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AIPHONE, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 26% Decrease
6718 AIPHONE CO.,LTD 【J-GAAP】
Earnings ReportAIPHONE CO.,LTD <6718> [TSE Prime] announced its financial results after the market closed on February 3rd (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) significantly dropped 56.5% from the same period last year to 1.12 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has decreased 38.0%, from the previous forecast of 5.00 billion yen to 3.10 billion yen (compared to 4.16 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 25.5% 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 47.1%, from the previous forecast of 4.03 billion yen to 2.13 billion yen (compared to 2.09 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 93.0% to 2.2%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.16 billion yen, a 68.5% decrease compared to the same period last year. The operating profit margin worsened from 2.7% in the same period last year to 0.7%.
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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 | 44,907 | 3,997 | 4,514 | 3,275 | 200.3 | 73.6 | Feb 6, 2024 | J-GAAP |
| Apr - Dec, 2024 | 46,227 | 2,531 | 2,587 | 2,053 | 125.5 | 62.2 | Feb 4, 2025 | J-GAAP |
| Apr - Dec, 2025 | 44,202 | 988 | 1,125 | 1,024 | 62.6 | 36.3 | Feb 3, 2026 | J-GAAP |
| YoY | -4.4% | -61.0% | -56.5% | -50.1% | -50.1% |
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 | 35,190 | 3,609 | 4,038 | 2,845 | 173.8 | 80 | Nov 4, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 32,290 | 1,909 | 2,138 | 1,645 | 100.5 | 80 | Feb 3, 2026 | J-GAAP |
| Revision Rate | -8.2% | -47.1% | -47.1% | -42.2% | -42.2% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 65,400 | 4,500 | 5,000 | 3,700 | 226.1 | 130 | May 8, 2025 | J-GAAP |
| Mar, 2026 New | 62,500 | 2,800 | 3,100 | 2,500 | 152.8 | 130 | Feb 3, 2026 | J-GAAP |
| Revision Rate | -4.4% | -37.8% | -38.0% | -32.4% | -32.4% |
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 | 32,339 | 1,697 | 2,092 | 1,925 | 117.7 | 80 | May 8, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 32,290 | 1,909 | 2,138 | 1,645 | 100.5 | 80 | Feb 3, 2026 | J-GAAP |
| YoY | -0.2% | +12.5% | +2.2% | -14.5% | -14.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 61,334 | 5,268 | 6,130 | 4,645 | 284.0 | 130 | May 8, 2024 | J-GAAP |
| Mar, 2025 | 63,316 | 3,814 | 4,162 | 3,619 | 221.2 | 130 | May 8, 2025 | J-GAAP |
| Mar, 2026 Guidance | 62,500 | 2,800 | 3,100 | 2,500 | 152.8 | 130 | Feb 3, 2026 | J-GAAP |
| YoY | -1.3% | -26.6% | -25.5% | -30.9% | -30.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 15,250 | 414 | 517 | 359 | 22.0 | 2.7 | Feb 4, 2025 | J-GAAP |
| Jan - Mar, 2025 | 17,089 | 1,283 | 1,575 | 1,566 | 95.7 | 7.5 | May 8, 2025 | J-GAAP |
| Apr - Jun, 2025 | 14,332 | 192 | 268 | 214 | 13.1 | 1.3 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 15,878 | 699 | 694 | 641 | 39.2 | 4.4 | Nov 4, 2025 | J-GAAP |
| Oct - Dec, 2025 | 13,992 | 97 | 163 | 169 | 10.3 | 0.7 | Feb 3, 2026 | J-GAAP |
| YoY | -8.2% | -76.6% | -68.5% | -52.9% | -52.9% |
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