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Topre, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 42%
5975 Topre Corporation 【J-GAAP】
Earnings ReportTopre Corporation <5975> [TSE Prime] announced its financial results after the market closed on February 13th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 12.8% from the same period last year, reaching 24.0 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 42.1%, from the previous forecast of 19.0 billion yen to 27.0 billion yen (compared to 27.3 billion yen in the previous period), and the declining rate is expected to decrease from 30.6% to 1.4%.
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 99.9%, from the previous forecast of 8.01 billion yen to 16.0 billion yen (compared to 22.4 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 64.2% to 28.5%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 13.0 billion yen, a 20.0% decrease compared to the same period last year. However, the operating profit margin improved from 7.4% in the same period last year to 8.2%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 259,577 | 13,211 | 21,116 | 14,379 | 273.9 | 55.8 | Feb 14, 2024 | J-GAAP |
| Apr - Dec, 2024 | 274,284 | 17,106 | 21,343 | 9,743 | 191.2 | 78.0 | Feb 14, 2025 | J-GAAP |
| Apr - Dec, 2025 | 273,227 | 18,274 | 24,083 | 12,539 | 252.8 | 89.2 | Feb 13, 2026 | J-GAAP |
| YoY | -0.4% | +6.8% | +12.8% | +28.7% | +32.2% |
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 | 187,245 | 11,528 | 8,012 | 4,780 | 96.7 | 40 | Nov 14, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 192,245 | 13,528 | 16,012 | 5,780 | 117.0 | 40 | Feb 13, 2026 | J-GAAP |
| Revision Rate | +2.7% | +17.3% | +99.9% | +20.9% | +20.9% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 365,000 | 22,000 | 19,000 | 12,000 | 242.8 | 80 | May 14, 2025 | J-GAAP |
| Mar, 2026 New | 370,000 | 24,000 | 27,000 | 13,000 | 263.1 | 80 | Feb 13, 2026 | J-GAAP |
| Revision Rate | +1.4% | +9.1% | +42.1% | +8.3% | +8.3% |
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 | 194,865 | 18,613 | 22,406 | 11,404 | 224.2 | 50 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 192,245 | 13,528 | 16,012 | 5,780 | 117.0 | 40 | Feb 13, 2026 | J-GAAP |
| YoY | -1.3% | -27.3% | -28.5% | -49.3% | -47.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 354,922 | 22,406 | 37,840 | 17,099 | 326.7 | 55 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 373,568 | 28,648 | 27,378 | 14,143 | 278.0 | 85 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 370,000 | 24,000 | 27,000 | 13,000 | 263.1 | 80 | Feb 13, 2026 | J-GAAP |
| YoY | -1.0% | -16.2% | -1.4% | -8.1% | -5.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 95,581 | 7,071 | 16,371 | 7,004 | 137.5 | 7.4 | Feb 14, 2025 | J-GAAP |
| Jan - Mar, 2025 | 99,284 | 11,542 | 6,035 | 4,400 | 86.5 | 11.6 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 88,120 | 4,873 | 2,744 | 2,039 | 40.8 | 5.5 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 89,635 | 5,599 | 8,244 | 5,181 | 104.2 | 6.2 | Nov 14, 2025 | J-GAAP |
| Oct - Dec, 2025 | 95,472 | 7,802 | 13,095 | 5,319 | 107.2 | 8.2 | Feb 13, 2026 | J-GAAP |
| YoY | -0.1% | +10.3% | -20.0% | -24.1% | -22.0% |
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