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JFE Systems, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 11%

Wed Oct 29, 2025 3:30 pm JST Earnings

4832 JFE Systems, Inc. 【J-GAAP】

Earnings Report

JFE Systems, Inc. <4832> [TSE Std] announced its financial results after the market closed on October 29th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 19.3% from the same period last year to 2.70 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 10.9%, from the previous forecast of 6.40 billion yen to 5.70 billion yen (compared to 7.66 billion yen in the previous period), leading to an increase in the profit decline rate from 16.5% to 25.7%.

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 drop 30.6% from the same period last year to 2.99 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 1.02 billion yen, a 48.8% decrease compared to the same period last year. The operating profit margin significantly dropped from 13.1% in the same period last year to 7.0%.

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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 30,799 4,046 4,067 2,704 86.1 54.6 Oct 26, 2023 J-GAAP
Apr - Sep, 2024 29,891 3,328 3,355 2,289 72.9 43.8 Oct 29, 2024 J-GAAP
Apr - Sep, 2025 29,258 2,667 2,707 1,765 56.2 47.5 Oct 29, 2025 J-GAAP
YoY -2.1% -19.9% -19.3% -22.9% -22.9%

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 ー ー ー ー － 28 Apr 25, 2025 J-GAAP
Apr - Sep, 2025 Results 29,258 2,667 2,707 1,765 56.2 28 Oct 29, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 58,620 6,300 6,400 4,260 135.6 68 Apr 25, 2025 J-GAAP
Mar, 2026 New 58,436 5,582 5,700 3,900 124.2 68 Oct 29, 2025 J-GAAP
Revision Rate -0.3% -11.4% -10.9% -8.5% -8.4%

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 34,081 4,261 4,312 3,153 100.4 35.50 Apr 25, 2025 J-GAAP
Oct - Mar, 2025 Guidance 29,178 2,915 2,993 2,135 68.0 40 Oct 29, 2025 J-GAAP
YoY -14.4% -31.6% -30.6% -32.3% -32.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 62,033 7,402 7,452 4,969 158.2 60.50 Apr 25, 2024 J-GAAP
Mar, 2025 63,972 7,589 7,667 5,442 173.3 61 Apr 25, 2025 J-GAAP
Mar, 2026 Guidance 58,436 5,582 5,700 3,900 124.2 68 Oct 29, 2025 J-GAAP
YoY -8.7% -26.4% -25.7% -28.3% -28.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 15,218 2,000 1,996 1,427 45.4 13.1 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 17,267 1,962 1,996 1,452 46.2 11.4 Jan 28, 2025 J-GAAP
Jan - Mar, 2025 16,814 2,299 2,316 1,701 54.2 13.7 Apr 25, 2025 J-GAAP
Apr - Jun, 2025 14,811 1,653 1,685 1,097 34.9 11.2 Jul 29, 2025 J-GAAP
Jul - Sep, 2025 14,447 1,014 1,022 668 21.3 7.0 Oct 29, 2025 J-GAAP
YoY -5.1% -49.3% -48.8% -53.2% -53.2%

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