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Ifuji Sangyo, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 10%, Oct-Dec Ordinary Profit Decreases by 22%
2924 Ifuji Sangyo Co., Ltd. 【J-GAAP】
Earnings ReportIfuji Sangyo Co., Ltd. <2924> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 9.7% from the same period last year to 2.19 billion yen. However, Progress toward the full-year plan of 2.67 billion yen was 82.1%, almost the same as the five-year average of 81.7%.
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 for the January to March period (4Q) is expected to decrease 22.0% from the same period last year to 0.48 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.70 billion yen, a 22.2% decrease compared to the same period last year. The operating profit margin significantly dropped from 11.8% in the same period last year to 7.9%.
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 | 19,506 | 1,639 | 1,679 | 1,469 | 178.0 | 92.8 | Feb 13, 2024 | J-GAAP |
| Apr - Dec, 2024 | 18,394 | 2,388 | 2,434 | 1,652 | 199.7 | 79.8 | Feb 12, 2025 | J-GAAP |
| Apr - Dec, 2025 | 24,762 | 2,172 | 2,199 | 1,519 | 186.6 | 82.1 | Feb 12, 2026 | J-GAAP |
| YoY | +34.6% | -9.0% | -9.7% | -8.1% | -6.6% |
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 | 14,470 | 1,475 | 1,515 | 1,067 | 129.3 | 40 | May 7, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 14,625 | 1,209 | 1,180 | 791 | 97.1 | 35 | Nov 13, 2025 | J-GAAP |
| YoY | +1.1% | -18.0% | -22.1% | -25.9% | -24.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 24,503 | 1,766 | 1,809 | 1,597 | 193.5 | 48 | May 7, 2024 | J-GAAP |
| Mar, 2025 | 25,557 | 2,998 | 3,049 | 2,102 | 254.7 | 66 | May 7, 2025 | J-GAAP |
| Mar, 2026 Guidance | 30,661 | 2,689 | 2,679 | 1,827 | 224.2 | 67 | Nov 13, 2025 | J-GAAP |
| YoY | +20.0% | -10.3% | -12.1% | -13.1% | -12.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 7,307 | 865 | 900 | 617 | 74.6 | 11.8 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 7,163 | 610 | 615 | 450 | 54.5 | 8.5 | May 7, 2025 | J-GAAP |
| Apr - Jun, 2025 | 8,225 | 895 | 901 | 629 | 77.4 | 10.9 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 7,811 | 585 | 598 | 407 | 50.0 | 7.5 | Nov 13, 2025 | J-GAAP |
| Oct - Dec, 2025 | 8,726 | 692 | 700 | 483 | 59.3 | 7.9 | Feb 12, 2026 | J-GAAP |
| YoY | +19.4% | -20.0% | -22.2% | -21.7% | -20.5% |
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