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Sumasapo, First Half Ordinary Profit Decreases by 47%, Jan-Mar Ordinary Profit Decreases by 20%
9342 Sumasapo Inc. 【J-GAAP】
Earnings ReportSumasapo Inc. <9342> [TSE Growth] announced its financial results in the afternoon session on May 11th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) dropped 46.9% from the same period last year to 60 million yen. Progress toward the full-year plan of 230 million yen was 26.1%, also falling below the same period of the previous year of 59.2%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the April to September period (second half) is expected to surge 2.2 times that of the same period last year, reaching 170 million yen.
In the most recent three-month period, from January to March (2Q), the ordinary profit decreased to 65 million yen, a 19.8% decrease compared to the same period last year. The operating profit margin decreased from 10.4% in the same period last year to 8.6%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2023 | 1,314 | 46 | 49 | 42 | 17.5 | 43.8 | May 10, 2024 | J-GAAP |
| Oct - Mar, 2024 | 1,424 | 113 | 113 | 95 | 39.7 | 59.2 | May 9, 2025 | J-GAAP |
| Oct - Mar, 2025 | 1,368 | 60 | 60 | 37 | 15.7 | 26.1 | May 11, 2026 | J-GAAP |
| YoY | -3.9% | -46.9% | -46.9% | -61.1% | -60.4% |
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 | 1,480 | 60 | 60 | 40 | 16.6 | 0 | Nov 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Results | 1,368 | 60 | 60 | 37 | 15.7 | 0 | May 11, 2026 | J-GAAP |
| Revision Rate | -7.6% | 0.0% | 0.0% | -7.5% | -5.6% |
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 | 1,392 | 77 | 78 | 35 | 14.6 | 0 | Nov 13, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 1,782 | 170 | 170 | 118 | 49.1 | 0 | May 11, 2026 | J-GAAP |
| YoY | +28.0% | +120.8% | +117.9% | +237.1% | +236.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep, 2024 | 2,674 | 108 | 112 | 106 | 44.1 | 0 | Nov 14, 2024 | J-GAAP |
| Sep, 2025 | 2,816 | 190 | 191 | 130 | 54.2 | 0 | Nov 13, 2025 | J-GAAP |
| Sep, 2026 Guidance | 3,150 | 230 | 230 | 155 | 64.4 | 0 | Nov 13, 2025 | J-GAAP |
| YoY | +11.9% | +21.1% | +20.4% | +19.2% | +19.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2025 | 790 | 82 | 81 | 69 | 28.8 | 10.4 | May 9, 2025 | J-GAAP |
| Apr - Jun, 2025 | 768 | 82 | 82 | 69 | 28.7 | 10.7 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 624 | -5 | -4 | -34 | -14.2 | -0.8 | Nov 13, 2025 | J-GAAP |
| Oct - Dec, 2025 | 611 | -5 | -5 | -3 | -1.5 | -0.8 | Feb 9, 2026 | J-GAAP |
| Jan - Mar, 2026 | 757 | 65 | 65 | 40 | 17.0 | 8.6 | May 11, 2026 | J-GAAP |
| YoY | -4.2% | -20.7% | -19.8% | -42.0% | -41.1% |
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