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ICHIKAWA, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 19%, Exceeds Full-Year Plan, Current Fiscal Year Dividend Revised Upward by 10 Yen

Fri Feb 13, 2026 3:00 pm JST Earnings

3513 ICHIKAWA CO., LTD. 【J-GAAP】

Earnings Report

ICHIKAWA CO., LTD. <3513> [TSE Std] 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) increased 19.0% from the same period last year, reaching 1.42 billion yen. Progress toward the full-year plan of 1.30 billion yen is 109.6%, already exceeding the target and also exceeding the five-year average of 77.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a loss of 0.12 billion yen (compared to a profit of 0.01 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 80 yen to 90 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.48 billion yen, an 18.3% decrease compared to the same period last year. However, the operating profit margin rose from 12.6% in the same period last year to 12.7%.

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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 10,086 935 1,111 765 170.1 95.1 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 10,641 1,042 1,197 799 185.0 98.4 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 10,828 1,250 1,425 1,051 245.9 109.6 Feb 13, 2026 J-GAAP
YoY +1.8% +20.0% +19.0% +31.5% +32.9%

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 6,803 512 358 203 48.3 40 Nov 14, 2025 J-GAAP
Oct - Mar, 2025 New 6,803 512 358 203 48.3 50 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 14,000 1,300 1,300 900 213.9 80 Oct 31, 2025 J-GAAP
Mar, 2026 New 14,000 1,300 1,300 900 213.9 90 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 7,081 507 610 381 88.4 40 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 6,803 512 358 203 48.3 50 Feb 13, 2026 J-GAAP
YoY -3.9% +1.0% -41.3% -46.7% -45.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 13,603 1,115 1,168 1,018 227.8 70 May 15, 2024 J-GAAP
Mar, 2025 13,947 1,072 1,216 782 181.5 80 May 15, 2025 J-GAAP
Mar, 2026 Guidance 14,000 1,300 1,300 900 213.9 90 Feb 13, 2026 J-GAAP
YoY +0.4% +21.3% +6.9% +15.1% +17.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 3,775 477 591 398 92.1 12.6 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 3,306 30 19 -17 -4.0 0.9 May 15, 2025 J-GAAP
Apr - Jun, 2025 3,409 255 378 308 72.5 7.5 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 3,788 533 564 389 91.0 14.1 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 3,631 462 483 354 82.8 12.7 Feb 13, 2026 J-GAAP
YoY -3.8% -3.1% -18.3% -11.1% -10.1%

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