Shinwa, Net Income Forecast for Last Fiscal Year Revised Upward by 37%, Highest in Nine Terms

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Thu Apr 30, 2026 1:00 pm JST Revision

3447 Shinwa Co., Ltd. 【IFRS】

Guidance Update Report

Shinwa Co., Ltd. <3447> [TSE Std] announced a performance revision in the afternoon session on April 30th (13:00). The consolidated net income forecast for the fiscal year ending March 2026 has been revised upward 36.5%, from the previous forecast of 1.24 billion yen to 1.70 billion yen (compared to 0.97 billion yen in the previous period), increasing the growth rate from 27.8% to 74.5%, reaches new record high for the first time in nine terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated net income is expected to increase 2.2 times, from the previous forecast of 0.36 billion yen to 0.82 billion yen (compared to 0.44 billion yen in the same period of the previous year), turning to an 84.7% increase in the consolidated net income outlook.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2025 Prev	10,098	633	540	367	27.1	18	Nov 6, 2025	IFRS
Oct - Mar, 2025 New	10,236	1,098	1,011	822	60.4	18	Apr 30, 2026	IFRS
Revision Rate	+1.4%	+73.5%	+87.2%	+124.0%	+123.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	20,000	2,000	1,820	1,246	91.9	34	Nov 6, 2025	IFRS
Mar, 2026 New	20,138	2,465	2,291	1,701	125.0	34	Apr 30, 2026	IFRS
Revision Rate	+0.7%	+23.3%	+25.9%	+36.5%	+36.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024	8,961	751	683	445	32.0	16	May 14, 2025	IFRS
Oct - Mar, 2025 Guidance	10,236	1,098	1,011	822	60.4	18	Apr 30, 2026	IFRS
YoY	+14.2%	+46.2%	+48.0%	+84.7%	+88.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	12,678	700	652	409	29.5	32	May 10, 2024	IFRS
Mar, 2025	17,503	1,622	1,498	975	70.2	32	May 14, 2025	IFRS
Mar, 2026 Guidance	20,138	2,465	2,291	1,701	125.0	34	Apr 30, 2026	IFRS
YoY	+15.1%	+52.0%	+52.9%	+74.5%	+78.2%