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SHOEI YAKUHIN, First Half Ordinary Profit Decreases by 12%

Fri Nov 7, 2025 3:30 pm JST Earnings

3537 SHOEI YAKUHIN CO.,LTD. 【J-GAAP】

Earnings Report

SHOEI YAKUHIN CO.,LTD. <3537> [TSE Std] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 11.8% from the same period last year to 359 million yen. However, Progress toward the full-year plan of 594 million yen was 60.4%, also surpassing the five-year average of 51.2%.

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 32.9% from the same period last year to 235 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 204 million yen, a 12.8% decrease compared to the same period last year. The operating profit margin worsened from 2.7% in the same period last year to 1.6%.

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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 11,113 236 349 246 72.6 53.6 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 12,286 308 407 282 82.9 53.8 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 13,363 240 359 241 70.8 60.4 Nov 7, 2025 J-GAAP
YoY +8.8% -22.1% -11.8% -14.5% -14.6%

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 12,226 203 300 205 59.9 0 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 13,363 240 359 241 70.8 0 Nov 7, 2025 J-GAAP
Revision Rate +9.3% +18.2% +19.7% +17.6% +18.3%

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 12,726 251 350 245 72.0 39 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 11,101 165 235 176 51.4 39 Nov 7, 2025 J-GAAP
YoY -12.8% -34.3% -32.9% -28.2% -28.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 22,595 440 651 491 144.8 38 May 13, 2024 J-GAAP
Mar, 2025 25,012 559 757 527 154.8 39 May 12, 2025 J-GAAP
Mar, 2026 Guidance 24,464 405 594 417 121.8 39 May 12, 2025 J-GAAP
YoY -2.2% -27.5% -21.5% -20.9% -21.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 6,313 172 234 166 48.8 2.7 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 6,604 189 230 155 45.6 2.9 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 6,122 62 120 90 26.4 1.0 May 12, 2025 J-GAAP
Apr - Jun, 2025 6,744 136 155 98 28.9 2.0 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 6,619 104 204 143 42.0 1.6 Nov 7, 2025 J-GAAP
YoY +4.8% -39.5% -12.8% -13.9% -13.9%

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