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ALINCO, First Half Ordinary Profit Revised Downward to an Unexpected 4%Decrease
5933 ALINCO INCORPORATED 【J-GAAP】
Earnings ReportALINCO INCORPORATED <5933> [TSE Prime] announced its financial results after the market closed on October 20th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 3.6% from the same period last year to 1.42 billion yen, resulting in a decrease in profits compared to the previous forecast of a 1.8% increase.
Progress toward the full-year plan of 3.30 billion yen was 43.1%, also falling below the five-year average of 65.5%.
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 expand 56.1% from the same period last year, reaching 1.87 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 15.1% from the same period last year, reaching 0.80 billion yen. However, the operating profit margin worsened from 4.7% in the same period last year to 3.8%.
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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 | 29,230 | 1,367 | 2,103 | 1,468 | 74.8 | 73.0 | Oct 20, 2023 | J-GAAP |
| Apr - Sep, 2024 | 30,822 | 1,313 | 1,474 | 1,029 | 52.1 | 55.0 | Oct 18, 2024 | J-GAAP |
| Apr - Sep, 2025 | 31,748 | 1,256 | 1,421 | 918 | 46.1 | 43.1 | Oct 20, 2025 | J-GAAP |
| YoY | +3.0% | -4.3% | -3.6% | -10.8% | -11.4% |
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 | 31,170 | 1,320 | 1,500 | 930 | 46.6 | 22 | May 2, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 31,748 | 1,256 | 1,421 | 918 | 46.1 | 22 | Oct 20, 2025 | J-GAAP |
| Revision Rate | +1.9% | -4.8% | -5.3% | -1.3% | -1.1% |
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 | 30,779 | 883 | 1,204 | 930 | 47.0 | 22 | May 2, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 31,752 | 1,844 | 1,879 | 1,262 | 63.2 | 22 | Oct 20, 2025 | J-GAAP |
| YoY | +3.2% | +108.8% | +56.1% | +35.7% | +34.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 57,876 | 1,781 | 2,879 | 1,988 | 101.1 | 41 | May 2, 2024 | J-GAAP |
| Mar, 2025 | 61,601 | 2,196 | 2,678 | 1,959 | 98.9 | 43 | May 2, 2025 | J-GAAP |
| Mar, 2026 Guidance | 63,500 | 3,100 | 3,300 | 2,180 | 109.2 | 44 | May 2, 2025 | J-GAAP |
| YoY | +3.1% | +41.2% | +23.2% | +11.3% | +10.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 16,293 | 763 | 701 | 359 | 18.2 | 4.7 | Oct 18, 2024 | J-GAAP |
| Oct - Dec, 2024 | 16,375 | 730 | 1,167 | 746 | 37.7 | 4.5 | Feb 3, 2025 | J-GAAP |
| Jan - Mar, 2025 | 14,404 | 153 | 37 | 184 | 9.3 | 1.1 | May 2, 2025 | J-GAAP |
| Apr - Jun, 2025 | 15,415 | 643 | 614 | 399 | 20.1 | 4.2 | Jul 18, 2025 | J-GAAP |
| Jul - Sep, 2025 | 16,333 | 613 | 807 | 519 | 26.1 | 3.8 | Oct 20, 2025 | J-GAAP |
| YoY | +0.2% | -19.7% | +15.1% | +44.6% | +43.6% |
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