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TOKYO KEIKI, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 13%
7721 TOKYO KEIKI INC. 【J-GAAP】
Earnings ReportTOKYO KEIKI INC. <7721> [TSE Prime] announced its financial results after the market closed on February 6th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 2.18 billion yen, an increase 77.7% compared to the same period last year.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 13.3%, from the previous forecast of 4.06 billion yen to 4.60 billion yen (compared to 5.00 billion yen in the previous period), and the declining rate is expected to decrease from 18.8% to 8.0%.
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 16.7%, from the previous forecast of 3.23 billion yen to 3.77 billion yen (compared to 4.97 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 34.9% to 24.1%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 13.2% from the same period last year, reaching 1.35 billion yen. The operating profit margin remained almost flat, changing from 8.5% in the same period last year to 8.6%.
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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 | 30,704 | 168 | 346 | 118 | 7.2 | 11.6 | Feb 9, 2024 | J-GAAP |
| Apr - Dec, 2024 | 34,241 | 1,054 | 1,229 | 932 | 56.8 | 24.6 | Feb 7, 2025 | J-GAAP |
| Apr - Dec, 2025 | 39,748 | 2,038 | 2,184 | 1,739 | 105.8 | 47.5 | Feb 6, 2026 | J-GAAP |
| YoY | +16.1% | +93.4% | +77.7% | +86.6% | +86.5% |
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 | 35,875 | 3,278 | 3,235 | 2,021 | 123.0 | 40 | Nov 7, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 35,975 | 3,778 | 3,775 | 2,371 | 144.3 | 40 | Feb 6, 2026 | J-GAAP |
| Revision Rate | +0.3% | +15.3% | +16.7% | +17.3% | +17.3% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 60,300 | 4,000 | 4,060 | 2,860 | 174.0 | 40 | Nov 7, 2025 | J-GAAP |
| Mar, 2026 New | 60,400 | 4,500 | 4,600 | 3,210 | 195.3 | 40 | Feb 6, 2026 | J-GAAP |
| Revision Rate | +0.2% | +12.5% | +13.3% | +12.2% | +12.2% |
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 | 37,068 | 4,961 | 4,973 | 3,734 | 227.3 | 35 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 35,975 | 3,778 | 3,775 | 2,371 | 144.3 | 40 | Feb 6, 2026 | J-GAAP |
| YoY | -2.9% | -23.8% | -24.1% | -36.5% | -36.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 47,166 | 2,768 | 2,990 | 2,277 | 138.6 | 32.50 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 57,650 | 4,856 | 5,001 | 3,797 | 231.2 | 35 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 60,400 | 4,500 | 4,600 | 3,210 | 195.3 | 40 | Feb 6, 2026 | J-GAAP |
| YoY | +4.8% | -7.3% | -8.0% | -15.5% | -15.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 13,659 | 1,159 | 1,201 | 869 | 52.9 | 8.5 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 23,409 | 3,802 | 3,772 | 2,865 | 174.4 | 16.2 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 10,548 | -326 | -297 | -177 | -10.8 | -3.1 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 13,877 | 1,048 | 1,122 | 1,016 | 61.8 | 7.6 | Nov 7, 2025 | J-GAAP |
| Oct - Dec, 2025 | 15,323 | 1,316 | 1,359 | 900 | 54.8 | 8.6 | Feb 6, 2026 | J-GAAP |
| YoY | +12.2% | +13.5% | +13.2% | +3.6% | +3.5% |
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