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Sumitomo Riko, Net Income Forecast for the Fiscal Year Revised Upward by 3%, Second Half Dividend Postponed
5191 Sumitomo Riko Company Limited 【IFRS】
Earnings ReportSumitomo Riko Company Limited <5191> [TSE Prime] announced its financial results (based on IFRS) at noon (12:00) on October 30th. The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 16.9% from the same period last year, reaching 11.7 billion yen.
In addition, the full-year forecast for consolidated net income has been revised upward 3.4%, from the previous forecast of 20.5 billion yen to 21.2 billion yen (compared to 27.4 billion yen in the previous period), and the declining rate is expected to decrease from 25.2% to 22.7%.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop 45.5% from the same period last year to 9.47 billion yen.
At the same time, In conjunction with a Tender Offer Bid (TOB), the company has decided to forgo the the second half of 26 yen for the current fiscal year.
In the most recent three-month period, from July to September (2Q), the consolidated net income increased 45.2% from the same period last year, reaching 5.96 billion yen. The operating profit margin remained almost flat, changing from 5.5% in the same period last year to 5.8%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 297,878 | 12,188 | 10,595 | 5,827 | 56.1 | 34.4 | Oct 31, 2023 | IFRS |
| Apr - Sep, 2024 | 309,169 | 17,378 | 15,720 | 10,030 | 96.6 | 40.7 | Oct 31, 2024 | IFRS |
| Apr - Sep, 2025 | 316,333 | 18,987 | 18,112 | 11,723 | 112.9 | 51.7 | Oct 30, 2025 | IFRS |
| YoY | +2.3% | +9.3% | +15.2% | +16.9% | +16.9% |
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 | 305,000 | 17,900 | 16,300 | 10,400 | 100.2 | 30 | Jul 30, 2025 | IFRS |
| Apr - Sep, 2025 Results | 316,333 | 18,987 | 18,112 | 11,723 | 112.9 | 34 | Oct 30, 2025 | IFRS |
| Revision Rate | +3.7% | +6.1% | +11.1% | +12.7% | +12.7% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 615,000 | 38,400 | 35,000 | 20,500 | 197.5 | 60 | Jul 30, 2025 | IFRS |
| Mar, 2026 New | 620,000 | 37,500 | 35,000 | 21,200 | 204.2 | 34 | Oct 30, 2025 | IFRS |
| Revision Rate | +0.8% | -2.3% | 0.0% | +3.4% | +3.4% |
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 | 324,162 | 24,195 | 22,913 | 17,389 | 167.5 | 42 | May 9, 2025 | IFRS |
| Oct - Mar, 2025 Guidance | 303,667 | 18,513 | 16,888 | 9,477 | 91.3 | 0 | Oct 30, 2025 | IFRS |
| YoY | -6.3% | -23.5% | -26.3% | -45.5% | -45.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 615,449 | 33,977 | 30,805 | 18,641 | 179.5 | 36 | May 9, 2024 | IFRS |
| Mar, 2025 | 633,331 | 41,573 | 38,633 | 27,419 | 264.1 | 66 | May 9, 2025 | IFRS |
| Mar, 2026 Guidance | 620,000 | 37,500 | 35,000 | 21,200 | 204.2 | 34 | Oct 30, 2025 | IFRS |
| YoY | -2.1% | -9.8% | -9.4% | -22.7% | -22.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 151,554 | 8,380 | 7,157 | 4,106 | 39.6 | 5.5 | Oct 31, 2024 | IFRS |
| Oct - Dec, 2024 | 162,102 | 15,741 | 15,194 | 12,158 | 117.1 | 9.7 | Jan 29, 2025 | IFRS |
| Jan - Mar, 2025 | 162,060 | 8,454 | 7,719 | 5,231 | 50.4 | 5.2 | May 9, 2025 | IFRS |
| Apr - Jun, 2025 | 154,783 | 9,633 | 9,129 | 5,763 | 55.5 | 6.2 | Jul 30, 2025 | IFRS |
| Jul - Sep, 2025 | 161,550 | 9,354 | 8,983 | 5,960 | 57.4 | 5.8 | Oct 30, 2025 | IFRS |
| YoY | +6.6% | +11.6% | +25.5% | +45.2% | +45.1% |
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