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EPCO, 30% Increase in Ordinary Profit for The Current Fiscal Year
2311 EPCO Co.,Ltd. 【J-GAAP】
Earnings ReportEPCO Co.,Ltd. <2311> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the fiscal year ended December 2025 increased by 9.1% from the previous period to 481 million yen. For the fiscal year ending December 2026, the consolidated ordinary profit is expected to grow by 29.7% to 624 million yen. This will be the twelfth consecutive term of revenue and the fourth consecutive term of profit growth.
At the same time, the company plans to remove the commemorative dividend of the previous term and set the dividend for this term at an ordinary dividend of 32 yen.
In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit dropped to 153 million yen, a 40.5% decrease compared to the same period last year. However, the operating profit margin improved from 4.8% in the same period last year to 5.4%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2023 | 5,059 | 161 | 425 | 626 | 70.1 | 32 | Feb 13, 2024 | J-GAAP |
| Dec, 2024 | 5,607 | 334 | 441 | 327 | 36.6 | 32 | Feb 13, 2025 | J-GAAP |
| Dec, 2025 | 6,252 | 376 | 481 | 424 | 47.5 | 35 | Feb 12, 2026 | J-GAAP |
| YoY | +11.5% | +12.6% | +9.1% | +29.7% | +29.8% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2025 Guidance | 6,530 | 426 | 531 | 492 | 55.0 | 35 | Nov 25, 2025 | J-GAAP |
| Dec, 2025 Results | 6,252 | 376 | 481 | 424 | 47.5 | 35 | Feb 12, 2026 | J-GAAP |
| Revision Rate | -4.3% | -11.7% | -9.4% | -13.8% | -13.6% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 | 3,351 | 218 | 235 | 201 | 22.5 | 14 | Aug 7, 2025 | J-GAAP |
| Jan - Jun, 2026 Guidance | 3,162 | 107 | 227 | 187 | 20.9 | 14 | Feb 12, 2026 | J-GAAP |
| YoY | -5.6% | -50.9% | -3.4% | -7.0% | -7.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2024 | 5,607 | 334 | 441 | 327 | 36.6 | 32 | Feb 13, 2025 | J-GAAP |
| Dec, 2025 | 6,252 | 376 | 481 | 424 | 47.5 | 35 | Feb 12, 2026 | J-GAAP |
| Dec, 2026 Guidance | 6,680 | 399 | 624 | 485 | 54.2 | 32 | Feb 12, 2026 | J-GAAP |
| YoY | +6.8% | +6.1% | +29.7% | +14.4% | +14.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 1,417 | 68 | 257 | 243 | 27.2 | 4.8 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 1,493 | 55 | 32 | 52 | 5.9 | 3.7 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 1,858 | 163 | 203 | 149 | 16.7 | 8.8 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 1,393 | 76 | 93 | 94 | 10.5 | 5.5 | Nov 13, 2025 | J-GAAP |
| Oct - Dec, 2025 | 1,508 | 82 | 153 | 129 | 14.4 | 5.4 | Feb 12, 2026 | J-GAAP |
| YoY | +6.4% | +20.6% | -40.5% | -46.9% | -46.9% |
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