kabutan

Musashino Kogyo, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 58%

Thu Feb 12, 2026 4:00 pm JST Earnings

9635 Musashino Kogyo Co.,Ltd. 【J-GAAP】

Earnings Report

Musashino Kogyo Co.,Ltd. <9635> [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) increased 8.5% from the same period last year, reaching 51 million yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 57.5%, from the previous forecast of 40 million yen to 63 million yen (compared to 87 million yen in the previous period), and the declining rate is expected to decrease from 54.0% to 27.6%.

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 2.6 times, from the previous forecast of 14 million yen to 37 million yen (compared to 65 million yen in the same period of the previous year), and the declining rate is expected to decrease from 78.5% to 43.1%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 25 million yen, remained almost flat compared to the same period last year. The operating profit margin remained almost flat, changing from 6.0% in the same period last year to 6.0%.

Kabutan News

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 935 6 3 -3 -3.3 16.7 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 1,006 42 47 39 37.5 54.0 Feb 12, 2025 J-GAAP
Apr - Dec, 2025 981 28 51 326 312.0 81.0 Feb 12, 2026 J-GAAP
YoY -2.5% -33.3% +8.5% +735.9% +732.6%

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 623 5 14 14 13.4 0 Nov 12, 2025 J-GAAP
Oct - Mar, 2025 New 648 23 37 14 13.4 0 Feb 12, 2026 J-GAAP
Revision Rate +4.0% +360.0% +164.3% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,255 12 40 340 325.0 0 Aug 28, 2025 J-GAAP
Mar, 2026 New 1,280 30 63 340 325.0 0 Feb 12, 2026 J-GAAP
Revision Rate +2.0% +150.0% +57.5% 0.0% 0.0%

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 707 48 65 45 43.7 0 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 648 23 37 14 13.4 0 Feb 12, 2026 J-GAAP
YoY -8.3% -52.1% -43.1% -68.9% -69.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,282 20 18 4 4.5 0 May 14, 2024 J-GAAP
Mar, 2025 1,364 69 87 64 62.1 0 May 14, 2025 J-GAAP
Mar, 2026 Guidance 1,280 30 63 340 325.0 0 Feb 12, 2026 J-GAAP
YoY -6.2% -56.5% -27.6% +431.3% +423.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 349 21 25 20 19.2 6.0 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 358 27 40 25 24.3 7.5 May 14, 2025 J-GAAP
Apr - Jun, 2025 303 4 12 11 10.9 1.3 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 329 3 14 315 301.8 0.9 Nov 12, 2025 J-GAAP
Oct - Dec, 2025 349 21 25 0 -0.3 6.0 Feb 12, 2026 J-GAAP
YoY 0.0% 0.0% 0.0% － －

Related Articles