OTEC, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 14% Increase, Raises Record High Profit, Dividend Revised Upward by 17 Yen

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Mon Feb 9, 2026 3:30 pm JST Earnings

1736 OTEC CORPORATION 【J-GAAP】

Earnings Report

OTEC CORPORATION <1736> [TSE Std] announced its financial results after the market closed on February 9th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 3.14 billion yen, an increase 40.0% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 14.3%, from the previous forecast of 4.20 billion yen to 4.80 billion yen (compared to 4.22 billion yen in the previous period), record profits reach two consecutive terms, turning to a 13.7% increase in the consolidated ordinary profit outlook.

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 25.8%, from the previous forecast of 2.32 billion yen to 2.92 billion yen (compared to 3.40 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 31.8% to 14.2%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 58 yen to 75 yen (compared to 170 yen before the 3-for-1 forward stock split in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.27 billion yen, an 11.4% decrease compared to the same period last year. The operating profit margin decreased from 15.6% in the same period last year to 13.9%.

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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	20,450	1,558	1,677	953	62.2	77.2	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	21,302	2,088	2,249	1,439	93.3	53.3	Feb 7, 2025	J-GAAP
Apr - Dec, 2025	23,247	2,934	3,148	2,062	133.2	65.6	Feb 9, 2026	J-GAAP
YoY	+9.1%	+40.5%	+40.0%	+43.3%	+42.7%

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	18,398	2,264	2,325	1,679	108.4	29	Nov 10, 2025	J-GAAP
Oct - Mar, 2025 New	18,898	2,864	2,925	2,129	137.5	46	Feb 9, 2026	J-GAAP
Revision Rate	+2.7%	+26.5%	+25.8%	+26.8%	+26.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	33,000	4,000	4,200	2,900	187.3	58	Nov 10, 2025	J-GAAP
Mar, 2026 New	33,500	4,600	4,800	3,350	216.3	75	Feb 9, 2026	J-GAAP
Revision Rate	+1.5%	+15.0%	+14.3%	+15.5%	+15.5%

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	19,050	3,329	3,409	2,383	154.3	56.67	May 12, 2025	J-GAAP
Oct - Mar, 2025 Guidance	18,898	2,864	2,925	2,129	137.5	46	Feb 9, 2026	J-GAAP
YoY	-0.8%	-14.0%	-14.2%	-10.7%	-10.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	29,374	2,026	2,173	1,386	90.4	41.67	May 13, 2024	J-GAAP
Mar, 2025	31,424	4,024	4,222	2,874	186.1	56.67	May 12, 2025	J-GAAP
Mar, 2026 Guidance	33,500	4,600	4,800	3,350	216.3	75	Feb 9, 2026	J-GAAP
YoY	+6.6%	+14.3%	+13.7%	+16.6%	+16.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	8,928	1,393	1,436	948	61.5	15.6	Feb 7, 2025	J-GAAP
Jan - Mar, 2025	10,122	1,936	1,973	1,435	92.9	19.1	May 12, 2025	J-GAAP
Apr - Jun, 2025	6,485	522	613	387	25.0	8.0	Aug 7, 2025	J-GAAP
Jul - Sep, 2025	8,117	1,214	1,262	834	53.9	15.0	Nov 10, 2025	J-GAAP
Oct - Dec, 2025	8,645	1,198	1,273	841	54.3	13.9	Feb 9, 2026	J-GAAP
YoY	-3.2%	-14.0%	-11.4%	-11.3%	-11.6%