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ENDO Lighting, Jul-Sep (2Q) Ordinary Profit Decreases by 8%
6932 ENDO Lighting Corporation 【J-GAAP】
Earnings ReportENDO Lighting Corporation <6932> [TSE Std] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 16.9% from the same period last year, reaching 2.24 billion yen. However, Progress toward the full-year plan of 5.60 billion yen was 40.0%, almost the same as the five-year average of 39.7%.
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 decrease 3.9% from the same period last year to 3.35 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.26 billion yen, an 8.2% decrease compared to the same period last year. However, the operating profit margin improved from 8.2% in the same period last year to 9.8%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 23,907 | 2,018 | 2,370 | 1,804 | 122.2 | 41.4 | Oct 31, 2023 | J-GAAP |
| Apr - Sep, 2024 | 24,939 | 1,672 | 1,918 | 1,275 | 86.3 | 35.4 | Oct 31, 2024 | J-GAAP |
| Apr - Sep, 2025 | 25,138 | 2,076 | 2,242 | 1,616 | 109.5 | 40.0 | Oct 31, 2025 | J-GAAP |
| YoY | +0.8% | +24.2% | +16.9% | +26.7% | +26.8% |
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 | 26,200 | 1,900 | 2,100 | 1,700 | 115.1 | 40 | Apr 30, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 25,138 | 2,076 | 2,242 | 1,616 | 109.5 | 40 | Oct 31, 2025 | J-GAAP |
| Revision Rate | -4.1% | +9.3% | +6.8% | -4.9% | -4.9% |
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 | 28,796 | 3,258 | 3,493 | 3,524 | 238.5 | 30 | Apr 30, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 30,562 | 3,224 | 3,358 | 2,484 | 168.2 | 44 | Oct 31, 2025 | J-GAAP |
| YoY | +6.1% | -1.0% | -3.9% | -29.5% | -29.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 51,706 | 5,203 | 5,724 | 4,649 | 314.7 | 40 | Apr 30, 2024 | J-GAAP |
| Mar, 2025 | 53,735 | 4,930 | 5,411 | 4,799 | 324.9 | 50 | Apr 30, 2025 | J-GAAP |
| Mar, 2026 Guidance | 55,700 | 5,300 | 5,600 | 4,100 | 277.6 | 84 | Apr 30, 2025 | J-GAAP |
| YoY | +3.7% | +7.5% | +3.5% | -14.6% | -14.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 13,158 | 1,075 | 1,378 | 1,152 | 78.0 | 8.2 | Oct 31, 2024 | J-GAAP |
| Oct - Dec, 2024 | 13,795 | 1,356 | 1,158 | 878 | 59.4 | 9.8 | Jan 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 15,001 | 1,902 | 2,335 | 2,646 | 179.1 | 12.7 | Apr 30, 2025 | J-GAAP |
| Apr - Jun, 2025 | 12,507 | 842 | 977 | 584 | 39.6 | 6.7 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 12,631 | 1,234 | 1,265 | 1,032 | 69.9 | 9.8 | Oct 31, 2025 | J-GAAP |
| YoY | -4.0% | +14.8% | -8.2% | -10.4% | -10.4% |
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