Suminoe, Net Income Forecast for the Fiscal Year Revised Downward to an Unexpected 40% Decrease, Dividend Revised down by 3 Yen

Fri Apr 10, 2026 3:30 pm JST

SUMINOE Co., Ltd. <3501> [TSE Prime] announced its financial results after the market closed on April 10th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending May 2026 (June 2025 to February 2026) turned into a loss of 0.03 billion yen (compared to a profit of 0.08 billion yen in the same period last year).

In addition, the full-year forecast for consolidated net income has decreased 73.3%, from the previous forecast of 1.50 billion yen to 0.40 billion yen (compared to 0.66 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 40.2% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the December to May period (second half) has decreased 77.8%, from the previous forecast of 1.41 billion yen to 0.31 billion yen (compared to 0.60 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 48.0% decrease in profit.

Due to a decline in performance, the company has reduced its planned annual dividend for the current fiscal year from the original plan of 43 yen to 40 yen.

In the most recent three-month period, from December to February (3Q), the consolidated net income/loss turned to a loss of 0.11 billion yen (compared to a profit of 0.02 billion yen in the same period last year). The operating profit margin worsened from 2.9% in the same period last year to 1.6%.

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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	77,179	2,187	2,496	1,055	80.4	68.0	Apr 11, 2024	J-GAAP
Jun - Feb, 2024	76,735	1,490	1,093	85	6.4	43.5	Apr 11, 2025	J-GAAP
Jun - Feb, 2025	79,091	1,315	1,623	-30	-2.3	64.9	Apr 10, 2026	J-GAAP
YoY	+3.1%	-11.7%	+48.5%	－	－

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	52,038	2,214	2,163	1,414	106.6	21.50	Jan 9, 2026	J-GAAP
Dec - May, 2025 New	53,038	1,314	1,313	314	23.7	18.50	Apr 10, 2026	J-GAAP
Revision Rate	+1.9%	-40.7%	-39.3%	-77.8%	-77.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2026 Prev	105,000	3,100	3,350	1,500	113.1	43	Jul 11, 2025	J-GAAP
May, 2026 New	106,000	2,200	2,500	400	30.2	40	Apr 10, 2026	J-GAAP
Revision Rate	+1.0%	-29.0%	-25.4%	-73.3%	-73.3%

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	54,093	2,259	2,068	604	45.3	20	Jul 11, 2025	J-GAAP
Dec - May, 2025 Guidance	53,038	1,314	1,313	314	23.7	18.50	Apr 10, 2026	J-GAAP
YoY	-2.0%	-41.8%	-36.5%	-48.0%	-47.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2024	103,478	3,300	3,668	874	66.1	35	Jul 12, 2024	J-GAAP
May, 2025	104,791	3,001	2,514	669	50.2	40	Jul 11, 2025	J-GAAP
May, 2026 Guidance	106,000	2,200	2,500	400	30.2	40	Apr 10, 2026	J-GAAP
YoY	+1.2%	-26.7%	-0.6%	-40.2%	-39.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Dec - Feb, 2024	26,037	748	647	20	1.5	2.9	Apr 11, 2025	J-GAAP
Mar - May, 2025	28,056	1,511	1,421	584	43.8	5.4	Jul 11, 2025	J-GAAP
Jun - Aug, 2025	25,465	318	533	59	4.5	1.2	Oct 10, 2025	J-GAAP
Sep - Nov, 2025	27,497	568	654	27	2.1	2.1	Jan 14, 2026	J-GAAP
Dec - Feb, 2025	26,129	429	436	-116	-8.8	1.6	Apr 10, 2026	J-GAAP
YoY	+0.4%	-42.6%	-32.6%	－	－