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Hokuryo, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 17%, Exceeded Record Profit Forecast, Dividend Revised Upward by 15 Yen

Wed Nov 12, 2025 3:31 pm JST Earnings

1384 Hokuryo Co., Ltd. 【J-GAAP】

Earnings Report

Hokuryo Co., Ltd. <1384> [TSE Std] announced its financial results after the market closed on November 12th (15:31). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 6.6 times that of the same period last year, reaching 2.56 billion yen.

In addition, the full-year forecast for ordinary profit has been revised upward 17.1%, from the previous forecast of 2.99 billion yen to 3.50 billion yen (compared to 2.00 billion yen in the previous period), increasing the growth rate from 49.4% to 74.9%. The company has further increased its previous forecast of record profits for the first time in two years.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to drop 41.8% from the same period last year to 0.93 billion yen.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 70 yen to 85 yen (compared to 70 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the ordinary profit surged 10 times that of the same period last year, reaching 1.23 billion yen. The operating profit margin drastically improved from 2.3% in the same period last year to 21.4%.

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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
Apr - Sep, 2023 9,673 1,856 1,892 1,304 154.2 81.7 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 8,898 352 388 1,015 120.0 19.4 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 11,542 2,519 2,562 1,789 211.6 73.2 Nov 12, 2025 J-GAAP
YoY +29.7% +615.6% +560.3% +76.3% +76.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 0 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 11,542 2,519 2,562 1,789 211.6 0 Nov 12, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 21,330 2,920 2,990 2,060 243.5 70 Aug 13, 2025 J-GAAP
Mar, 2026 New 22,200 3,430 3,500 2,400 283.7 85 Nov 12, 2025 J-GAAP
Revision Rate +4.1% +17.5% +17.1% +16.5% +16.5%

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 10,499 1,573 1,613 1,166 137.9 70 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 10,658 911 938 611 72.2 85 Nov 12, 2025 J-GAAP
YoY +1.5% -42.1% -41.8% -47.6% -47.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 18,901 2,245 2,316 1,656 195.8 40 May 14, 2024 J-GAAP
Mar, 2025 19,397 1,925 2,001 2,181 257.9 70 May 14, 2025 J-GAAP
Mar, 2026 Guidance 22,200 3,430 3,500 2,400 283.7 85 Nov 12, 2025 J-GAAP
YoY +14.5% +78.2% +74.9% +10.0% +10.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 4,512 103 118 829 98.0 2.3 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 5,285 860 882 590 69.8 16.3 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 5,214 713 731 576 68.1 13.7 May 14, 2025 J-GAAP
Apr - Jun, 2025 5,863 1,305 1,328 956 113.1 22.3 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 5,679 1,214 1,234 833 98.5 21.4 Nov 12, 2025 J-GAAP
YoY +25.9% +1,078.6% +945.8% +0.5% +0.5%

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