AICHI ELECTRIC, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 12%, Raises Record High Profit Forecast, Dividend Revised Upward by 20 Yen

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Thu Jan 29, 2026 3:10 pm JST Earnings

6623 AICHI ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

AICHI ELECTRIC CO.,LTD. <6623> [NSE Prem] announced its financial results in the afternoon session on January 29th (15:10). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 23.1% from the same period last year, reaching 8.90 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 11.7%, from the previous forecast of 9.40 billion yen to 10.5 billion yen (compared to 9.32 billion yen in the previous period), increasing the growth rate from 0.8% to 12.6%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 27.8%, from the previous forecast of 3.95 billion yen to 5.05 billion yen (compared to 4.76 billion yen in the same period of the previous year), turning to a 6.0% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 220 yen to 240 yen (compared to 220 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 29.1% from the same period last year, reaching 3.45 billion yen. The operating profit margin improved from 9.0% in the same period last year to 9.7%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2023	82,713	5,445	6,451	4,495	473.7	77.6	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	87,557	6,752	7,232	4,998	531.5	77.6	Jan 30, 2025	J-GAAP
Apr - Dec, 2025	92,756	8,303	8,900	6,315	672.2	84.8	Jan 29, 2026	J-GAAP
YoY	+5.9%	+23.0%	+23.1%	+26.4%	+26.5%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2025 Prev	65,853	3,966	3,956	2,775	295.3	110	Oct 30, 2025	J-GAAP
Oct - Mar, 2025 New	67,853	4,866	5,056	3,475	369.8	130	Jan 29, 2026	J-GAAP
Revision Rate	+3.0%	+22.7%	+27.8%	+25.2%	+25.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	126,000	9,100	9,400	6,700	712.9	220	Oct 30, 2025	J-GAAP
Mar, 2026 New	128,000	10,000	10,500	7,400	787.4	240	Jan 29, 2026	J-GAAP
Revision Rate	+1.6%	+9.9%	+11.7%	+10.4%	+10.4%

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	62,340	4,591	4,768	3,479	370.1	140	Apr 30, 2025	J-GAAP
Oct - Mar, 2025 Guidance	67,853	4,866	5,056	3,475	369.8	130	Jan 29, 2026	J-GAAP
YoY	+8.8%	+6.0%	+6.0%	-0.1%	-0.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	110,595	7,059	8,312	5,937	625.6	160	Apr 30, 2024	J-GAAP
Mar, 2025	120,270	8,665	9,323	6,684	711.0	220	Apr 30, 2025	J-GAAP
Mar, 2026 Guidance	128,000	10,000	10,500	7,400	787.4	240	Jan 29, 2026	J-GAAP
YoY	+6.4%	+15.4%	+12.6%	+10.7%	+10.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	29,627	2,678	2,677	1,793	190.7	9.0	Jan 30, 2025	J-GAAP
Jan - Mar, 2025	32,713	1,913	2,091	1,686	179.3	5.8	Apr 30, 2025	J-GAAP
Apr - Jun, 2025	28,744	2,465	2,535	1,930	205.5	8.6	Jul 31, 2025	J-GAAP
Jul - Sep, 2025	31,403	2,669	2,909	1,995	212.3	8.5	Oct 30, 2025	J-GAAP
Oct - Dec, 2025	32,609	3,169	3,456	2,390	254.4	9.7	Jan 29, 2026	J-GAAP
YoY	+10.1%	+18.3%	+29.1%	+33.3%	+33.4%