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ALPICO, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 5% Increase, Raises Record High Profit

Wed Nov 12, 2025 3:30 pm JST Earnings

297A ALPICO HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

ALPICO HOLDINGS CO.,LTD. <297A> [TSE Std] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 15.0% from the same period last year, reaching 2.57 billion yen, resulting in an increase in profits compared to the previous forecast of a 10.6% decrease.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 23.1%, from the previous forecast of 2.60 billion yen to 3.20 billion yen (compared to 3.06 billion yen in the previous period), record profits reach four consecutive terms, turning to a 4.6% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 23.7% from the same period last year to 0.62 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 16.0% from the same period last year, reaching 1.92 billion yen. The operating profit margin improved from 6.5% in the same period last year to 7.2%.

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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, 2024 52,278 2,423 2,238 1,651 27.5 73.1 Dec 25, 2024 J-GAAP
Apr - Sep, 2025 54,107 2,757 2,573 1,623 22.8 80.4 Nov 12, 2025 J-GAAP
YoY +3.5% +13.8% +15.0% -1.7% -17.0%

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 53,100 2,300 2,000 1,200 16.9 0 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 54,107 2,757 2,573 1,623 22.8 0 Nov 12, 2025 J-GAAP
Revision Rate +1.9% +19.9% +28.7% +35.3% +35.3%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 105,500 3,100 2,600 1,500 21.1 5 May 14, 2025 J-GAAP
Mar, 2026 New 107,500 3,600 3,200 1,800 25.3 5 Nov 12, 2025 J-GAAP
Revision Rate +1.9% +16.1% +23.1% +20.0% +20.0%

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 51,558 989 822 641 9.9 5 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 53,393 843 627 177 2.5 5 Nov 12, 2025 J-GAAP
YoY +3.6% -14.8% -23.7% -72.4% -74.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 103,836 3,412 3,060 2,292 35.4 5 May 14, 2025 J-GAAP
Mar, 2026 Guidance 107,500 3,600 3,200 1,800 25.3 5 Nov 12, 2025 J-GAAP
YoY +3.5% +5.5% +4.6% -21.5% -28.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 26,686 830 747 525 8.7 3.1 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 24,872 159 75 116 1.8 0.6 May 14, 2025 J-GAAP
Apr - Jun, 2025 25,568 708 646 395 5.6 2.8 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 28,539 2,049 1,927 1,228 17.3 7.2 Nov 12, 2025 J-GAAP
YoY － － － － －

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