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TOKYO ENERGY & SYSTEMS, First Half Operating Profit Turns to Profit, Jul-Sep Operating Profit Increases by 5.3 times

Wed Nov 5, 2025 4:00 pm JST Earnings

1945 TOKYO ENERGY & SYSTEMS INC. 【J-GAAP】

Earnings Report

TOKYO ENERGY & SYSTEMS INC. <1945> [TSE Prime] announced its financial results after the market closed on November 5th (16:00). The consolidated operating profit/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a profit of 1.18 billion yen (compared to a loss of 0.24 billion yen in the same period last year). However, Progress toward the full-year plan of 3.90 billion yen was 30.3%, almost the same as the five-year average of 27.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating profit for the October to March period (second half) is expected to decrease 6.7% from the same period last year to 2.72 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated operating profit surged 5.3 times that of the same period last year, reaching 0.62 billion yen. The operating profit margin improved from 0.8% in the same period last year to 3.4%.

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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 41,344 1,002 1,728 818 23.9 33.2 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 30,541 -249 243 630 18.8 7.3 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 34,283 1,180 1,391 1,489 44.7 33.9 Nov 5, 2025 J-GAAP
YoY +12.3% － +472.4% +136.3% +137.5%

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 － 28 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 34,283 1,180 1,391 1,489 44.7 28 Nov 5, 2025 J-GAAP
Revision Rate － － － － －

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 37,181 2,914 3,099 2,270 67.8 26 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 47,717 2,720 2,709 1,911 57.7 29 Nov 5, 2025 J-GAAP
YoY +28.3% -6.7% -12.6% -15.8% -15.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 88,467 3,959 5,212 2,960 86.7 45 May 8, 2024 J-GAAP
Mar, 2025 67,722 2,665 3,342 2,900 86.7 52 May 12, 2025 J-GAAP
Mar, 2026 Guidance 82,000 3,900 4,100 3,400 102.6 57 May 12, 2025 J-GAAP
YoY +21.1% +46.3% +22.7% +17.2% +18.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 15,646 118 -19 -82 -2.5 0.8 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 15,921 237 368 461 13.8 1.5 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 21,260 2,677 2,731 1,809 54.1 12.6 May 12, 2025 J-GAAP
Apr - Jun, 2025 15,645 552 461 771 23.2 3.5 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 18,638 628 930 718 21.6 3.4 Nov 5, 2025 J-GAAP
YoY +19.1% +432.2% － － －

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