EM SYSTEMS, Ordinary Profit Forecast for First Half Revised Downward by 52%, Dividend Revised down by 9 Yen
4820 EM SYSTEMS CO.,LTD. 【J-GAAP】
Earnings ReportEM SYSTEMS CO.,LTD. <4820> [TSE Prime] announced its financial results after the market closed on May 14th (16:00). The consolidated ordinary profit for the first quarter of the fiscal year ending December 2026 (January to March) significantly dropped 77.2% from the same period last year to 0.38 billion yen.
In addition, the January to June period (first half) consolidated ordinary profit has decreased 52.2%, from the previous forecast of 1.65 billion yen to 0.79 billion yen (compared to 2.40 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 31.1% to 67.0%.
Furthermore, the full-year forecast for consolidated ordinary profit forecast remains unchanged from the estimate of 3.93 billion yen(compared to 4.31 billion yen in the previous period).
Due to a decline in performance, the dividend for the first half of this fiscal year has been significantly reduced from the original plan of 14 yen to 5 yen (compared to 17 yen in the same period of the previous year), resulting in the annual dividend of 23 yen.
In the most recent three-month period, from January to March (1Q), the operating profit margin sharply declined from 22.8% in the same period last year to 4.3%.
Kabutan News
Actual Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
5,571M | 720M | 873M | 571M | 8.1 | 56.7 | May 14, 2024 | J-GAAP |
|
|
6,714M | 1,533M | 1,701M | 1,139M | 16.5 | 70.9 | May 15, 2025 | J-GAAP |
|
|
5,039M | 216M | 388M | 155M | 2.2 | 49.1 | May 14, 2026 | J-GAAP |
| YoY | -24.9% | -85.9% | -77.2% | -86.4% | -86.4% |
Guidance Update
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2026 Prev | 10,242M | 1,393M | 1,654M | 921M | 13.3 | 14 | Feb 13, 2026 | J-GAAP |
| Jan - Jun, 2026 New | 10,273M | 447M | 791M | 344M | 5.0 | 5 | May 14, 2026 | J-GAAP |
| Revision Rate | +0.3% | -67.9% | -52.2% | -62.6% | -62.6% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2026 Prev | 22,762M | 3,316M | 3,939M | 2,193M | 31.7 | 32 | Feb 13, 2026 | J-GAAP |
| Dec, 2026 New | 22,762M | 3,316M | 3,939M | 2,193M | 31.7 | 23 | May 14, 2026 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
12,149M | 2,080M | 2,400M | 1,603M | 23.2 | 17 | Aug 8, 2025 | J-GAAP |
|
Guidance
Jan - Jun, 2026
|
10,273M | 447M | 791M | 344M | 5.0 | 5 | May 14, 2026 | J-GAAP |
| YoY | -15.4% | -78.5% | -67.0% | -78.5% | -78.6% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
24,837M | 4,464M | 5,184M | 2,425M | 34.5 | 35 | Feb 14, 2025 | J-GAAP |
|
|
23,658M | 3,676M | 4,313M | 2,452M | 35.4 | 39 | Feb 13, 2026 | J-GAAP |
|
Guidance
Dec, 2026
|
22,762M | 3,316M | 3,939M | 2,193M | 31.7 | 23 | May 14, 2026 | J-GAAP |
| YoY | -3.8% | -9.8% | -8.7% | -10.6% | -10.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Operating Profit Margin |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
6,714M | 1,533M | 1,701M | 1,139M | 16.5 | 22.8 | May 15, 2025 | J-GAAP |
|
|
5,435M | 547M | 699M | 464M | 6.7 | 10.1 | Aug 8, 2025 | J-GAAP |
|
|
5,965M | 1,283M | 1,418M | 799M | 11.6 | 21.5 | Nov 14, 2025 | J-GAAP |
|
|
5,544M | 313M | 495M | 50M | 0.7 | 5.6 | Feb 13, 2026 | J-GAAP |
|
|
5,039M | 216M | 388M | 155M | 2.2 | 4.3 | May 14, 2026 | J-GAAP |
| YoY | -24.9% | -85.9% | -77.2% | -86.4% | -86.4% |
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