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SHIZUKI ELECTRIC, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 10%, Dividend Revised Upward by 1 Yen

Thu Feb 5, 2026 1:00 pm JST Earnings

6994 SHIZUKI ELECTRIC COMPANY INC. 【J-GAAP】

Earnings Report

SHIZUKI ELECTRIC COMPANY INC. <6994> [TSE Std] announced its financial results in the afternoon session on February 5th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 2.16 billion yen, an increase 94.2% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 10.2%, from the previous forecast of 2.45 billion yen to 2.70 billion yen (compared to 1.79 billion yen in the previous period), increasing the growth rate from 36.3% to 50.3%.

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) is expected to increase 20.4%, from the previous forecast of 1.22 billion yen to 1.47 billion yen (compared to 1.35 billion yen in the same period of the previous year), turning to a 9.2% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 20 yen to 21 yen (compared to 14 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 40.4% from the same period last year, reaching 0.94 billion yen. The operating profit margin improved from 8.7% in the same period last year to 10.3%.

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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 19,718 752 724 199 7.2 64.6 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 19,705 1,158 1,114 671 26.6 62.0 Feb 12, 2025 J-GAAP
Apr - Dec, 2025 20,613 1,876 2,163 1,436 56.9 80.1 Feb 5, 2026 J-GAAP
YoY +4.6% +62.0% +94.2% +114.0% +114.1%

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 14,751 1,232 1,228 799 31.6 10 Nov 5, 2025 J-GAAP
Oct - Mar, 2025 New 14,551 1,332 1,478 949 37.6 11 Feb 5, 2026 J-GAAP
Revision Rate -1.4% +8.1% +20.4% +18.8% +18.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 28,000 2,350 2,450 1,650 65.3 20 Nov 5, 2025 J-GAAP
Mar, 2026 New 27,800 2,450 2,700 1,800 71.3 21 Feb 5, 2026 J-GAAP
Revision Rate -0.7% +4.3% +10.2% +9.1% +9.1%

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 14,508 1,428 1,353 964 38.2 11 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 14,551 1,332 1,478 949 37.6 11 Feb 5, 2026 J-GAAP
YoY +0.3% -6.7% +9.2% -1.6% -1.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 26,305 1,098 1,120 182 6.7 8.50 May 15, 2024 J-GAAP
Mar, 2025 27,346 1,990 1,797 1,194 47.3 14 May 15, 2025 J-GAAP
Mar, 2026 Guidance 27,800 2,450 2,700 1,800 71.3 21 Feb 5, 2026 J-GAAP
YoY +1.7% +23.1% +50.3% +50.8% +50.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 6,867 596 670 441 17.5 8.7 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 7,641 832 683 523 20.7 10.9 May 15, 2025 J-GAAP
Apr - Jun, 2025 6,085 301 399 264 10.5 4.9 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 7,164 817 823 587 23.3 11.4 Nov 5, 2025 J-GAAP
Oct - Dec, 2025 7,364 758 941 585 23.2 10.3 Feb 5, 2026 J-GAAP
YoY +7.2% +27.2% +40.4% +32.7% +32.8%

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