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Heiwa, First Half Ordinary Profit Increases by 20%, Jul-Sep Ordinary Profit Decreases by 24%

Thu Nov 13, 2025 3:30 pm JST Earnings

6412 Heiwa Corporation 【J-GAAP】

Earnings Report

Heiwa Corporation <6412> [TSE Prime] 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) increased 20.2% from the same period last year, reaching 18.3 billion yen. However, Progress toward the full-year plan of 47.8 billion yen was 38.5%, also falling below the five-year average of 56.3%.

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 surge 4.9 times that of the same period last year, reaching 29.4 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 5.01 billion yen, a 23.6% decrease compared to the same period last year. The operating profit margin significantly dropped from 18.6% in the same period last year to 12.7%.

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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 66,715 12,171 11,447 7,436 75.4 50.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 71,790 15,404 15,292 10,415 105.6 71.7 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 131,471 23,107 18,386 9,807 99.4 38.5 Nov 13, 2025 J-GAAP
YoY +83.1% +50.0% +20.2% -5.8% -5.8%

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 － 40 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 131,471 23,107 18,386 9,807 99.4 40 Nov 13, 2025 J-GAAP
Revision Rate － － － － －

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 74,077 12,286 6,040 2,649 26.9 40 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 164,429 34,893 29,414 13,293 134.8 40 Nov 13, 2025 J-GAAP
YoY +122.0% +184.0% +387.0% +401.8% +401.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 136,381 23,430 22,746 16,611 168.4 80 May 10, 2024 J-GAAP
Mar, 2025 145,867 27,690 21,332 13,064 132.5 80 May 14, 2025 J-GAAP
Mar, 2026 Guidance 295,900 58,000 47,800 23,100 234.2 80 May 14, 2025 J-GAAP
YoY +102.9% +109.5% +124.1% +76.8% +76.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 36,204 6,750 6,567 4,787 48.5 18.6 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 46,992 13,364 13,204 10,168 103.1 28.4 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 27,085 -1,078 -7,164 -7,519 -76.2 -4.0 May 14, 2025 J-GAAP
Apr - Jun, 2025 70,249 15,353 13,371 8,180 82.9 21.9 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 61,222 7,754 5,015 1,627 16.5 12.7 Nov 13, 2025 J-GAAP
YoY +69.1% +14.9% -23.6% -66.0% -66.0%

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