] 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 14.3% from the same period last year to 257 million yen. Progress toward the full-year plan of 738 million yen was 34.8%, also falling below the five-year average of 39.6%.

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 expand 63.6% from the same period last year, reaching 481 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 122 million yen, a 4.7% decrease compared to the same period last year. The operating profit margin worsened from 6.3% in the same period last year to 5.6%.

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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 3,829 281 284 183 21.0 43.3 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 4,033 296 300 193 22.2 50.5 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 4,244 253 257 162 18.6 34.8 Nov 14, 2025 J-GAAP
YoY +5.2% -14.5% -14.3% -16.1% -16.2%

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 ー ー ー ー － 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 4,244 253 257 162 18.6 0 Nov 14, 2025 J-GAAP
Revision Rate － － － － －

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 4,350 287 294 152 17.4 20 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,806 487 481 336 38.4 20 Nov 14, 2025 J-GAAP
YoY +10.5% +69.7% +63.6% +121.1% +120.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,851 649 656 459 52.6 20 May 15, 2024 J-GAAP
Mar, 2025 8,383 583 594 345 39.4 20 May 15, 2025 J-GAAP
Mar, 2026 Guidance 9,050 740 738 498 56.9 20 May 15, 2025 J-GAAP
YoY +8.0% +26.9% +24.2% +44.3% +44.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,018 127 128 82 9.4 6.3 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 2,167 164 168 82 9.4 7.6 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,183 123 126 70 8.0 5.6 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,127 135 135 86 9.9 6.3 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 2,117 118 122 76 8.7 5.6 Nov 14, 2025 J-GAAP
YoY +4.9% -7.1% -4.7% -7.3% -7.5%

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