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TAKACHIHO KOHEKI , First Half Ordinary Profit Increases by 21%, Jul-Sep Ordinary Profit Increases by 4.5 times
2676 TAKACHIHO KOHEKI CO.,LTD. 【J-GAAP】
Earnings ReportTAKACHIHO KOHEKI CO.,LTD. <2676> [TSE Prime] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 21.5% from the same period last year, reaching 0.98 billion yen. Progress toward the full-year plan of 2.10 billion yen was 46.9%, exceeding the five-year average of 42.6%.
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 decrease 6.5% from the same period last year to 1.11 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 4.5 times that of the same period last year, reaching 0.81 billion yen. The operating profit margin significantly improved from 6.8% in the same period last year to 10.4%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 12,729 | 713 | 1,057 | 717 | 39.6 | 57.6 | Nov 7, 2023 | J-GAAP |
| Apr - Sep, 2024 | 13,314 | 936 | 811 | 594 | 32.5 | 40.5 | Nov 5, 2024 | J-GAAP |
| Apr - Sep, 2025 | 13,472 | 954 | 985 | 717 | 38.5 | 46.9 | Nov 5, 2025 | J-GAAP |
| YoY | +1.2% | +1.9% | +21.5% | +20.7% | +18.3% |
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 | 14,200 | 950 | 910 | 640 | 34.4 | 34.50 | May 13, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 13,472 | 954 | 985 | 717 | 38.5 | 34.50 | Nov 5, 2025 | J-GAAP |
| Revision Rate | -5.1% | +0.4% | +8.2% | +12.0% | +11.8% |
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 | 14,784 | 1,143 | 1,193 | 864 | 46.9 | 51 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 16,528 | 1,246 | 1,115 | 783 | 41.9 | 46 | Nov 5, 2025 | J-GAAP |
| YoY | +11.8% | +9.0% | -6.5% | -9.4% | -10.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 25,224 | 1,465 | 1,835 | 1,437 | 79.2 | 79 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 28,098 | 2,079 | 2,004 | 1,458 | 79.1 | 80 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 30,000 | 2,200 | 2,100 | 1,500 | 80.3 | 80.50 | May 13, 2025 | J-GAAP |
| YoY | +6.8% | +5.8% | +4.8% | +2.9% | +1.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 6,893 | 472 | 180 | 136 | 7.5 | 6.8 | Nov 5, 2024 | J-GAAP |
| Oct - Dec, 2024 | 6,334 | 426 | 630 | 477 | 26.0 | 6.7 | Feb 4, 2025 | J-GAAP |
| Jan - Mar, 2025 | 8,450 | 717 | 563 | 387 | 21.0 | 8.5 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 6,068 | 183 | 167 | 68 | 3.7 | 3.0 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 7,404 | 771 | 818 | 649 | 34.8 | 10.4 | Nov 5, 2025 | J-GAAP |
| YoY | +7.4% | +63.3% | +354.4% | +377.2% | +367.5% |
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