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SMN, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 41%

Fri Oct 31, 2025 3:30 pm JST Earnings

6185 SMN Corporation 【J-GAAP】

Earnings Report

SMN Corporation <6185> [TSE Std] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a profit of 165 million yen (compared to a loss of 189 million yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 40.5%, from the previous forecast of 370 million yen to 520 million yen (compared to 165 million yen in the previous period), increasing the growth rate from 2.2 times to 3.2 times.

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 nearly flat at 355 million yen, up 0.3% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of 107 million yen (compared to a loss of 144 million yen in the same period last year). The operating profit/loss margin drastically improved from -2.9% in the same period last year to 3.8%.

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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 4,143 -377 -372 -285 -19.7 ー Oct 31, 2023 J-GAAP
Apr - Sep, 2024 5,590 -128 -189 -58 -4.0 ー Oct 31, 2024 J-GAAP
Apr - Sep, 2025 5,680 181 165 120 8.3 31.7 Oct 31, 2025 J-GAAP
YoY +1.6% － － － －

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 Apr 30, 2025 J-GAAP
Apr - Sep, 2025 Results 5,680 181 165 120 8.3 0 Oct 31, 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 12,000 400 370 320 21.9 0 Apr 30, 2025 J-GAAP
Mar, 2026 New 12,200 550 520 430 29.4 0 Oct 31, 2025 J-GAAP
Revision Rate +1.7% +37.5% +40.5% +34.4% +34.4%

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 6,050 367 354 349 24.0 0 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 6,520 369 355 310 21.2 0 Oct 31, 2025 J-GAAP
YoY +7.8% +0.5% +0.3% -11.2% -11.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 9,336 102 95 -1,028 -70.8 0 Apr 30, 2024 J-GAAP
Mar, 2025 11,640 239 165 291 20.0 0 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 12,200 550 520 430 29.4 0 Oct 31, 2025 J-GAAP
YoY +4.8% +130.1% +215.2% +47.8% +46.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,702 -78 -144 -1 -0.1 -2.9 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 2,704 74 72 66 5.0 2.7 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 3,346 293 282 283 19.5 8.8 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 2,729 70 58 18 1.3 2.6 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 2,951 111 107 102 7.0 3.8 Oct 31, 2025 J-GAAP
YoY +9.2% － － － －

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