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ASAKA INDUSTRIAL, Net Income Forecast for the Fiscal Year Revised Upward to an Unexpected 67% Increase, Highest in Two Terms, Dividend Revised Upward by 50 Yen

Thu Feb 12, 2026 3:30 pm JST Earnings

5962 ASAKA INDUSTRIAL CO.,LTD. 【J-GAAP】

Earnings Report

ASAKA INDUSTRIAL CO.,LTD. <5962> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The net income (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 7.5% from the same period last year to 222 million yen.

However, the full-year forecast for net income has been revised upward 2.5 times, from the previous forecast of 150 million yen to 380 million yen (compared to 227 million yen in the previous period), reaches new record high for the first time in two terms, turning to a 67.4% increase in the net income outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the net income for the October to March period (second half) is expected to increase 6.6 times, from the previous forecast of 41 million yen to 271 million yen (compared to 13 million yen in the same period of the previous year), increasing the growth rate from 3.2 times to 21 times.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 40 yen to 90 yen (compared to 50 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the net income surged 4.3 times that of the same period last year, reaching 113 million yen. The operating profit margin significantly improved from 1.5% in the same period last year to 6.4%.

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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 6,847 338 391 313 326.5 105.7 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 6,627 315 350 240 250.4 104.2 Feb 12, 2025 J-GAAP
Apr - Dec, 2025 6,504 287 325 222 231.4 108.3 Feb 12, 2026 J-GAAP
YoY -1.9% -8.9% -7.1% -7.5% -7.6%

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 4,172 52 60 41 42.7 40 Nov 12, 2025 J-GAAP
Oct - Mar, 2025 New 3,972 117 140 271 282.1 90 Feb 12, 2026 J-GAAP
Revision Rate -4.8% +125.0% +133.3% +561.0% +561.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 8,500 200 220 150 156.2 40 May 12, 2025 J-GAAP
Mar, 2026 New 8,300 265 300 380 395.6 90 Feb 12, 2026 J-GAAP
Revision Rate -2.4% +32.5% +36.4% +153.3% +153.3%

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 3,813 18 26 13 13.6 50 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 3,972 117 140 271 282.1 90 Feb 12, 2026 J-GAAP
YoY +4.2% +550.0% +438.5% +1,984.6% +1,979.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 8,582 311 370 302 315.0 50 May 13, 2024 J-GAAP
Mar, 2025 8,448 304 336 227 237.0 50 May 12, 2025 J-GAAP
Mar, 2026 Guidance 8,300 265 300 380 395.6 90 Feb 12, 2026 J-GAAP
YoY -1.8% -12.8% -10.7% +67.4% +66.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,992 29 40 26 27.1 1.5 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 1,821 -11 -14 -13 -13.6 -0.6 May 12, 2025 J-GAAP
Apr - Jun, 2025 2,285 108 121 83 87.1 4.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 2,043 40 39 26 27.1 2.0 Nov 12, 2025 J-GAAP
Oct - Dec, 2025 2,176 139 165 113 117.8 6.4 Feb 12, 2026 J-GAAP
YoY +9.2% +379.3% +312.5% +334.6% +334.1%

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