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OTEC, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 24%

Mon Nov 10, 2025 3:30 pm JST Earnings

1736 OTEC CORPORATION 【J-GAAP】

Earnings Report

OTEC CORPORATION <1736> [TSE Std] announced its financial results after the market closed on November 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 2.3 times that of the same period last year, reaching 1.87 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 23.5%, from the previous forecast of 3.40 billion yen to 4.20 billion yen (compared to 4.22 billion yen in the previous period), and the declining rate is expected to decrease from 19.5% to 0.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 31.8% from the same period last year to 2.32 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 87.2% from the same period last year, reaching 1.26 billion yen. The operating profit margin drastically improved from 9.6% in the same period last year to 15.0%.

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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 12,114 556 647 333 21.7 29.8 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 12,374 695 813 491 31.9 19.3 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 14,602 1,736 1,875 1,221 78.8 44.6 Nov 10, 2025 J-GAAP
YoY +18.0% +149.8% +130.6% +148.7% +147.0%

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 － 29 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 14,602 1,736 1,875 1,221 78.8 29 Nov 10, 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 31,000 3,300 3,400 2,250 145.1 58 May 12, 2025 J-GAAP
Mar, 2026 New 33,000 4,000 4,200 2,900 187.1 58 Nov 10, 2025 J-GAAP
Revision Rate +6.5% +21.2% +23.5% +28.9% +28.9%

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 19,050 3,329 3,409 2,383 154.3 56.67 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 18,398 2,264 2,325 1,679 108.3 29 Nov 10, 2025 J-GAAP
YoY -3.4% -32.0% -31.8% -29.5% -29.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 29,374 2,026 2,173 1,386 90.4 41.67 May 13, 2024 J-GAAP
Mar, 2025 31,424 4,024 4,222 2,874 186.1 56.67 May 12, 2025 J-GAAP
Mar, 2026 Guidance 33,000 4,000 4,200 2,900 187.1 58 Nov 10, 2025 J-GAAP
YoY +5.0% -0.6% -0.5% +0.9% +0.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 6,706 641 674 443 28.8 9.6 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 8,928 1,393 1,436 948 61.5 15.6 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 10,122 1,936 1,973 1,435 92.9 19.1 May 12, 2025 J-GAAP
Apr - Jun, 2025 6,485 522 613 387 25.0 8.0 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 8,117 1,214 1,262 834 53.9 15.0 Nov 10, 2025 J-GAAP
YoY +21.0% +89.4% +87.2% +88.3% +87.0%

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