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Ray, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 35%, Highest in Three Terms, Dividend Revised Upward by 5 Yen

Thu Feb 19, 2026 3:30 pm JST Revision

4317 Ray Corporation 【J-GAAP】

Guidance Update Report

Ray Corporation <4317> [TSE Std] announced a revision to its performance and dividend after the market closed on February 19th (15:30). The consolidated ordinary profit forecast for the fiscal year ending February 2026 has been revised upward 34.6%, from the previous forecast of 1.30 billion yen to 1.75 billion yen (compared to 1.05 billion yen in the previous period), increasing the growth rate from 23.8% to 66.7%, reaches new record high for the first time in three terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the September to February period (second half) consolidated ordinary profit is expected to increase 86.2%, from the previous forecast of 0.52 billion yen to 0.97 billion yen (compared to 0.81 billion yen in the same period of the previous year), turning to a 19.4% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 15 yen to 20 yen (compared to 15 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2025 Prev 6,655 492 522 353 26.8 15 Oct 9, 2025 J-GAAP
Sep - Feb, 2025 New 7,555 892 972 653 49.6 20 Feb 19, 2026 J-GAAP
Revision Rate +13.5% +81.3% +86.2% +85.0% +85.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Prev 12,500 1,200 1,300 900 68.4 15 Oct 9, 2025 J-GAAP
Feb, 2026 New 13,400 1,600 1,750 1,200 91.2 20 Feb 19, 2026 J-GAAP
Revision Rate +7.2% +33.3% +34.6% +33.3% +33.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 5,943 755 814 576 41.8 15 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 Guidance 7,555 892 972 653 49.6 20 Feb 19, 2026 J-GAAP
YoY +27.1% +18.1% +19.4% +13.4% +18.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 11,222 1,152 1,311 818 57.3 15 Apr 12, 2024 J-GAAP
Feb, 2025 10,456 927 1,050 745 54.1 15 Apr 14, 2025 J-GAAP
Feb, 2026 Guidance 13,400 1,600 1,750 1,200 91.2 20 Feb 19, 2026 J-GAAP
YoY +28.2% +72.6% +66.7% +61.1% +68.6%

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