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IHI, Apr-Dec (Cumulative 3Q) Net Income Increases by 11%

Tue Feb 10, 2026 1:00 pm JST Earnings

7013 IHI Corporation 【IFRS】

Earnings Report

IHI Corporation <7013> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 10th (13:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 10.7% from the same period last year, reaching 85.0 billion yen. Progress toward the full-year plan of 125 billion yen was 68.0%, exceeding the five-year average of 56.9%.

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 for the January to March period (4Q) is expected to grow 11.2% from the same period last year, reaching 39.9 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 29.1 billion yen, a 22.4% decrease compared to the same period last year. However, the operating profit margin improved from 6.7% in the same period last year to 8.0%.

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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 866,663 -103,787 -109,909 -109,599 -103.5 Feb 9, 2024 IFRS
Apr - Dec, 2024 1,149,990 103,463 114,616 76,790 72.5 82.8 Feb 7, 2025 IFRS
Apr - Dec, 2025 1,129,339 102,536 118,974 85,014 80.2 82.1 Feb 10, 2026 IFRS
YoY -1.8% -0.9% +3.8% +10.7% +10.7%

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 869,343 66,254 75,828 73,431 69.3 10 May 8, 2025 IFRS
Oct - Mar, 2025 Guidance 926,349 90,551 70,291 69,088 65.2 10 Nov 6, 2025 IFRS
YoY +6.6% +36.7% -7.3% -5.9% -6.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,322,591 -70,138 -72,280 -68,214 -64.4 14.29 May 8, 2024 IFRS
Mar, 2025 1,626,831 143,517 138,488 112,740 106.4 17.14 May 8, 2025 IFRS
Mar, 2026 Guidance 1,640,000 160,000 145,000 125,000 117.9 20 Nov 6, 2025 IFRS
YoY +0.8% +11.5% +4.7% +10.9% +10.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 392,502 26,200 51,956 37,481 35.4 6.7 Feb 7, 2025 IFRS
Jan - Mar, 2025 476,841 40,054 23,872 35,950 33.9 8.4 May 8, 2025 IFRS
Apr - Jun, 2025 337,791 20,889 20,225 11,601 11.0 6.2 Aug 6, 2025 IFRS
Jul - Sep, 2025 375,860 48,560 54,484 44,311 41.8 12.9 Nov 6, 2025 IFRS
Oct - Dec, 2025 415,688 33,087 44,265 29,102 27.5 8.0 Feb 10, 2026 IFRS
YoY +5.9% +26.3% -14.8% -22.4% -22.4%

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