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SERAKU, First Half Ordinary Profit Decreases by 11%
6199 SERAKU Co.,Ltd. 【J-GAAP】
Earnings ReportSERAKU Co.,Ltd. <6199> [TSE Std] announced its financial results after the market closed on April 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending August 2026 (September 2025 to February 2026) decreased 10.9% from the same period last year to 1.23 billion yen. Progress toward the full-year plan of 2.88 billion yen was 43.0%, also falling below the five-year average of 54.1%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the March to August period (second half) is expected to expand 35.7% from the same period last year, reaching 1.64 billion yen.
In the most recent three-month period, from December to February (2Q), the consolidated ordinary profit grew 6.0% from the same period last year, reaching 0.65 billion yen. The operating profit margin remained almost flat, changing from 9.8% in the same period last year to 9.9%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep - Feb, 2023 | 10,825 | 1,119 | 1,125 | 769 | 55.4 | 48.6 | Apr 12, 2024 | J-GAAP |
| Sep - Feb, 2024 | 12,295 | 1,365 | 1,388 | 918 | 68.1 | 53.4 | Apr 14, 2025 | J-GAAP |
| Sep - Feb, 2025 | 12,489 | 1,201 | 1,237 | 709 | 53.6 | 43.0 | Apr 14, 2026 | J-GAAP |
| YoY | +1.6% | -12.0% | -10.9% | -22.8% | -21.3% |
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 | 13,100 | 1,030 | 1,040 | 680 | 51.3 | 0 | Oct 15, 2025 | J-GAAP |
| Sep - Feb, 2025 Results | 12,489 | 1,201 | 1,237 | 709 | 53.6 | 0 | Apr 14, 2026 | J-GAAP |
| Revision Rate | -4.7% | +16.6% | +18.9% | +4.3% | +4.4% |
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 | 12,481 | 1,185 | 1,211 | 791 | 58.9 | 13.20 | Oct 15, 2025 | J-GAAP |
| Mar - Aug, 2026 Guidance | 14,911 | 1,649 | 1,643 | 1,161 | 87.7 | 17.40 | Apr 14, 2026 | J-GAAP |
| YoY | +19.5% | +39.2% | +35.7% | +46.8% | +48.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Aug, 2024 | 22,221 | 2,273 | 2,317 | 1,575 | 114.2 | 13 | Oct 15, 2024 | J-GAAP |
| Aug, 2025 | 24,776 | 2,550 | 2,599 | 1,709 | 127.2 | 13.20 | Oct 15, 2025 | J-GAAP |
| Aug, 2026 Guidance | 27,400 | 2,850 | 2,880 | 1,870 | 141.2 | 17.40 | Oct 15, 2025 | J-GAAP |
| YoY | +10.6% | +11.8% | +10.8% | +9.4% | +11.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec - Feb, 2024 | 6,095 | 597 | 613 | 437 | 32.4 | 9.8 | Apr 14, 2025 | J-GAAP |
| Mar - May, 2025 | 6,250 | 644 | 663 | 397 | 29.5 | 10.3 | Jul 15, 2025 | J-GAAP |
| Jun - Aug, 2025 | 6,231 | 541 | 548 | 394 | 29.3 | 8.7 | Oct 15, 2025 | J-GAAP |
| Sep - Nov, 2025 | 6,252 | 582 | 587 | 356 | 26.9 | 9.3 | Jan 14, 2026 | J-GAAP |
| Dec - Feb, 2025 | 6,237 | 619 | 650 | 353 | 26.7 | 9.9 | Apr 14, 2026 | J-GAAP |
| YoY | +2.3% | +3.7% | +6.0% | -19.2% | -17.7% |
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