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Shimadzu, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 8%, Oct-Dec Ordinary Profit Increases by 4%
7701 Shimadzu Corporation 【J-GAAP】
Earnings ReportShimadzu Corporation <7701> [TSE Prime] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 7.8% from the same period last year, reaching 52.9 billion yen. Progress toward the full-year plan of 72.0 billion yen was 73.6%, exceeding the five-year average of 68.7%.
Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 16.8% from the same period last year to 19.0 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 4.3% from the same period last year, reaching 21.6 billion yen. The operating profit margin rose from 12.6% in the same period last year to 13.1%.
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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 | 365,623 | 50,747 | 52,913 | 39,055 | 132.5 | 68.8 | Feb 6, 2024 | J-GAAP |
| Apr - Dec, 2024 | 384,296 | 47,045 | 49,158 | 36,143 | 122.9 | 68.3 | Feb 5, 2025 | J-GAAP |
| Apr - Dec, 2025 | 398,722 | 50,236 | 52,983 | 39,087 | 135.3 | 73.6 | Feb 5, 2026 | J-GAAP |
| YoY | +3.8% | +6.8% | +7.8% | +8.1% | +10.0% |
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 | 288,658 | 40,420 | 40,651 | 30,370 | 105.1 | 40 | Nov 7, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 298,658 | 40,420 | 40,651 | 30,370 | 105.1 | 40 | Feb 5, 2026 | J-GAAP |
| Revision Rate | +3.5% | 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 | 545,000 | 72,000 | 72,000 | 54,000 | 186.9 | 67 | Nov 7, 2025 | J-GAAP |
| Mar, 2026 New | 555,000 | 72,000 | 72,000 | 54,000 | 186.9 | 67 | Feb 5, 2026 | J-GAAP |
| Revision Rate | +1.8% | 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 | 287,800 | 41,499 | 43,610 | 32,460 | 110.8 | 40 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 298,658 | 40,420 | 40,651 | 30,370 | 105.1 | 40 | Feb 5, 2026 | J-GAAP |
| YoY | +3.8% | -2.6% | -6.8% | -6.4% | -5.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 511,895 | 72,753 | 76,895 | 57,037 | 193.5 | 60 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 539,047 | 71,720 | 72,018 | 53,776 | 183.6 | 66 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 555,000 | 72,000 | 72,000 | 54,000 | 186.9 | 67 | Feb 5, 2026 | J-GAAP |
| YoY | +3.0% | +0.4% | 0.0% | +0.4% | +1.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 133,049 | 16,824 | 20,750 | 14,827 | 50.4 | 12.6 | Feb 5, 2025 | J-GAAP |
| Jan - Mar, 2025 | 154,751 | 24,675 | 22,860 | 17,633 | 60.2 | 15.9 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 118,370 | 12,184 | 11,323 | 7,921 | 27.4 | 10.3 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 137,972 | 19,396 | 20,026 | 15,709 | 54.4 | 14.1 | Nov 7, 2025 | J-GAAP |
| Oct - Dec, 2025 | 142,380 | 18,656 | 21,634 | 15,457 | 53.5 | 13.1 | Feb 5, 2026 | J-GAAP |
| YoY | +7.0% | +10.9% | +4.3% | +4.2% | +6.1% |
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