kabutan

Ray, First Half Ordinary Profit Increases by 3.3 times, Jun-Aug Ordinary Profit Increases by 3.5 times

Tue Oct 14, 2025 3:30 pm JST Earnings

4317 Ray Corporation 【J-GAAP】

Earnings Report

Ray Corporation <4317> [TSE Std] announced its financial results after the market closed on October 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2026 (March to August) surged 3.3 times that of the same period last year, reaching 0.77 billion yen. Progress toward the full-year plan of 1.30 billion yen was 59.8%, also surpassing the five-year average of 23.6%.

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 September to February period (second half) is expected to drop 35.9% from the same period last year to 0.52 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit surged 3.5 times that of the same period last year, reaching 0.25 billion yen. The operating profit margin drastically improved from 2.3% in the same period last year to 8.3%.

Kabutan News

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
Mar - Aug, 2023 4,448 174 240 68 4.8 18.3 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 4,513 172 236 169 12.1 22.5 Oct 11, 2024 J-GAAP
Mar - Aug, 2025 5,845 708 778 547 41.2 59.8 Oct 14, 2025 J-GAAP
YoY +29.5% +311.6% +229.7% +223.7% +240.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 Guidance 5,845 708 778 547 41.6 0 Oct 9, 2025 J-GAAP
Mar - Aug, 2025 Results 5,845 708 778 547 41.2 0 Oct 14, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% -0.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 5,943 755 814 576 41.8 15 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 Guidance 6,655 492 522 353 26.8 15 Oct 9, 2025 J-GAAP
YoY +12.0% -34.8% -35.9% -38.7% -35.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 11,222 1,152 1,311 818 57.3 15 Apr 12, 2024 J-GAAP
Feb, 2025 10,456 927 1,050 745 54.1 15 Apr 14, 2025 J-GAAP
Feb, 2026 Guidance 12,500 1,200 1,300 900 68.4 15 Oct 9, 2025 J-GAAP
YoY +19.5% +29.4% +23.8% +20.8% +26.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 2,191 51 74 56 4.0 2.3 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 2,859 310 355 253 18.3 10.8 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 3,084 445 459 323 23.5 14.4 Apr 14, 2025 J-GAAP
Mar - May, 2025 3,217 490 520 364 27.2 15.2 Jul 14, 2025 J-GAAP
Jun - Aug, 2025 2,628 218 258 183 13.8 8.3 Oct 14, 2025 J-GAAP
YoY +19.9% +327.5% +248.6% +226.8% +243.9%

Related Articles