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ICHIKAWA, First Half Ordinary Profit Increases by 55%, Jul-Sep Ordinary Profit Increases by 2.2 times

Fri Nov 14, 2025 3:00 pm JST Earnings

3513 ICHIKAWA CO., LTD. 【J-GAAP】

Earnings Report

ICHIKAWA CO., LTD. <3513> [TSE Std] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 0.94 billion yen, an increase 55.4% compared to the same period last year. Progress toward the full-year plan of 1.30 billion yen was 72.5%, also surpassing the five-year average of 49.4%.

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 drop 41.3% from the same period last year to 0.35 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.2 times that of the same period last year, reaching 0.56 billion yen. The operating profit margin jumped from 10.2% in the same period last year to 14.1%.

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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 6,860 649 835 587 129.1 71.5 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 6,866 565 606 401 92.4 49.8 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 7,197 788 942 697 163.1 72.5 Nov 14, 2025 J-GAAP
YoY +4.8% +39.5% +55.4% +73.8% +76.6%

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 7,190 780 940 690 162.0 40 Oct 31, 2025 J-GAAP
Apr - Sep, 2025 Results 7,197 788 942 697 163.1 40 Nov 14, 2025 J-GAAP
Revision Rate +0.1% +1.0% +0.2% +1.0% +0.7%

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 7,081 507 610 381 88.4 40 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 6,803 512 358 203 48.3 40 Nov 14, 2025 J-GAAP
YoY -3.9% +1.0% -41.3% -46.7% -45.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 13,603 1,115 1,168 1,018 227.8 70 May 15, 2024 J-GAAP
Mar, 2025 13,947 1,072 1,216 782 181.5 80 May 15, 2025 J-GAAP
Mar, 2026 Guidance 14,000 1,300 1,300 900 213.9 80 Oct 31, 2025 J-GAAP
YoY +0.4% +21.3% +6.9% +15.1% +17.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 3,590 365 262 178 41.0 10.2 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 3,775 477 591 398 92.1 12.6 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 3,306 30 19 -17 -4.0 0.9 May 15, 2025 J-GAAP
Apr - Jun, 2025 3,409 255 378 308 72.5 7.5 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 3,788 533 564 389 91.0 14.1 Nov 14, 2025 J-GAAP
YoY +5.5% +46.0% +115.3% +118.5% +122.0%

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