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SPACE SHOWER SKIYAKI, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 25%, Raises Record High Profit Forecast, Dividend Revised Upward by 4 Yen

Thu Nov 13, 2025 12:00 pm JST Earnings

4838 SPACE SHOWER SKIYAKI HOLDINGS INC. 【J-GAAP】

Earnings Report

SPACE SHOWER SKIYAKI HOLDINGS INC. <4838> [TSE Std] announced its financial results at noon (12:00) on November 13th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 2.4 times that of the same period last year, reaching 1.38 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 25.4%, from the previous forecast of 1.30 billion yen to 1.63 billion yen (compared to 0.88 billion yen in the previous period), increasing the growth rate from 46.2% to 83.4%, further surpassing the previous forecast of record-high profits for two consecutive terms.

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 18.9% from the same period last year to 0.24 billion yen.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 16 yen to 20 yen (compared to 13 yen in the previous period).

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 0.74 billion yen. The operating profit margin drastically improved from 6.1% in the same period last year to 11.7%.

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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 8,922 683 679 424 50.7 109.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 10,581 581 582 323 19.4 65.5 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 11,904 1,339 1,381 800 48.8 84.7 Nov 13, 2025 J-GAAP
YoY +12.5% +130.5% +137.3% +147.7% +151.1%

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 － 0 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 11,904 1,339 1,381 800 48.8 0 Nov 13, 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 21,000 1,300 1,300 750 45.8 16 May 14, 2025 J-GAAP
Mar, 2026 New 22,000 1,600 1,630 960 58.6 20 Nov 13, 2025 J-GAAP
Revision Rate +4.8% +23.1% +25.4% +28.0% +28.0%

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 10,056 296 307 -36 -2.2 13 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 10,096 261 249 160 9.8 20 Nov 13, 2025 J-GAAP
YoY +0.4% -11.8% -18.9% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 16,143 618 619 280 33.4 10 May 14, 2024 J-GAAP
Mar, 2025 20,637 877 889 287 17.3 13 May 14, 2025 J-GAAP
Mar, 2026 Guidance 22,000 1,600 1,630 960 58.6 20 Nov 13, 2025 J-GAAP
YoY +6.6% +82.4% +83.4% +234.5% +239.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 5,661 348 339 170 10.2 6.1 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 4,846 133 141 -43 -2.6 2.7 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 5,210 163 166 7 0.4 3.1 May 14, 2025 J-GAAP
Apr - Jun, 2025 5,650 606 635 346 21.1 10.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 6,254 733 746 454 27.7 11.7 Nov 13, 2025 J-GAAP
YoY +10.5% +110.6% +120.1% +167.1% +170.7%

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