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SEC CARBON, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 6%

Thu Nov 13, 2025 3:30 pm JST Earnings

5304 SEC CARBON,LIMITED 【J-GAAP】

Earnings Report

SEC CARBON,LIMITED <5304> [TSE Std] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) significantly dropped 52.6% from the same period last year to 2.28 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 6.0%, from the previous forecast of 5.00 billion yen to 5.30 billion yen (compared to 7.71 billion yen in the previous period), and the declining rate is expected to decrease from 35.2% to 31.3%.

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 grow 4.1% from the same period last year, reaching 3.01 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.33 billion yen, a 21.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 27.6% in the same period last year to 16.4%.

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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 16,791 4,868 5,651 3,863 190.1 48.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 16,384 4,578 4,819 3,561 176.1 62.5 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 10,299 1,580 2,284 1,634 81.5 43.1 Nov 13, 2025 J-GAAP
YoY -37.1% -65.5% -52.6% -54.1% -53.7%

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 11,100 1,000 1,500 1,000 49.9 50 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 10,299 1,580 2,284 1,634 81.5 50 Nov 13, 2025 J-GAAP
Revision Rate -7.2% +58.0% +52.3% +63.4% +63.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 29,200 3,900 5,000 3,300 164.6 100 May 14, 2025 J-GAAP
Mar, 2026 New 26,600 4,100 5,300 3,600 179.6 100 Nov 13, 2025 J-GAAP
Revision Rate -8.9% +5.1% +6.0% +9.1% +9.1%

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 14,795 2,245 2,897 2,189 108.7 50 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 16,301 2,520 3,016 1,966 98.1 50 Nov 13, 2025 J-GAAP
YoY +10.2% +12.2% +4.1% -10.2% -9.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 37,307 10,217 11,555 7,299 359.2 100 May 14, 2024 J-GAAP
Mar, 2025 31,179 6,823 7,716 5,750 285.6 100 May 14, 2025 J-GAAP
Mar, 2026 Guidance 26,600 4,100 5,300 3,600 179.6 100 Nov 13, 2025 J-GAAP
YoY -14.7% -39.9% -31.3% -37.4% -37.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 7,984 2,201 1,694 1,285 63.6 27.6 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 7,359 1,719 2,472 1,713 85.0 23.4 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 7,436 526 425 476 23.6 7.1 May 14, 2025 J-GAAP
Apr - Jun, 2025 4,378 609 948 672 33.5 13.9 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 5,921 971 1,336 962 48.0 16.4 Nov 13, 2025 J-GAAP
YoY -25.8% -55.9% -21.1% -25.1% -24.5%

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