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SHOEI, First Half Ordinary Profit Unexpectedly Revised Upward by 5%

Fri Apr 24, 2026 3:30 pm JST Earnings

7839 SHOEI CO., LTD. 【J-GAAP】

Earnings Report

SHOEI CO., LTD. <7839> [TSE Prime] announced its financial results after the market closed on April 24th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) increased 4.6% from the same period last year, reaching 4.54 billion yen, resulting in an increase in profits compared to the previous forecast of a 7.7% decrease.

Progress toward the full-year plan of 8.38 billion yen was 54.2%, also surpassing the five-year average of 48.5%.

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 April to September period (second half) is expected to decrease 15.8% from the same period last year to 3.83 billion yen.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit increased 35.7% from the same period last year, reaching 2.41 billion yen. The operating profit margin rose from 28.0% in the same period last year to 31.8%.

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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
Oct - Mar, 2023 16,454 5,275 5,345 3,738 70.6 50.9 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 14,562 4,373 4,343 3,040 57.9 48.8 Apr 25, 2025 J-GAAP
Oct - Mar, 2025 15,002 4,430 4,543 3,145 60.6 54.2 Apr 24, 2026 J-GAAP
YoY +3.0% +1.3% +4.6% +3.5% +4.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Guidance 15,080 4,000 4,010 2,760 53.9 0 Nov 14, 2025 J-GAAP
Oct - Mar, 2025 Results 15,002 4,430 4,543 3,145 60.6 0 Apr 24, 2026 J-GAAP
Revision Rate -0.5% +10.8% +13.3% +13.9% +12.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 17,801 4,526 4,557 3,278 62.4 60 Nov 14, 2025 J-GAAP
Apr - Sep, 2026 Guidance 18,948 3,940 3,837 2,795 54.6 60 Apr 24, 2026 J-GAAP
YoY +6.4% -12.9% -15.8% -14.7% -12.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 35,790 10,330 10,502 7,377 139.9 70 Nov 15, 2024 J-GAAP
Sep, 2025 32,363 8,899 8,900 6,318 120.2 60 Nov 14, 2025 J-GAAP
Sep, 2026 Guidance 33,950 8,370 8,380 5,940 116.0 60 Nov 14, 2025 J-GAAP
YoY +4.9% -5.9% -5.8% -6.0% -3.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 6,724 1,885 1,781 1,236 23.5 28.0 Apr 25, 2025 J-GAAP
Apr - Jun, 2025 8,371 2,331 2,285 1,587 30.2 27.8 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 9,430 2,195 2,272 1,691 32.2 23.3 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 7,513 2,050 2,127 1,472 28.1 27.3 Jan 30, 2026 J-GAAP
Jan - Mar, 2026 7,489 2,380 2,416 1,673 32.2 31.8 Apr 24, 2026 J-GAAP
YoY +11.4% +26.3% +35.7% +35.4% +36.9%

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