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NATORI, First Half Ordinary Profit Decreases by 77%, Jul-Sep Ordinary Profit Decreases by 35%

Wed Nov 12, 2025 3:00 pm JST Earnings

2922 NATORI CO., LTD. 【J-GAAP】

Earnings Report

NATORI CO., LTD. <2922> [TSE Prime] announced its financial results in the afternoon session on November 12th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) significantly dropped 76.9% from the same period last year to 0.23 billion yen. Progress toward the full-year plan of 1.83 billion yen was 12.7%, also falling below the five-year average of 51.1%.

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 expand 56.8% from the same period last year, reaching 1.59 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 0.30 billion yen, a 34.8% decrease compared to the same period last year. The operating profit margin worsened from 3.8% in the same period last year to 2.6%.

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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 22,745 850 824 539 42.9 38.1 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 23,949 968 1,006 685 54.5 49.7 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 23,720 212 232 184 14.7 12.7 Nov 12, 2025 J-GAAP
YoY -1.0% -78.1% -76.9% -73.1% -73.1%

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 － 13 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 23,720 212 232 184 14.7 13 Nov 12, 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 24,943 1,000 1,019 667 53.0 12 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 26,280 1,588 1,598 1,086 86.3 13 Nov 12, 2025 J-GAAP
YoY +5.4% +58.8% +56.8% +62.8% +62.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 47,578 2,125 2,162 1,400 111.3 23 May 10, 2024 J-GAAP
Mar, 2025 48,892 1,968 2,025 1,352 107.5 24 May 9, 2025 J-GAAP
Mar, 2026 Guidance 50,000 1,800 1,830 1,270 100.9 26 May 9, 2025 J-GAAP
YoY +2.3% -8.5% -9.6% -6.1% -6.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 12,196 467 468 319 25.4 3.8 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 14,114 1,190 1,207 871 69.2 8.4 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 10,829 -190 -188 -204 -16.2 -1.8 May 9, 2025 J-GAAP
Apr - Jun, 2025 12,058 -97 -73 -14 -1.2 -0.8 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 11,662 309 305 198 15.8 2.6 Nov 12, 2025 J-GAAP
YoY -4.4% -33.8% -34.8% -37.9% -37.9%

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