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EIZO, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 36% Decrease

Fri Jan 30, 2026 2:00 pm JST Earnings

6737 EIZO Corporation 【J-GAAP】

Earnings Report

EIZO Corporation <6737> [TSE Prime] announced its financial results in the afternoon session on January 30th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 6.7% from the same period last year to 2.79 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 52.5%, from the previous forecast of 6.10 billion yen to 2.90 billion yen (compared to 4.55 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 36.3% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 69.4%, from the previous forecast of 4.60 billion yen to 1.40 billion yen (compared to 3.48 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 59.6% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 1.30 billion yen, a 32.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.3% in the same period last year to 3.2%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 58,161 2,559 4,544 3,740 90.9 71.8 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 58,127 2,168 2,998 1,993 48.4 65.8 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 58,809 1,319 2,796 2,842 69.5 96.4 Jan 30, 2026 J-GAAP
YoY +1.2% -39.2% -6.7% +42.6% +43.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 47,126 4,141 4,608 3,470 87.8 55 Oct 31, 2025 J-GAAP
Oct - Mar, 2025 New 41,126 741 1,408 2,270 57.4 55 Jan 30, 2026 J-GAAP
Revision Rate -12.7% -82.1% -69.4% -34.6% -34.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 85,000 4,800 6,100 4,400 111.3 110 May 8, 2025 J-GAAP
Mar, 2026 New 79,000 1,400 2,900 3,200 80.9 110 Jan 30, 2026 J-GAAP
Revision Rate -7.1% -70.8% -52.5% -27.3% -27.3%

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 43,676 2,876 3,485 3,439 83.6 52.50 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 41,126 741 1,408 2,270 57.4 55 Jan 30, 2026 J-GAAP
YoY -5.8% -74.2% -59.6% -34.0% -31.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 80,471 3,908 6,326 5,454 132.6 100 May 9, 2024 J-GAAP
Mar, 2025 80,493 3,706 4,555 4,148 100.8 105 May 8, 2025 J-GAAP
Mar, 2026 Guidance 79,000 1,400 2,900 3,200 80.9 110 Jan 30, 2026 J-GAAP
YoY -1.9% -62.2% -36.3% -22.9% -19.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 21,310 1,338 1,928 1,284 31.2 6.3 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 22,366 1,538 1,557 2,155 52.4 6.9 May 8, 2025 J-GAAP
Apr - Jun, 2025 17,338 -97 687 307 7.5 -0.6 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 20,536 756 805 623 15.2 3.7 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 20,935 660 1,304 1,912 46.8 3.2 Jan 30, 2026 J-GAAP
YoY -1.8% -50.7% -32.4% +48.9% +49.9%

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