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Oriental Shiraishi, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 14%

Fri Feb 13, 2026 3:00 pm JST Earnings

1786 Oriental Shiraishi Corporation 【J-GAAP】

Earnings Report

Oriental Shiraishi Corporation <1786> [TSE Prime] announced its financial results in the afternoon session on February 13th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 9.5% from the same period last year to 4.95 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 14.0%, from the previous forecast of 4.30 billion yen to 4.90 billion yen (compared to 5.55 billion yen in the previous period), and the declining rate is expected to decrease from 22.6% to 11.8%.

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 2.1 times, from the previous forecast of 0.53 billion yen to 1.13 billion yen (compared to 1.49 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 64.2% to 24.1%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.19 billion yen, a 15.7% decrease compared to the same period last year. The operating profit margin worsened from 7.9% in the same period last year to 5.6%.

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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 49,295 5,069 5,143 3,504 27.2 78.2 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 50,112 5,366 5,476 3,727 28.1 98.6 Feb 12, 2025 J-GAAP
Apr - Dec, 2025 52,744 4,669 4,958 3,349 25.9 101.2 Feb 13, 2026 J-GAAP
YoY +5.3% -13.0% -9.5% -10.1% -7.9%

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 29,879 557 535 168 1.3 7.50 Nov 12, 2025 J-GAAP
Oct - Mar, 2025 New 29,879 1,157 1,135 618 4.8 7.50 Feb 13, 2026 J-GAAP
Revision Rate 0.0% +107.7% +112.1% +267.9% +267.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 66,000 4,300 4,300 2,800 21.8 14.50 May 13, 2025 J-GAAP
Mar, 2026 New 66,000 4,900 4,900 3,250 25.3 14.50 Feb 13, 2026 J-GAAP
Revision Rate 0.0% +14.0% +14.0% +16.1% +16.1%

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 31,508 1,416 1,496 976 7.4 7.50 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 29,879 1,157 1,135 618 4.8 7.50 Feb 13, 2026 J-GAAP
YoY -5.2% -18.3% -24.1% -36.7% -34.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 67,382 6,533 6,580 4,632 35.7 14.50 May 13, 2024 J-GAAP
Mar, 2025 64,553 5,434 5,556 3,715 28.1 14.50 May 13, 2025 J-GAAP
Mar, 2026 Guidance 66,000 4,900 4,900 3,250 25.3 14.50 Feb 13, 2026 J-GAAP
YoY +2.2% -9.8% -11.8% -12.5% -10.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 17,067 1,348 1,416 988 7.5 7.9 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 14,441 68 80 -12 -0.1 0.5 May 13, 2025 J-GAAP
Apr - Jun, 2025 18,302 2,009 2,046 1,457 11.2 11.0 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 17,819 1,734 1,719 1,175 9.1 9.7 Nov 12, 2025 J-GAAP
Oct - Dec, 2025 16,623 926 1,193 717 5.6 5.6 Feb 13, 2026 J-GAAP
YoY -2.6% -31.3% -15.7% -27.4% -25.6%

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