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SHINPO, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 33% Decrease, Postponed Dividend for This Fiscal Year

Tue Apr 28, 2026 4:45 pm JST Earnings

5903 SHINPO CO.,LTD. 【J-GAAP】

Earnings Report

SHINPO CO.,LTD. <5903> [TSE Std] announced its financial results after the market closed on April 28th (16:45). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending June 2026 (July 2025 to March 2026) decreased 29.1% from the same period last year to 563 million yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 33.3%, from the previous forecast of 988 million yen to 659 million yen (compared to 987 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 33.2% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the January to June period (second half) has decreased 54.9%, from the previous forecast of 599 million yen to 270 million yen (compared to 358 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 24.6% decrease in profit.

At the same time, In conjunction with a Tender Offer Bid (TOB), the company has decided to forgo the year-end lump-sum dividend of 42 yen for the current fiscal year.

In the most recent three-month period, from January to March (3Q), the consolidated ordinary profit grew 5.5% from the same period last year, reaching 174 million yen. The operating profit margin rose from 10.3% in the same period last year to 10.4%.

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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
Jul - Mar, 2023 5,514 831 836 540 95.5 81.7 May 2, 2024 J-GAAP
Jul - Mar, 2024 5,617 785 794 480 86.1 80.4 May 2, 2025 J-GAAP
Jul - Mar, 2025 5,166 556 563 381 69.3 85.4 Apr 28, 2026 J-GAAP
YoY -8.0% -29.2% -29.1% -20.6% -19.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2026 Prev 4,030 596 599 410 74.5 42 Feb 6, 2026 J-GAAP
Jan - Jun, 2026 New 3,214 266 270 198 36.0 0 Apr 28, 2026 J-GAAP
Revision Rate -20.2% -55.4% -54.9% -51.7% -51.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2026 Prev 7,550 980 988 662 120.4 42 Aug 1, 2025 J-GAAP
Jun, 2026 New 6,734 650 659 450 81.8 0 Apr 28, 2026 J-GAAP
Revision Rate -10.8% -33.7% -33.3% -32.0% -32.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 3,326 354 358 206 37.1 42 Aug 1, 2025 J-GAAP
Jan - Jun, 2026 Guidance 3,214 266 270 198 36.0 0 Apr 28, 2026 J-GAAP
YoY -3.4% -24.9% -24.6% -3.9% -2.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2024 7,211 1,014 1,023 661 116.8 40 Aug 2, 2024 J-GAAP
Jun, 2025 7,368 976 987 586 105.5 42 Aug 1, 2025 J-GAAP
Jun, 2026 Guidance 6,734 650 659 450 81.8 0 Apr 28, 2026 J-GAAP
YoY -8.6% -33.4% -33.2% -23.2% -22.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 1,575 163 165 100 17.9 10.3 May 2, 2025 J-GAAP
Apr - Jun, 2025 1,751 191 193 106 19.1 10.9 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 1,658 208 209 138 25.1 12.5 Nov 7, 2025 J-GAAP
Oct - Dec, 2025 1,862 176 180 114 20.8 9.5 Feb 6, 2026 J-GAAP
Jan - Mar, 2026 1,646 172 174 129 23.5 10.4 Apr 28, 2026 J-GAAP
YoY +4.5% +5.5% +5.5% +29.0% +30.8%

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