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Shinwa, Apr-Dec (Cumulative 3Q) Net Income Increases by 93%, Exceeds Full-Year Plan

Mon Feb 9, 2026 1:00 pm JST Earnings

3447 Shinwa Co., Ltd. 【IFRS】

Earnings Report

Shinwa Co., Ltd. <3447> [TSE Std] announced its financial results (based on IFRS) in the afternoon session on February 9th (13:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 1.67 billion yen, an increase 93.3% compared to the same period last year. Progress toward the full-year plan of 1.24 billion yen is 134.5%, already exceeding the target and also exceeding the five-year average of 91.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the January to March period (4Q) is expected to turn into a loss of 0.43 billion yen (compared to a profit of 0.10 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 2.4 times that of the same period last year, reaching 0.79 billion yen. The operating profit margin jumped from 12.7% in the same period last year to 17.9%.

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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 9,675 694 656 439 31.6 100.6 Feb 14, 2024 IFRS
Apr - Dec, 2024 12,840 1,418 1,325 867 62.4 88.5 Feb 14, 2025 IFRS
Apr - Dec, 2025 15,397 2,348 2,214 1,676 123.0 121.6 Feb 9, 2026 IFRS
YoY +19.9% +65.6% +67.1% +93.3% +97.0%

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 8,961 751 683 445 32.0 16 May 14, 2025 IFRS
Oct - Mar, 2025 Guidance 10,098 633 540 367 27.1 18 Nov 6, 2025 IFRS
YoY +12.7% -15.7% -20.9% -17.5% -15.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 12,678 700 652 409 29.5 32 May 10, 2024 IFRS
Mar, 2025 17,503 1,622 1,498 975 70.2 32 May 14, 2025 IFRS
Mar, 2026 Guidance 20,000 2,000 1,820 1,246 91.9 34 Nov 6, 2025 IFRS
YoY +14.3% +23.3% +21.5% +27.8% +31.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 4,298 547 510 337 24.3 12.7 Feb 14, 2025 IFRS
Jan - Mar, 2025 4,663 204 173 108 7.8 4.4 May 14, 2025 IFRS
Apr - Jun, 2025 4,523 682 633 441 32.1 15.1 Aug 4, 2025 IFRS
Jul - Sep, 2025 5,379 685 647 438 32.1 12.7 Nov 6, 2025 IFRS
Oct - Dec, 2025 5,495 981 934 797 58.5 17.9 Feb 9, 2026 IFRS
YoY +27.9% +79.3% +83.1% +136.5% +141.0%

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