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Bunka Shutter, First Half Ordinary Profit Increases by 9%, Jul-Sep Ordinary Profit Increases by 69%
5930 Bunka Shutter Co.,Ltd. 【J-GAAP】
Earnings ReportBunka Shutter Co.,Ltd. <5930> [TSE Prime] announced its financial results in the afternoon session on November 5th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 9.1% from the same period last year, reaching 4.31 billion yen. However, Progress toward the full-year plan of 16.5 billion yen was 26.2%, almost the same as the five-year average of 27.4%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 12.6% from the same period last year, reaching 12.1 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 68.8% from the same period last year, reaching 3.95 billion yen. The operating profit margin remained almost flat, changing from 6.2% in the same period last year to 6.3%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 98,675 | 4,314 | 4,992 | 3,049 | 48.0 | 31.3 | Nov 7, 2023 | J-GAAP |
| Apr - Sep, 2024 | 102,298 | 3,890 | 3,955 | 2,208 | 31.1 | 26.8 | Nov 6, 2024 | J-GAAP |
| Apr - Sep, 2025 | 105,276 | 3,863 | 4,316 | 2,746 | 38.8 | 26.2 | Nov 5, 2025 | J-GAAP |
| YoY | +2.9% | -0.7% | +9.1% | +24.4% | +24.9% |
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 | 106,000 | 3,900 | 4,000 | 2,300 | 32.7 | 37 | May 14, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 105,276 | 3,863 | 4,316 | 2,746 | 38.8 | 37 | Nov 5, 2025 | J-GAAP |
| Revision Rate | -0.7% | -0.9% | +7.9% | +19.4% | +18.6% |
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 | 126,121 | 10,836 | 10,822 | 10,950 | 153.9 | 42 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 134,724 | 12,937 | 12,184 | 8,754 | 124.5 | 37 | Nov 5, 2025 | J-GAAP |
| YoY | +6.8% | +19.4% | +12.6% | -20.1% | -19.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 221,076 | 14,472 | 15,941 | 10,582 | 157.1 | 55 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 228,419 | 14,726 | 14,777 | 13,158 | 185.0 | 74 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 240,000 | 16,800 | 16,500 | 11,500 | 163.5 | 74 | May 14, 2025 | J-GAAP |
| YoY | +5.1% | +14.1% | +11.7% | -12.6% | -11.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 55,983 | 3,457 | 2,341 | 1,436 | 20.2 | 6.2 | Nov 6, 2024 | J-GAAP |
| Oct - Dec, 2024 | 57,645 | 4,284 | 4,529 | 3,759 | 52.8 | 7.4 | Feb 6, 2025 | J-GAAP |
| Jan - Mar, 2025 | 68,476 | 6,552 | 6,293 | 7,191 | 101.1 | 9.6 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 48,676 | 292 | 364 | -111 | -1.6 | 0.6 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 56,600 | 3,571 | 3,952 | 2,857 | 40.4 | 6.3 | Nov 5, 2025 | J-GAAP |
| YoY | +1.1% | +3.3% | +68.8% | +99.0% | +99.9% |
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