Japan Process Development, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 15%, Raises Record High Profit Forecast, Dividend Revised Upward by 10 Yen

Tue Mar 31, 2026 3:30 pm JST

Japan Process Development Co.,Ltd. <9651> [TSE Std] announced its financial results after the market closed on March 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending May 2026 (June 2025 to February 2026) increased 18.2% from the same period last year, reaching 1.16 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 15.2%, from the previous forecast of 1.28 billion yen to 1.48 billion yen (compared to 1.28 billion yen in the previous period), increasing the growth rate from 0.3% to 15.5%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the December to May period (second half) is expected to increase 36.7%, from the previous forecast of 0.53 billion yen to 0.72 billion yen (compared to 0.62 billion yen in the same period of the previous year), turning to a 15.9% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 66 yen to 76 yen (compared to 62 yen in the previous period).

In the most recent three-month period, from December to February (3Q), the consolidated ordinary profit grew 24.5% from the same period last year, reaching 0.40 billion yen. The operating profit margin rose from 11.9% in the same period last year to 13.1%.

Kabutan News

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
Jun - Feb, 2023	6,883	717	752	542	56.1	74.6	Mar 29, 2024	J-GAAP
Jun - Feb, 2024	7,622	855	981	1,242	128.4	76.6	Mar 31, 2025	J-GAAP
Jun - Feb, 2025	8,920	1,143	1,160	858	88.6	78.4	Mar 31, 2026	J-GAAP
YoY	+17.0%	+33.7%	+18.2%	-30.9%	-31.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2025 Prev	5,665	521	532	387	39.9	33	Dec 26, 2025	J-GAAP
Dec - May, 2025 New	6,165	721	727	532	54.9	43	Mar 31, 2026	J-GAAP
Revision Rate	+8.8%	+38.4%	+36.7%	+37.5%	+37.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2026 Prev	11,500	1,260	1,285	945	97.5	66	Jul 10, 2025	J-GAAP
May, 2026 New	12,000	1,460	1,480	1,090	112.4	76	Mar 31, 2026	J-GAAP
Revision Rate	+4.3%	+15.9%	+15.2%	+15.3%	+15.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2024	5,511	606	627	1,014	104.8	36	Jul 10, 2025	J-GAAP
Dec - May, 2025 Guidance	6,165	721	727	532	54.9	43	Mar 31, 2026	J-GAAP
YoY	+11.9%	+19.0%	+15.9%	-47.5%	-47.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2024	9,468	956	1,008	730	75.6	38	Jul 9, 2024	J-GAAP
May, 2025	10,473	1,144	1,281	1,478	152.8	62	Jul 10, 2025	J-GAAP
May, 2026 Guidance	12,000	1,460	1,480	1,090	112.4	76	Mar 31, 2026	J-GAAP
YoY	+14.6%	+27.6%	+15.5%	-26.3%	-26.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Dec - Feb, 2024	2,660	317	327	778	80.4	11.9	Mar 31, 2025	J-GAAP
Mar - May, 2025	2,851	289	300	236	24.4	10.1	Jul 10, 2025	J-GAAP
Jun - Aug, 2025	2,752	341	354	262	27.1	12.4	Sep 30, 2025	J-GAAP
Sep - Nov, 2025	3,083	398	399	296	30.6	12.9	Dec 26, 2025	J-GAAP
Dec - Feb, 2025	3,085	404	407	300	31.0	13.1	Mar 31, 2026	J-GAAP
YoY	+16.0%	+27.4%	+24.5%	-61.4%	-61.5%