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SHINOBU FOODS PRODUCTS, First Half Ordinary Profit Increases by 11%, Jul-Sep Ordinary Profit Increases by 15%

Fri Nov 7, 2025 2:00 pm JST Earnings

2903 SHINOBU FOODS PRODUCTS CO.,LTD. 【J-GAAP】

Earnings Report

SHINOBU FOODS PRODUCTS CO.,LTD. <2903> [TSE Std] announced its financial results in the afternoon session on November 7th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 10.9% from the same period last year, reaching 1.38 billion yen. Progress toward the full-year plan of 2.38 billion yen was 58.2%, also surpassing the five-year average of 52.0%.

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 11.0% from the same period last year to 0.99 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 14.5% from the same period last year, reaching 0.68 billion yen. The operating profit margin remained almost flat, changing from 4.1% in the same period last year to 4.4%.

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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 27,368 1,327 1,356 977 79.2 56.3 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 28,569 1,221 1,249 937 76.3 52.8 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 31,235 1,397 1,385 1,045 90.2 58.2 Nov 7, 2025 J-GAAP
YoY +9.3% +14.4% +10.9% +11.5% +18.2%

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 29,800 1,260 1,280 950 83.5 15 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 31,235 1,397 1,385 1,045 90.2 15 Nov 7, 2025 J-GAAP
Revision Rate +4.8% +10.9% +8.2% +10.0% +8.0%

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 29,082 1,111 1,118 59 4.9 14.50 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 28,765 963 995 555 49.8 15 Nov 7, 2025 J-GAAP
YoY -1.1% -13.3% -11.0% +840.7% +924.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 54,825 2,369 2,409 1,167 94.7 25 May 10, 2024 J-GAAP
Mar, 2025 57,651 2,332 2,367 996 82.1 27 May 9, 2025 J-GAAP
Mar, 2026 Guidance 60,000 2,360 2,380 1,600 143.5 30 May 9, 2025 J-GAAP
YoY +4.1% +1.2% +0.5% +60.6% +74.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 14,628 605 600 473 38.5 4.1 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 14,866 689 697 510 41.7 4.6 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 14,216 422 421 -451 -37.2 3.0 May 9, 2025 J-GAAP
Apr - Jun, 2025 15,336 701 698 491 41.9 4.6 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 15,899 696 687 554 47.8 4.4 Nov 7, 2025 J-GAAP
YoY +8.7% +15.0% +14.5% +17.1% +24.1%

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