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SMS, First Half Ordinary Profit Increases by 17%, Jul-Sep Ordinary Profit Increases by 19%

Tue Oct 28, 2025 3:30 pm JST Earnings

2175 SMS Co., Ltd. 【J-GAAP】

Earnings Report

SMS Co., Ltd. <2175> [TSE Prime] announced its financial results after the market closed on October 28th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 16.7% from the same period last year, reaching 5.75 billion yen. Progress toward the full-year plan of 9.46 billion yen was 60.7%, almost the same as the five-year average of 60.3%.

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 October to March period (second half) is expected to grow 8.4% from the same period last year, reaching 3.71 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 18.8% from the same period last year, reaching 0.96 billion yen. The operating profit margin improved from 4.0% in the same period last year to 5.2%.

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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 27,474 4,701 5,775 4,176 47.8 58.3 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 31,842 3,574 4,926 3,670 42.8 58.9 Oct 29, 2024 J-GAAP
Apr - Sep, 2025 33,475 4,391 5,750 4,992 60.3 60.7 Oct 28, 2025 J-GAAP
YoY +5.1% +22.9% +16.7% +36.0% +40.7%

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 Apr 28, 2025 J-GAAP
Apr - Sep, 2025 Results 33,475 4,391 5,750 4,992 60.3 0 Oct 28, 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 29,110 2,761 3,431 2,384 27.9 28.50 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 34,069 2,896 3,718 2,037 24.8 － Oct 28, 2025 J-GAAP
YoY +17.0% +4.9% +8.4% -14.6% -11.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 53,973 8,269 9,901 7,227 83.0 20 Apr 26, 2024 J-GAAP
Mar, 2025 60,952 6,335 8,357 6,054 71.0 28.50 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 67,544 7,287 9,468 7,029 85.6 － Apr 28, 2025 J-GAAP
YoY +10.8% +15.0% +13.3% +16.1% +20.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 14,416 574 812 507 5.9 4.0 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 13,043 18 195 176 2.1 0.1 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 16,067 2,743 3,236 2,208 25.9 17.1 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 18,672 3,616 4,785 3,940 47.2 19.4 Jul 29, 2025 J-GAAP
Jul - Sep, 2025 14,803 775 965 1,052 12.7 5.2 Oct 28, 2025 J-GAAP
YoY +2.7% +35.0% +18.8% +107.5% +114.7%

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