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ESPEC CORP, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 1% Decrease

Thu Nov 13, 2025 3:00 pm JST Earnings

6859 ESPEC CORP. 【J-GAAP】

Earnings Report

ESPEC CORP. <6859> [TSE Prime] announced its financial results in the afternoon session on November 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 20.4% from the same period last year to 2.70 billion yen, resulting in a decrease in profits compared to the previous forecast of a 1.5% increase.

In addition, the full-year forecast for consolidated ordinary profit has decreased 10.4%, from the previous forecast of 8.65 billion yen to 7.75 billion yen (compared to 7.79 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 0.6% decrease in profit.

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 grow 14.8% from the same period last year, reaching 5.04 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 3.3% from the same period last year, reaching 2.36 billion yen. However, the operating profit margin decreased from 14.2% in the same period last year to 12.6%.

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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 27,257 2,333 2,526 1,653 75.8 36.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 30,464 3,296 3,398 2,452 112.3 43.6 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 30,322 2,607 2,704 1,912 87.5 34.9 Nov 13, 2025 J-GAAP
YoY -0.5% -20.9% -20.4% -22.0% -22.1%

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 31,000 3,350 3,450 2,500 114.5 45 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 30,322 2,607 2,704 1,912 87.5 45 Nov 13, 2025 J-GAAP
Revision Rate -2.2% -22.2% -21.6% -23.5% -23.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 68,000 8,500 8,650 6,190 282.8 115 May 15, 2025 J-GAAP
Mar, 2026 New 68,000 7,600 7,750 5,800 265.0 115 Nov 13, 2025 J-GAAP
Revision Rate 0.0% -10.6% -10.4% -6.3% -6.3%

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 36,824 4,230 4,395 3,551 162.7 60 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 37,678 4,993 5,046 3,888 177.6 70 Nov 13, 2025 J-GAAP
YoY +2.3% +18.0% +14.8% +9.5% +9.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 62,126 6,585 6,919 4,969 227.6 75 May 15, 2024 J-GAAP
Mar, 2025 67,288 7,526 7,793 6,003 275.0 95 May 15, 2025 J-GAAP
Mar, 2026 Guidance 68,000 7,600 7,750 5,800 265.0 115 Nov 13, 2025 J-GAAP
YoY +1.1% +1.0% -0.6% -3.4% -3.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 16,773 2,374 2,284 1,696 77.7 14.2 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 15,833 1,621 1,815 1,393 63.8 10.2 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 20,991 2,609 2,580 2,158 98.9 12.4 May 15, 2025 J-GAAP
Apr - Jun, 2025 12,323 335 344 107 4.9 2.7 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 17,999 2,272 2,360 1,805 82.6 12.6 Nov 13, 2025 J-GAAP
YoY +7.3% -4.3% +3.3% +6.4% +6.3%

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