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Maezawa Industries, First Half Ordinary Profit Increases by 93%, Sep-Nov Ordinary Profit Increases by 68%

Fri Jan 9, 2026 3:30 pm JST Earnings

6489 Maezawa Industries,Inc. 【J-GAAP】

Earnings Report

Maezawa Industries,Inc. <6489> [TSE Std] announced its financial results after the market closed on January 9th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2026 (June to November) expanded 1.07 billion yen, an increase 92.8% compared to the same period last year. Progress toward the full-year plan of 5.00 billion yen was 21.5%, exceeding the five-year average of 11.5%.

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 December to May period (second half) is expected to decrease 6.8% from the same period last year to 3.92 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit increased 68.1% from the same period last year, reaching 1.06 billion yen. The operating profit margin significantly improved from 7.6% in the same period last year to 12.0%.

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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
Jun - Nov, 2023 12,446 390 452 283 15.7 9.1 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 13,982 499 558 334 18.9 11.7 Jan 10, 2025 J-GAAP
Jun - Nov, 2025 14,905 979 1,076 600 34.1 21.5 Jan 9, 2026 J-GAAP
YoY +6.6% +96.2% +92.8% +79.6% +80.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2025 Guidance 24 Jul 11, 2025 J-GAAP
Jun - Nov, 2025 Results 14,905 979 1,076 600 34.1 24 Jan 9, 2026 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
Dec - May, 2024 23,517 4,155 4,210 2,743 155.5 30 Jul 11, 2025 J-GAAP
Dec - May, 2025 Guidance 24,095 3,921 3,924 2,600 147.7 24 Jan 9, 2026 J-GAAP
YoY +2.5% -5.6% -6.8% -5.2% -5.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 36,511 4,875 4,993 3,531 196.7 36 Jul 11, 2024 J-GAAP
May, 2025 37,499 4,654 4,768 3,077 174.4 48 Jul 11, 2025 J-GAAP
May, 2026 Guidance 39,000 4,900 5,000 3,200 181.8 48 Jul 11, 2025 J-GAAP
YoY +4.0% +5.3% +4.9% +4.0% +4.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 8,367 633 633 380 21.5 7.6 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 12,401 2,920 2,980 1,926 109.1 23.5 Apr 11, 2025 J-GAAP
Mar - May, 2025 11,116 1,235 1,230 817 46.3 11.1 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 6,043 -87 12 -102 -5.8 -1.4 Oct 15, 2025 J-GAAP
Sep - Nov, 2025 8,862 1,066 1,064 702 39.9 12.0 Jan 9, 2026 J-GAAP
YoY +5.9% +68.4% +68.1% +84.7% +85.4%

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