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Togami Electric Mfg, Jul-Sep (2Q) Ordinary Profit Increases by 35%
6643 Togami Electric Mfg. Co.,Ltd. 【J-GAAP】
Earnings ReportTogami Electric Mfg. Co.,Ltd. <6643> [TSE Std] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 1.36 billion yen, a 0.3% decrease compared to the same period last year, resulting in a decrease in profits compared to the previous forecast of a 0.4% increase.
However, Progress toward the full-year plan of 3.60 billion yen was 37.8%, which was higher than the five-year average of 34.6%.
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 nearly flat at 2.23 billion yen, up 0.6% from the same period last year.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 34.9% from the same period last year, reaching 0.77 billion yen. The operating profit margin remained almost flat, changing from 10.1% in the same period last year to 10.1%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 12,704 | 840 | 1,068 | 706 | 142.6 | 35.3 | Nov 1, 2023 | J-GAAP |
| Apr - Sep, 2024 | 12,829 | 1,315 | 1,365 | 954 | 193.9 | 38.0 | Nov 7, 2024 | J-GAAP |
| Apr - Sep, 2025 | 13,810 | 1,280 | 1,361 | 844 | 176.1 | 37.8 | Oct 31, 2025 | J-GAAP |
| YoY | +7.6% | -2.7% | -0.3% | -11.5% | -9.2% |
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 | 13,500 | 1,320 | 1,370 | 960 | 203.4 | 60 | May 12, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 13,810 | 1,280 | 1,361 | 844 | 176.1 | 60 | Oct 31, 2025 | J-GAAP |
| Revision Rate | +2.3% | -3.0% | -0.7% | -12.1% | -13.4% |
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 | 14,819 | 2,054 | 2,225 | 1,439 | 295.4 | 90 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 14,790 | 2,120 | 2,239 | 1,786 | 378.4 | 70 | Oct 31, 2025 | J-GAAP |
| YoY | -0.2% | +3.2% | +0.6% | +24.1% | +28.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 26,731 | 2,694 | 3,029 | 2,090 | 421.9 | 110 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 27,648 | 3,369 | 3,590 | 2,393 | 491.3 | 150 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 28,600 | 3,400 | 3,600 | 2,630 | 557.2 | 130 | May 12, 2025 | J-GAAP |
| YoY | +3.4% | +0.9% | +0.3% | +9.9% | +13.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 6,448 | 651 | 571 | 392 | 79.7 | 10.1 | Nov 7, 2024 | J-GAAP |
| Oct - Dec, 2024 | 7,372 | 1,079 | 1,239 | 862 | 176.4 | 14.6 | Feb 5, 2025 | J-GAAP |
| Jan - Mar, 2025 | 7,447 | 975 | 986 | 577 | 118.5 | 13.1 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 6,700 | 559 | 591 | 411 | 85.4 | 8.3 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 7,110 | 721 | 770 | 433 | 90.3 | 10.1 | Oct 31, 2025 | J-GAAP |
| YoY | +10.3% | +10.8% | +34.9% | +10.5% | +13.3% |
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