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Howa Machinery, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 19%, Exceeds Full-Year Plan

Thu Feb 12, 2026 3:00 pm JST Earnings

6203 Howa Machinery, Ltd. 【J-GAAP】

Earnings Report

Howa Machinery, Ltd. <6203> [TSE Std] announced its financial results in the afternoon session on February 12th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 18.8% from the same period last year to 970 million yen. However, Progress toward the full-year plan of 800 million yen is 121.3%, already exceeding the target and also exceeding the five-year average of 75.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a loss of 170 million yen (compared to a profit of 218 million 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 ordinary profit grew 18.0% from the same period last year, reaching 525 million yen. The operating profit margin improved from 6.8% in the same period last year to 8.5%.

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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 14,423 196 270 212 17.6 57.9 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 16,563 1,033 1,195 850 70.5 84.6 Feb 14, 2025 J-GAAP
Apr - Dec, 2025 16,807 810 970 549 45.6 121.2 Feb 12, 2026 J-GAAP
YoY +1.5% -21.6% -18.8% -35.4% -35.4%

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 14,114 615 663 202 16.8 20 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 11,430 287 355 134 11.1 20 Nov 14, 2025 J-GAAP
YoY -19.0% -53.3% -46.5% -33.7% -33.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 19,786 388 466 -873 -72.5 20 May 15, 2024 J-GAAP
Mar, 2025 24,827 1,253 1,413 749 62.2 20 May 15, 2025 J-GAAP
Mar, 2026 Guidance 23,200 670 800 240 19.9 20 Nov 14, 2025 J-GAAP
YoY -6.6% -46.5% -43.4% -68.0% -68.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 5,850 395 445 303 25.2 6.8 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 8,264 220 218 -101 -8.4 2.7 May 15, 2025 J-GAAP
Apr - Jun, 2025 5,192 433 507 346 28.8 8.3 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 6,578 -50 -62 -240 -20.0 -0.8 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 5,037 427 525 443 36.8 8.5 Feb 12, 2026 J-GAAP
YoY -13.9% +8.1% +18.0% +46.2% +46.2%

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