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Tensho Electric Industries, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 17%
6776 Tensho Electric Industries Co., Ltd. 【J-GAAP】
Earnings ReportTensho Electric Industries Co., Ltd. <6776> [TSE Std] announced its financial results after the market closed on February 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 15.3% from the same period last year to 0.65 billion yen.
However, the full-year forecast for consolidated ordinary profit has been revised upward 16.7%, from the previous forecast of 0.60 billion yen to 0.70 billion yen (compared to 1.07 billion yen in the previous period), and the declining rate is expected to decrease from 44.4% to 35.1%.
Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has been revised upward 29.5%, from the previous forecast of 0.33 billion yen to 0.43 billion yen (compared to 0.77 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 56.0% to 43.0%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.39 billion yen, a 15.2% decrease compared to the same period last year. However, the operating profit margin improved from 4.2% in the same period last year to 5.3%.
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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 |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 20,273 | 892 | 1,077 | 796 | 46.8 | 81.5 | Feb 13, 2024 | J-GAAP |
| Apr - Dec, 2024 | 20,936 | 599 | 769 | 446 | 26.3 | 71.3 | Feb 12, 2025 | J-GAAP |
| Apr - Dec, 2025 | 16,173 | 486 | 651 | 203 | 11.9 | 93.0 | Feb 12, 2026 | J-GAAP |
| YoY | -22.8% | -18.9% | -15.3% | -54.5% | -54.6% |
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 | 11,609 | 418 | 339 | 275 | 16.2 | 5 | Nov 12, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 11,609 | 418 | 439 | 325 | 19.1 | 5 | Feb 12, 2026 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | +29.5% | +18.2% | +18.1% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 22,000 | 600 | 600 | 200 | 11.8 | 5 | Nov 12, 2025 | J-GAAP |
| Mar, 2026 New | 22,000 | 600 | 700 | 250 | 14.7 | 5 | Feb 12, 2026 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | +16.7% | +25.0% | +24.9% |
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 | 14,218 | 623 | 770 | 1,090 | 64.1 | 5 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 11,609 | 418 | 439 | 325 | 19.1 | 5 | Feb 12, 2026 | J-GAAP |
| YoY | -18.3% | -32.9% | -43.0% | -70.2% | -70.2% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 26,905 | 1,062 | 1,322 | 948 | 55.8 | 5 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 27,885 | 914 | 1,079 | 1,264 | 74.3 | 5 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 22,000 | 600 | 700 | 250 | 14.7 | 5 | Feb 12, 2026 | J-GAAP |
| YoY | -21.1% | -34.4% | -35.1% | -80.2% | -80.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 7,269 | 308 | 460 | 272 | 16.0 | 4.2 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 6,949 | 315 | 310 | 818 | 48.1 | 4.5 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 4,989 | 64 | 145 | 221 | 13.0 | 1.3 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 5,402 | 118 | 116 | -296 | -17.4 | 2.2 | Nov 12, 2025 | J-GAAP |
| Oct - Dec, 2025 | 5,782 | 304 | 390 | 278 | 16.3 | 5.3 | Feb 12, 2026 | J-GAAP |
| YoY | -20.5% | -1.3% | -15.2% | +2.2% | +2.0% |
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