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TSUMURA CO, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 1%, Dividend Revised Upward by 8 Yen

Mon Nov 10, 2025 11:30 am JST Earnings

4540 TSUMURA & CO. 【J-GAAP】

Earnings Report

TSUMURA & CO. <4540> [TSE Prime] announced its financial results at noon (11:30) on November 10th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 29.8% from the same period last year to 16.4 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 1.5%, from the previous forecast of 34.0 billion yen to 34.5 billion yen (compared to 42.4 billion yen in the previous period), and the declining rate is expected to decrease from 19.9% to 18.7%.

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 5.1% from the same period last year to 18.0 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 136 yen to 144 yen (compared to 136 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 10.3% from the same period last year, reaching 10.2 billion yen. However, the operating profit margin decreased from 23.1% in the same period last year to 20.1%.

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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 75,302 10,211 12,675 9,005 118.4 54.0 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 89,071 21,075 23,402 17,502 230.5 55.1 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 89,897 17,119 16,419 12,477 166.7 47.6 Nov 10, 2025 J-GAAP
YoY +0.9% -18.8% -29.8% -28.7% -27.7%

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 91,500 16,000 16,000 11,000 147.2 68 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 89,897 17,119 16,419 12,477 166.7 68 Nov 10, 2025 J-GAAP
Revision Rate -1.8% +7.0% +2.6% +13.4% +13.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 188,000 34,200 34,000 23,000 309.4 136 May 12, 2025 J-GAAP
Mar, 2026 New 198,000 35,000 34,500 24,300 326.9 144 Nov 10, 2025 J-GAAP
Revision Rate +5.3% +2.3% +1.5% +5.7% +5.7%

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 92,022 19,050 19,044 14,926 196.6 68 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 108,103 17,881 18,081 11,823 159.1 76 Nov 10, 2025 J-GAAP
YoY +17.5% -6.1% -5.1% -20.8% -19.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 150,845 20,017 23,493 16,707 219.8 85 May 9, 2024 J-GAAP
Mar, 2025 181,093 40,125 42,446 32,428 427.2 136 May 12, 2025 J-GAAP
Mar, 2026 Guidance 198,000 35,000 34,500 24,300 326.9 144 Nov 10, 2025 J-GAAP
YoY +9.3% -12.8% -18.7% -25.1% -23.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 45,381 10,500 9,284 6,322 83.3 23.1 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 47,702 11,305 11,749 9,065 119.4 23.7 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 44,320 7,745 7,295 5,861 77.2 17.5 May 12, 2025 J-GAAP
Apr - Jun, 2025 43,094 7,719 6,181 4,367 58.2 17.9 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 46,803 9,400 10,238 8,110 108.3 20.1 Nov 10, 2025 J-GAAP
YoY +3.1% -10.5% +10.3% +28.3% +30.1%

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