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JINUSHI, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 13%, Dividend Revised Upward by 10 Yen

Thu Nov 6, 2025 3:30 pm JST Earnings

3252 JINUSHI Co.,Ltd. 【J-GAAP】

Earnings Report

JINUSHI Co.,Ltd. <3252> [TSE Prime] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) significantly dropped 53.0% from the same period last year to 3.12 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 12.5%, from the previous forecast of 8.00 billion yen to 7.00 billion yen (compared to 8.26 billion yen in the previous period), leading to an increase in the profit decline rate from 3.2% to 15.3%. However, the full-year forecast for consolidated net income has been revised upward 16.4%, from the previous forecast of 6.10 billion yen to 7.10 billion yen (compared to 6.08 billion yen in the previous period), increasing the growth rate from 0.2% to 16.6%, reaches new record high for the first time in nine terms.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has decreased 20.7%, from the previous forecast of 4.82 billion yen to 3.82 billion yen (compared to 1.16 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 4.1 times to 3.3 times.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 100 yen to 110 yen (compared to 85 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary loss improved to a deficit of 0.05 billion yen (compared to a loss of 0.45 billion yen in the same period last year). However, the operating profit margin worsened from 8.4% in the same period last year to 6.5%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 25,210 6,042 5,988 4,678 260.3 104.7 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 47,894 7,212 6,645 4,860 279.6 80.4 Nov 12, 2024 J-GAAP
Jan - Sep, 2025 43,428 4,293 3,121 2,764 134.0 44.6 Nov 6, 2025 J-GAAP
YoY -9.3% -40.5% -53.0% -43.1% -52.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 30,184 5,443 4,826 3,320 160.5 50 Aug 14, 2025 J-GAAP
Jul - Dec, 2025 New 36,184 4,643 3,826 4,320 208.9 60 Nov 6, 2025 J-GAAP
Revision Rate +19.9% -14.7% -20.7% +30.1% +30.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 70,000 9,500 8,000 6,100 295.0 100 Feb 13, 2025 J-GAAP
Dec, 2025 New 76,000 8,700 7,000 7,100 343.3 110 Nov 6, 2025 J-GAAP
Revision Rate +8.6% -8.4% -12.5% +16.4% +16.4%

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 12,139 1,715 1,165 845 46.5 42.50 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 36,184 4,643 3,826 4,320 208.9 60 Nov 6, 2025 J-GAAP
YoY +198.1% +170.7% +228.4% +411.2% +349.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 31,597 6,154 5,718 4,709 267.8 55 Feb 13, 2024 J-GAAP
Dec, 2024 57,068 8,677 8,265 6,087 334.9 85 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 76,000 8,700 7,000 7,100 343.3 110 Nov 6, 2025 J-GAAP
YoY +33.2% +0.3% -15.3% +16.6% +2.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,965 250 -455 -382 -22.0 8.4 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 9,174 1,465 1,620 1,227 67.5 16.0 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 30,529 2,948 2,467 1,809 88.1 9.7 May 8, 2025 J-GAAP
Apr - Jun, 2025 9,287 1,109 707 971 47.2 11.9 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 3,612 236 -53 -16 -0.8 6.5 Nov 6, 2025 J-GAAP
YoY +21.8% -5.6% +88.4% +95.8% +96.4%

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