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SMS, Oct-Dec (3Q) Ordinary Profit Turns to Loss, The Undecided Dividend Raised by 1 Yen

Fri Jan 30, 2026 3:30 pm JST Earnings

2175 SMS Co., Ltd. 【J-GAAP】

Earnings Report

SMS Co., Ltd. <2175> [TSE Prime] announced its financial results after the market closed on January 30th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 5.0% from the same period last year, reaching 5.37 billion yen. However, Progress toward the full-year plan of 9.46 billion yen was 56.8%, also falling below the five-year average of 65.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 26.5% from the same period last year, reaching 4.09 billion yen.

At the same time, the company has decided to implement a year-end lump-sum dividend of 29.5 yen for the current fiscal year, which was previously undecided (compared to 28.5 yen in the prior term).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 0.37 billion yen (compared to a profit of 0.19 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 0.1% in the same period last year to -3.5%.

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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 39,357 4,945 6,171 4,376 50.2 62.3 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 44,885 3,592 5,121 3,846 45.0 61.3 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 47,346 3,905 5,375 4,660 56.5 56.8 Jan 30, 2026 J-GAAP
YoY +5.5% +8.7% +5.0% +21.2% +25.4%

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 34,069 2,896 3,718 2,037 24.8 － Oct 28, 2025 J-GAAP
Oct - Mar, 2025 New 34,069 2,896 3,718 2,037 24.8 29.50 Jan 30, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 67,544 7,287 9,468 7,029 85.6 － Apr 28, 2025 J-GAAP
Mar, 2026 New 67,544 7,287 9,468 7,029 85.6 29.50 Jan 30, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 29,110 2,761 3,431 2,384 27.9 28.50 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 34,069 2,896 3,718 2,037 24.8 29.50 Jan 30, 2026 J-GAAP
YoY +17.0% +4.9% +8.4% -14.6% -11.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 53,973 8,269 9,901 7,227 83.0 20 Apr 26, 2024 J-GAAP
Mar, 2025 60,952 6,335 8,357 6,054 71.0 28.50 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 67,544 7,287 9,468 7,029 85.6 29.50 Jan 30, 2026 J-GAAP
YoY +10.8% +15.0% +13.3% +16.1% +20.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 13,043 18 195 176 2.1 0.1 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 16,067 2,743 3,236 2,208 25.9 17.1 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 18,672 3,616 4,785 3,940 47.2 19.4 Jul 29, 2025 J-GAAP
Jul - Sep, 2025 14,803 775 965 1,052 12.7 5.2 Oct 28, 2025 J-GAAP
Oct - Dec, 2025 13,871 -486 -375 -332 -4.0 -3.5 Jan 30, 2026 J-GAAP
YoY +6.3% － － － －

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