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AUTOWAVE, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 17%, Current Fiscal Year Dividend Revised Upward by 1 Yen
2666 AUTOWAVE Co.,Ltd. 【J-GAAP】
Earnings ReportAUTOWAVE Co.,Ltd. <2666> [TSE Std] announced its financial results in the afternoon session on February 13th (14:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 17.3% from the same period last year, reaching 360 million yen. Progress toward the full-year plan of 458 million yen was 78.6%, almost the same as the five-year average of 79.7%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to decrease 5.8% from the same period last year to 98 million yen.
At the same time, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 3 yen to 4 yen (compared to 3 yen in the previous period).
In the most recent three-month period, from October to December (3Q), the ordinary profit decreased to 185 million yen, a 3.1% decrease compared to the same period last year. The operating profit margin worsened from 6.2% in the same period last year to 5.5%.
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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 | 6,320 | 251 | 338 | 209 | 14.5 | 79.3 | Feb 9, 2024 | J-GAAP |
| Apr - Dec, 2024 | 6,495 | 209 | 307 | 185 | 12.9 | 74.7 | Feb 14, 2025 | J-GAAP |
| Apr - Dec, 2025 | 7,280 | 253 | 360 | 230 | 16.0 | 78.6 | Feb 13, 2026 | J-GAAP |
| YoY | +12.1% | +21.1% | +17.3% | +24.3% | +24.0% |
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 | 4,930 | 233 | 283 | 184 | 12.7 | 3 | Nov 7, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 4,930 | 233 | 283 | 184 | 12.7 | 4 | Feb 13, 2026 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | 0.0% | 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 | 9,571 | 342 | 458 | 285 | 19.7 | 3 | May 9, 2025 | J-GAAP |
| Mar, 2026 New | 9,571 | 342 | 458 | 285 | 19.7 | 4 | Feb 13, 2026 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | 0.0% | 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 | 4,805 | 216 | 295 | 201 | 14.0 | 3 | May 9, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 4,930 | 233 | 283 | 184 | 12.7 | 4 | Feb 13, 2026 | J-GAAP |
| YoY | +2.6% | +7.9% | -4.1% | -8.5% | -8.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 8,422 | 333 | 426 | 263 | 18.2 | 3 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 8,871 | 274 | 411 | 268 | 18.6 | 3 | May 9, 2025 | J-GAAP |
| Mar, 2026 Guidance | 9,571 | 342 | 458 | 285 | 19.7 | 4 | Feb 13, 2026 | J-GAAP |
| YoY | +7.9% | +24.8% | +11.4% | +6.3% | +6.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 2,429 | 151 | 191 | 118 | 8.2 | 6.2 | Feb 14, 2025 | J-GAAP |
| Jan - Mar, 2025 | 2,376 | 65 | 104 | 83 | 5.8 | 2.7 | May 9, 2025 | J-GAAP |
| Apr - Jun, 2025 | 2,320 | 54 | 88 | 48 | 3.4 | 2.3 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 2,321 | 55 | 87 | 53 | 3.7 | 2.4 | Nov 7, 2025 | J-GAAP |
| Oct - Dec, 2025 | 2,639 | 144 | 185 | 129 | 9.0 | 5.5 | Feb 13, 2026 | J-GAAP |
| YoY | +8.6% | -4.6% | -3.1% | +9.3% | +9.1% |
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