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CHUO SPRING, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 17%
5992 CHUO SPRING CO.,LTD. 【J-GAAP】
Earnings ReportCHUO SPRING CO.,LTD. <5992> [TSE Std] announced its financial results in the afternoon session on February 2nd (14:20). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 20.8% from the same period last year to 3.57 billion yen.
However, the full-year forecast for consolidated ordinary profit has been revised upward 16.9%, from the previous forecast of 3.25 billion yen to 3.80 billion yen (compared to 5.14 billion yen in the previous period), and the declining rate is expected to decrease from 36.9% to 26.2%.
Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has been revised upward 42.5%, from the previous forecast of 1.29 billion yen to 1.84 billion yen (compared to 3.36 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 61.5% to 45.1%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 1.61 billion yen, a 40.7% decrease compared to the same period last year. The operating profit margin worsened from 4.3% in the same period last year to 2.0%.
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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 | 77,603 | 992 | 2,422 | 1,464 | 58.0 | 78.3 | Feb 1, 2024 | J-GAAP |
| Apr - Dec, 2024 | 82,250 | 2,996 | 4,509 | 2,816 | 111.6 | 87.6 | Jan 30, 2025 | J-GAAP |
| Apr - Dec, 2025 | 83,128 | 2,086 | 3,571 | 11,497 | 455.7 | 94.0 | Feb 2, 2026 | J-GAAP |
| YoY | +1.1% | -30.4% | -20.8% | +308.3% | +308.4% |
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 | 55,943 | 1,005 | 1,294 | 9,162 | 363.2 | 30 | Nov 28, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 55,943 | 1,005 | 1,844 | 10,162 | 402.8 | 30 | Feb 2, 2026 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | +42.5% | +10.9% | +10.9% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 110,000 | 2,500 | 3,250 | 10,500 | 416.2 | 60 | Nov 28, 2025 | J-GAAP |
| Mar, 2026 New | 110,000 | 2,500 | 3,800 | 11,500 | 455.9 | 60 | Feb 2, 2026 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | +16.9% | +9.5% | +9.5% |
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 | 56,901 | 2,624 | 3,361 | 607 | 24.1 | 26 | Apr 24, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 55,943 | 1,005 | 1,844 | 10,162 | 402.8 | 30 | Feb 2, 2026 | J-GAAP |
| YoY | -1.7% | -61.7% | -45.1% | +1,574.1% | +1,574.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 100,975 | 1,073 | 3,093 | 1,990 | 78.8 | 20 | Apr 25, 2024 | J-GAAP |
| Mar, 2025 | 110,157 | 4,384 | 5,148 | 1,855 | 73.5 | 40 | Apr 24, 2025 | J-GAAP |
| Mar, 2026 Guidance | 110,000 | 2,500 | 3,800 | 11,500 | 455.9 | 60 | Feb 2, 2026 | J-GAAP |
| YoY | -0.1% | -43.0% | -26.2% | +519.9% | +520.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 28,994 | 1,236 | 2,722 | 1,568 | 62.1 | 4.3 | Jan 30, 2025 | J-GAAP |
| Jan - Mar, 2025 | 27,907 | 1,388 | 639 | -961 | -38.1 | 5.0 | Apr 24, 2025 | J-GAAP |
| Apr - Jun, 2025 | 26,306 | 602 | 888 | 612 | 24.3 | 2.3 | Jul 30, 2025 | J-GAAP |
| Jul - Sep, 2025 | 27,751 | 893 | 1,068 | 726 | 28.8 | 3.2 | Oct 30, 2025 | J-GAAP |
| Oct - Dec, 2025 | 29,071 | 591 | 1,615 | 10,159 | 402.7 | 2.0 | Feb 2, 2026 | J-GAAP |
| YoY | +0.3% | -52.2% | -40.7% | +547.9% | +548.0% |
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