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INNOTECH, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 17%, Dividend Revised Upward by 5 Yen
9880 INNOTECH CORPORATION 【J-GAAP】
Earnings ReportINNOTECH CORPORATION <9880> [TSE Prime] 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 1.93 billion yen, an increase 50.9% compared to the same period last year.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 16.7%, from the previous forecast of 2.40 billion yen to 2.80 billion yen (compared to 1.75 billion yen in the previous period), increasing the growth rate from 36.8% to 59.6%.
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) is expected to increase 24.3%, from the previous forecast of 1.64 billion yen to 2.04 billion yen (compared to 1.00 billion yen in the same period of the previous year), increasing the growth rate from 64.1% to 2.0 times.
In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 70 yen to 75 yen (compared to 70 yen in the previous period).
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.2 times that of the same period last year, reaching 1.17 billion yen. The operating profit margin drastically improved from 2.9% in the same period last year to 8.5%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 30,325 | 1,839 | 2,182 | 994 | 74.6 | 75.8 | Feb 9, 2024 | J-GAAP |
| Apr - Dec, 2024 | 29,922 | 1,165 | 1,280 | 995 | 74.0 | 73.0 | Feb 10, 2025 | J-GAAP |
| Apr - Dec, 2025 | 32,730 | 2,081 | 1,931 | 1,440 | 110.4 | 69.0 | Feb 9, 2026 | J-GAAP |
| YoY | +9.4% | +78.6% | +50.9% | +44.7% | +49.1% |
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 | 23,899 | 1,613 | 1,648 | 1,226 | 100.7 | 35 | Nov 10, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 24,899 | 1,863 | 2,048 | 1,526 | 125.3 | 40 | Feb 9, 2026 | J-GAAP |
| Revision Rate | +4.2% | +15.5% | +24.3% | +24.5% | +24.5% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 45,500 | 2,750 | 2,400 | 1,800 | 147.9 | 70 | Nov 10, 2025 | J-GAAP |
| Mar, 2026 New | 46,500 | 3,000 | 2,800 | 2,100 | 172.5 | 75 | Feb 9, 2026 | J-GAAP |
| Revision Rate | +2.2% | +9.1% | +16.7% | +16.7% | +16.7% |
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 | 21,169 | 989 | 1,004 | 741 | 55.3 | 35 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 24,899 | 1,863 | 2,048 | 1,526 | 125.3 | 40 | Feb 9, 2026 | J-GAAP |
| YoY | +17.6% | +88.4% | +104.0% | +105.9% | +126.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 41,358 | 2,474 | 2,880 | 1,477 | 110.6 | 70 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 41,977 | 1,887 | 1,754 | 1,200 | 89.5 | 70 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 46,500 | 3,000 | 2,800 | 2,100 | 172.5 | 75 | Feb 9, 2026 | J-GAAP |
| YoY | +10.8% | +59.0% | +59.6% | +75.0% | +92.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 9,114 | 267 | 530 | 536 | 39.9 | 2.9 | Feb 10, 2025 | J-GAAP |
| Jan - Mar, 2025 | 12,055 | 722 | 474 | 205 | 15.3 | 6.0 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 9,457 | 234 | 407 | 185 | 14.2 | 2.5 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 12,144 | 903 | 345 | 389 | 29.7 | 7.4 | Nov 10, 2025 | J-GAAP |
| Oct - Dec, 2025 | 11,129 | 944 | 1,179 | 866 | 66.4 | 8.5 | Feb 9, 2026 | J-GAAP |
| YoY | +22.1% | +253.6% | +122.5% | +61.6% | +66.4% |
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