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Showa Sangyo, Oct-Dec (3Q) Ordinary Profit Increases by 25%
2004 Showa Sangyo Co., Ltd. 【J-GAAP】
Earnings ReportShowa Sangyo Co., Ltd. <2004> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) was 12.0 billion yen, a 0.3% decrease compared to the same period last year. Progress toward the full-year plan of 13.0 billion yen was 92.4%, also surpassing the five-year average of 88.9%.
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 drop 36.2% from the same period last year to 0.98 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 25.2% from the same period last year, reaching 4.73 billion yen. The operating profit margin improved from 3.3% in the same period last year to 4.5%.
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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 | 265,555 | 11,319 | 14,137 | 10,362 | 309.8 | 85.4 | Feb 9, 2024 | J-GAAP |
| Apr - Dec, 2024 | 255,669 | 9,745 | 12,046 | 10,397 | 318.7 | 88.6 | Feb 7, 2025 | J-GAAP |
| Apr - Dec, 2025 | 254,522 | 10,006 | 12,014 | 8,943 | 275.3 | 92.4 | Feb 6, 2026 | J-GAAP |
| YoY | -0.4% | +2.7% | -0.3% | -14.0% | -13.6% |
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 | 165,843 | 4,259 | 5,329 | 4,013 | 123.2 | 60 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 173,299 | 4,946 | 5,722 | 3,732 | 114.8 | 50 | Nov 7, 2025 | J-GAAP |
| YoY | +4.5% | +16.1% | +7.4% | -7.0% | -6.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 346,358 | 13,146 | 16,558 | 12,358 | 369.4 | 80 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 334,425 | 11,126 | 13,591 | 11,599 | 356.0 | 100 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 340,000 | 11,000 | 13,000 | 9,500 | 292.3 | 100 | May 12, 2025 | J-GAAP |
| YoY | +1.7% | -1.1% | -4.3% | -18.1% | -17.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 87,087 | 2,878 | 3,784 | 2,811 | 86.2 | 3.3 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 78,756 | 1,381 | 1,545 | 1,202 | 36.9 | 1.8 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 84,647 | 3,534 | 4,393 | 2,897 | 89.2 | 4.2 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 82,054 | 2,520 | 2,885 | 2,871 | 88.4 | 3.1 | Nov 7, 2025 | J-GAAP |
| Oct - Dec, 2025 | 87,821 | 3,952 | 4,736 | 3,175 | 97.7 | 4.5 | Feb 6, 2026 | J-GAAP |
| YoY | +0.8% | +37.3% | +25.2% | +12.9% | +13.4% |
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