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SANTO, First Half Ordinary Profit Increases by 78%
1788 SANTO CORPORATION 【J-GAAP】
Earnings ReportSANTO CORPORATION <1788> [TSE Std] announced its financial results in the afternoon session on February 12th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2026 (July to December) expanded 310 million yen, an increase 78.2% compared to the same period last year. Progress toward the full-year plan of 350 million yen was 88.6%, also surpassing the five-year average of 81.0%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (second half) is expected to significant drop 75.6% from the same period last year to 40 million yen.
In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit decreased to 107 million yen, a 23.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.3% in the same period last year to 3.7%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2023 | 3,993 | 231 | 235 | 150 | 243.8 | 113.0 | Feb 9, 2024 | J-GAAP |
| Jul - Dec, 2024 | 3,509 | 170 | 174 | 106 | 171.3 | 51.5 | Feb 6, 2025 | J-GAAP |
| Jul - Dec, 2025 | 4,988 | 305 | 310 | 198 | 318.3 | 88.6 | Feb 12, 2026 | J-GAAP |
| YoY | +42.1% | +79.4% | +78.2% | +86.8% | +85.8% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2025 Guidance | 5,000 | 330 | 330 | 220 | 351.0 | 0 | Dec 25, 2025 | J-GAAP |
| Jul - Dec, 2025 Results | 4,988 | 305 | 310 | 198 | 318.3 | 0 | Feb 12, 2026 | J-GAAP |
| Revision Rate | -0.2% | -7.6% | -6.1% | -10.0% | -9.3% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 | 4,690 | 157 | 164 | 125 | 201.3 | 100 | Aug 8, 2025 | J-GAAP |
| Jan - Jun, 2026 Guidance | 4,012 | 45 | 40 | 52 | 83.0 | 70 | Feb 12, 2026 | J-GAAP |
| YoY | -14.5% | -71.3% | -75.6% | -58.4% | -58.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun, 2024 | 7,400 | 199 | 208 | 132 | 214.4 | 100 | Aug 9, 2024 | J-GAAP |
| Jun, 2025 | 8,199 | 327 | 338 | 231 | 371.9 | 100 | Aug 8, 2025 | J-GAAP |
| Jun, 2026 Guidance | 9,000 | 350 | 350 | 250 | 398.8 | 70 | Aug 8, 2025 | J-GAAP |
| YoY | +9.8% | +7.0% | +3.6% | +8.2% | +7.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 1,854 | 136 | 139 | 90 | 145.5 | 7.3 | Feb 6, 2025 | J-GAAP |
| Jan - Mar, 2025 | 2,567 | 218 | 218 | 143 | 230.8 | 8.5 | May 7, 2025 | J-GAAP |
| Apr - Jun, 2025 | 2,123 | -61 | -54 | -18 | -29.0 | -2.9 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 2,206 | 202 | 203 | 130 | 208.6 | 9.2 | Nov 12, 2025 | J-GAAP |
| Oct - Dec, 2025 | 2,782 | 103 | 107 | 68 | 109.3 | 3.7 | Feb 12, 2026 | J-GAAP |
| YoY | +50.1% | -24.3% | -23.0% | -24.4% | -24.9% |
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