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EPCO, First Half Ordinary Profit Increases by 91%, Apr-Jun Ordinary Profit Increases by 2.5 times

Thu Aug 7, 2025 3:30 pm JST Earnings

2311 EPCO Co.,Ltd. 【J-GAAP】

Earnings Report

EPCO Co.,Ltd. <2311> [TSE Std] announced its financial results after the market closed on August 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) expanded 235 million yen, an increase 91.1% compared to the same period last year. Progress toward the full-year plan of 531 million yen was 44.3%, exceeding the five-year average of 37.8%.

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 July to December period (second half) is expected to decrease 6.9% from the same period last year to 296 million yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit surged 2.5 times that of the same period last year, reaching 203 million yen. The operating profit margin improved from 7.2% in the same period last year to 8.8%.

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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
Jan - Jun, 2023 2,404 54 78 177 19.9 18.4 Aug 9, 2023 J-GAAP
Jan - Jun, 2024 2,794 172 123 60 6.8 27.9 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 3,351 218 235 201 22.5 44.3 Aug 7, 2025 J-GAAP
YoY +19.9% +26.7% +91.1% +235.0% +232.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 3,276 186 209 195 21.8 14 Jun 26, 2025 J-GAAP
Jan - Jun, 2025 Results 3,351 218 235 201 22.5 14 Aug 7, 2025 J-GAAP
Revision Rate +2.3% +17.2% +12.4% +3.1% +3.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 2,813 162 318 267 29.9 18 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 3,179 208 296 291 32.5 18 Aug 7, 2025 J-GAAP
YoY +13.0% +28.4% -6.9% +9.0% +8.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 5,059 161 425 626 70.1 32 Feb 13, 2024 J-GAAP
Dec, 2024 5,607 334 441 327 36.6 32 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 6,530 426 531 492 55.0 32 Jun 26, 2025 J-GAAP
YoY +16.5% +27.5% +20.4% +50.5% +50.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 1,440 103 81 42 4.7 7.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,396 94 61 24 2.7 6.7 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 1,417 68 257 243 27.2 4.8 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 1,493 55 32 52 5.9 3.7 May 14, 2025 J-GAAP
Apr - Jun, 2025 1,858 163 203 149 16.7 8.8 Aug 7, 2025 J-GAAP
YoY +29.0% +58.3% +150.6% +254.8% +252.2%

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