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CMC, First Half Ordinary Profit Increases by 41%, Current Fiscal Year Dividend Revised Upward by 2 Yen

Wed May 13, 2026 3:00 pm JST Earnings

2185 CMC CORPORATION 【J-GAAP】

Earnings Report

CMC CORPORATION <2185> [TSE Std] announced its financial results in the afternoon session on May 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) expanded 2.08 billion yen, an increase 40.7% compared to the same period last year. Progress toward the full-year plan of 3.30 billion yen was 63.2%, also surpassing the five-year average of 44.9%.

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 29.5% from the same period last year to 1.21 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 55 yen to 57 yen (compared to 52 yen in the previous period).

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit increased 30.1% from the same period last year, reaching 1.24 billion yen. The operating profit margin rose from 17.4% in the same period last year to 20.5%.

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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 9,634 1,538 1,461 955 72.1 45.9 May 13, 2024 J-GAAP
Oct - Mar, 2024 8,935 1,167 1,482 980 74.3 46.2 May 13, 2025 J-GAAP
Oct - Mar, 2025 10,235 1,824 2,085 1,416 109.6 63.2 May 13, 2026 J-GAAP
YoY +14.5% +56.3% +40.7% +44.5% +47.6%

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 10,200 1,800 2,000 1,400 108.4 27 May 7, 2026 J-GAAP
Oct - Mar, 2025 Results 10,235 1,824 2,085 1,416 109.6 27 May 13, 2026 J-GAAP
Revision Rate +0.3% +1.3% +4.3% +1.1% +1.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2026 Prev 20,000 3,000 3,300 2,200 170.3 55 Nov 11, 2025 J-GAAP
Sep, 2026 New 20,000 3,000 3,300 2,200 170.3 57 May 13, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 9,321 1,527 1,723 1,169 89.3 28 Nov 11, 2025 J-GAAP
Apr - Sep, 2026 Guidance 9,765 1,176 1,215 784 60.7 30 May 13, 2026 J-GAAP
YoY +4.8% -23.0% -29.5% -32.9% -32.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 19,523 2,975 3,182 2,078 156.7 44 Nov 11, 2024 J-GAAP
Sep, 2025 18,256 2,694 3,205 2,149 164.1 52 Nov 11, 2025 J-GAAP
Sep, 2026 Guidance 20,000 3,000 3,300 2,200 170.3 57 May 13, 2026 J-GAAP
YoY +9.6% +11.4% +3.0% +2.4% +3.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 5,222 907 954 634 48.1 17.4 May 13, 2025 J-GAAP
Apr - Jun, 2025 3,663 302 305 194 14.8 8.2 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 5,658 1,225 1,418 975 74.5 21.7 Nov 11, 2025 J-GAAP
Oct - Dec, 2025 4,569 660 844 562 43.5 14.4 Feb 10, 2026 J-GAAP
Jan - Mar, 2026 5,666 1,164 1,241 854 66.1 20.5 May 13, 2026 J-GAAP
YoY +8.5% +28.3% +30.1% +34.7% +37.6%

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