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SK-Electronics, First Half Ordinary Profit Unexpectedly Revised Upward by 16%
6677 SK-Electronics CO.,LTD. 【J-GAAP】
Earnings ReportSK-Electronics CO.,LTD. <6677> [TSE Std] announced its financial results after the market closed on May 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) increased 15.8% from the same period last year, reaching 2.67 billion yen, resulting in an increase in profits compared to the previous forecast of a 13.3% decrease.
Progress toward the full-year plan of 4.60 billion yen was 58.1%, also surpassing the five-year average of 32.5%.
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 grow 25.3% from the same period last year, reaching 1.92 billion yen.
In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit increased 42.4% from the same period last year, reaching 1.16 billion yen. The operating profit margin rose from 13.0% in the same period last year to 15.3%.
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 | 12,149 | 852 | 833 | 634 | 61.1 | 27.3 | May 13, 2024 | J-GAAP |
| Oct - Mar, 2024 | 14,276 | 2,139 | 2,307 | 1,662 | 160.1 | 60.0 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 | 14,359 | 2,354 | 2,672 | 1,837 | 176.9 | 58.1 | May 11, 2026 | J-GAAP |
| YoY | +0.6% | +10.1% | +15.8% | +10.5% | +10.5% |
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 | 14,500 | 2,000 | 2,000 | 1,400 | 134.8 | 0 | Nov 10, 2025 | J-GAAP |
| Oct - Mar, 2025 Results | 14,359 | 2,354 | 2,672 | 1,837 | 176.9 | 0 | May 11, 2026 | J-GAAP |
| Revision Rate | -1.0% | +17.7% | +33.6% | +31.2% | +31.2% |
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 | 14,911 | 1,715 | 1,539 | 1,069 | 103.0 | 130 | Nov 10, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 16,141 | 2,246 | 1,928 | 1,363 | 131.3 | 152 | May 11, 2026 | J-GAAP |
| YoY | +8.2% | +31.0% | +25.3% | +27.5% | +27.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep, 2024 | 25,727 | 3,059 | 3,056 | 2,291 | 220.7 | 109 | Nov 11, 2024 | J-GAAP |
| Sep, 2025 | 29,187 | 3,854 | 3,846 | 2,731 | 263.0 | 130 | Nov 10, 2025 | J-GAAP |
| Sep, 2026 Guidance | 30,500 | 4,600 | 4,600 | 3,200 | 308.2 | 152 | Nov 10, 2025 | J-GAAP |
| YoY | +4.5% | +19.4% | +19.6% | +17.2% | +17.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2025 | 7,239 | 944 | 817 | 603 | 58.1 | 13.0 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 7,756 | 1,033 | 622 | 432 | 41.6 | 13.3 | Aug 12, 2025 | J-GAAP |
| Jul - Sep, 2025 | 7,155 | 682 | 917 | 637 | 61.3 | 9.5 | Nov 10, 2025 | J-GAAP |
| Oct - Dec, 2025 | 7,391 | 1,289 | 1,509 | 1,064 | 102.5 | 17.4 | Feb 9, 2026 | J-GAAP |
| Jan - Mar, 2026 | 6,968 | 1,065 | 1,163 | 773 | 74.5 | 15.3 | May 11, 2026 | J-GAAP |
| YoY | -3.7% | +12.8% | +42.4% | +28.2% | +28.2% |
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