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RYOHIN KEIKAKU, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 16%, Raises Record High Profit Forecast, Dividend Revised Upward by 4 Yen

Fri Apr 10, 2026 3:30 pm JST Earnings

7453 RYOHIN KEIKAKU CO.,LTD. 【J-GAAP】

Earnings Report

RYOHIN KEIKAKU CO.,LTD. <7453> [TSE Prime] announced its financial results after the market closed on April 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending August 2026 (September 2025 to February 2026) expanded 46.8 billion yen, an increase 35.5% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 15.8%, from the previous forecast of 76.0 billion yen to 88.0 billion yen (compared to 72.3 billion yen in the previous period), increasing the growth rate from 5.1% to 21.7%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the March to August period (second half) is expected to grow 9.0% from the same period last year, reaching 41.1 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 28 yen to 32 yen (compared to 50 yen before the 2-for-1 forward stock split in the previous period).

In the most recent three-month period, from December to February (2Q), the consolidated ordinary profit increased 33.5% from the same period last year, reaching 17.7 billion yen. The operating profit margin remained almost flat, changing from 7.7% in the same period last year to 7.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Sep - Feb, 2023 319,839 24,099 24,173 15,772 29.8 43.3 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 382,023 36,105 34,587 25,482 48.1 47.8 Apr 11, 2025 J-GAAP
Sep - Feb, 2025 438,549 45,045 46,873 34,262 64.6 53.3 Apr 10, 2026 J-GAAP
YoY +14.8% +24.8% +35.5% +34.5% +34.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2025 Guidance ー ー ー ー － 14 Oct 10, 2025 J-GAAP
Sep - Feb, 2025 Results 438,549 45,045 46,873 34,262 64.6 16 Apr 10, 2026 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2026 Prev 860,000 79,000 76,000 53,000 99.8 28 Oct 10, 2025 J-GAAP
Aug, 2026 New 887,000 89,000 88,000 62,000 116.8 32 Apr 10, 2026 J-GAAP
Revision Rate +3.1% +12.7% +15.8% +17.0% +17.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 402,606 37,735 37,714 25,364 47.9 14 Oct 10, 2025 J-GAAP
Mar - Aug, 2026 Guidance 448,451 43,955 41,127 27,738 52.3 16 Apr 10, 2026 J-GAAP
YoY +11.4% +16.5% +9.0% +9.4% +9.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 661,677 56,135 55,777 41,566 78.6 20 Oct 11, 2024 J-GAAP
Aug, 2025 784,629 73,840 72,301 50,846 95.9 25 Oct 10, 2025 J-GAAP
Aug, 2026 Guidance 887,000 89,000 88,000 62,000 116.8 32 Apr 10, 2026 J-GAAP
YoY +13.0% +20.5% +21.7% +21.9% +21.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2024 184,333 14,148 13,297 10,527 19.9 7.7 Apr 11, 2025 J-GAAP
Mar - May, 2025 209,070 23,301 23,239 18,109 34.2 11.1 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 193,536 14,434 14,475 7,255 13.7 7.5 Oct 10, 2025 J-GAAP
Sep - Nov, 2025 228,227 28,383 29,121 22,047 41.6 12.4 Jan 14, 2026 J-GAAP
Dec - Feb, 2025 210,322 16,662 17,752 12,215 23.0 7.9 Apr 10, 2026 J-GAAP
YoY +14.1% +17.8% +33.5% +16.0% +15.9%

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