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ARGO GRAPHICS, Oct-Dec (3Q) Ordinary Profit Decreases by 23%, Current Fiscal Year Dividend Revised Upward by 40 Yen
7595 ARGO GRAPHICS Inc. 【J-GAAP】
Earnings ReportARGO GRAPHICS Inc. <7595> [TSE Prime] announced its financial results after the market closed on January 30th (15:45). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 7.3% from the same period last year to 7.38 billion yen. Progress toward the full-year plan of 11.3 billion yen was 65.2%, also falling below the five-year average of 70.1%.
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 expand 33.6% from the same period last year, reaching 3.94 billion yen.
At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 100 yen to 140 yen (compared to 110 yen before the 4-for-1 forward stock split in the previous period).
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 2.12 billion yen, a 23.5% decrease compared to the same period last year. The operating profit margin decreased from 15.7% in the same period last year to 12.8%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 42,186 | 6,720 | 7,017 | 4,652 | 54.6 | 72.4 | Jan 26, 2024 | J-GAAP |
| Apr - Dec, 2024 | 50,009 | 7,497 | 7,964 | 5,271 | 61.9 | 72.9 | Feb 7, 2025 | J-GAAP |
| Apr - Dec, 2025 | 48,893 | 6,967 | 7,382 | 16,185 | 218.2 | 65.2 | Jan 30, 2026 | J-GAAP |
| YoY | -2.2% | -7.1% | -7.3% | +207.1% | +252.7% |
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 | 39,920 | 5,711 | 6,077 | 15,352 | 223.4 | 20 | Nov 17, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 39,920 | 5,711 | 6,077 | 15,352 | 223.4 | 60 | 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 | 73,700 | 10,750 | 11,330 | 18,831 | 274.1 | 40 | Nov 17, 2025 | J-GAAP |
| Mar, 2026 New | 73,700 | 10,750 | 11,330 | 18,831 | 274.1 | 80 | 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 | 35,926 | 5,275 | 5,737 | 3,978 | 46.7 | 15 | May 9, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 39,920 | 5,711 | 6,077 | 15,352 | 223.4 | 60 | Jan 30, 2026 | J-GAAP |
| YoY | +11.1% | +8.3% | +5.9% | +285.9% | +378.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 59,511 | 9,173 | 9,686 | 6,520 | 76.5 | 22.50 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 69,541 | 10,199 | 10,919 | 7,447 | 87.4 | 27.50 | May 9, 2025 | J-GAAP |
| Mar, 2026 Guidance | 73,700 | 10,750 | 11,330 | 18,831 | 274.1 | 80 | Jan 30, 2026 | J-GAAP |
| YoY | +6.0% | +5.4% | +3.8% | +152.9% | +213.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 16,394 | 2,573 | 2,782 | 1,802 | 21.2 | 15.7 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 19,532 | 2,702 | 2,955 | 2,176 | 25.5 | 13.8 | May 9, 2025 | J-GAAP |
| Apr - Jun, 2025 | 16,755 | 2,442 | 2,579 | 1,655 | 19.4 | 14.6 | Aug 1, 2025 | J-GAAP |
| Jul - Sep, 2025 | 17,025 | 2,597 | 2,674 | 1,824 | 23.7 | 15.3 | Oct 31, 2025 | J-GAAP |
| Oct - Dec, 2025 | 15,113 | 1,928 | 2,129 | 12,706 | 171.3 | 12.8 | Jan 30, 2026 | J-GAAP |
| YoY | -7.8% | -25.1% | -23.5% | +605.1% | +709.8% |
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