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Showa Manufacturing, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 10% Increase, Raises Record High Profit, Dividend Revised Upward by 50 Yen

Wed Mar 25, 2026 5:00 pm JST Revision

5953 Showa Manufacturing Co.,Ltd. 【J-GAAP】

Guidance Update Report

Showa Manufacturing Co.,Ltd. <5953> [FSE] announced a revision to its performance and dividend after the market closed on March 25th (17:00). The consolidated ordinary profit forecast for the fiscal year ending March 2026 has been revised upward 33.6%, from the previous forecast of 1.10 billion yen to 1.47 billion yen (compared to 1.34 billion yen in the previous period), record profits reach three consecutive terms, turning to a 9.5% increase in the consolidated ordinary profit outlook.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated ordinary profit is expected to increase 58.5%, from the previous forecast of 0.63 billion yen to 1.00 billion yen (compared to 0.89 billion yen in the same period of the previous year), turning to a 12.2% 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 100 yen to 150 yen (compared to 120 yen in the previous period).

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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 8,879 650 632 442 536.7 100 Nov 7, 2025 J-GAAP
Oct - Mar, 2025 New 8,679 920 1,002 692 840.2 150 Mar 25, 2026 J-GAAP
Revision Rate -2.3% +41.5% +58.5% +56.6% +56.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 15,200 980 1,100 750 910.6 100 May 14, 2025 J-GAAP
Mar, 2026 New 15,000 1,250 1,470 1,000 1,214.1 150 Mar 25, 2026 J-GAAP
Revision Rate -1.3% +27.6% +33.6% +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
Oct - Mar, 2024 8,068 806 893 775 941.1 120 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 8,679 920 1,002 692 840.2 150 Mar 25, 2026 J-GAAP
YoY +7.6% +14.1% +12.2% -10.7% -10.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 13,515 662 832 1,048 1,272.9 140 May 10, 2024 J-GAAP
Mar, 2025 14,420 1,205 1,342 1,047 1,271.4 120 May 14, 2025 J-GAAP
Mar, 2026 Guidance 15,000 1,250 1,470 1,000 1,214.1 150 Mar 25, 2026 J-GAAP
YoY +4.0% +3.7% +9.5% -4.5% -4.5%

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