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YAMAICHI ELECTRONICS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 15%, Dividend Revised Upward by 15 Yen
6941 YAMAICHI ELECTRONICS CO.,LTD. 【J-GAAP】
Earnings ReportYAMAICHI ELECTRONICS CO.,LTD. <6941> [TSE Prime] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 5.4% from the same period last year, reaching 6.49 billion yen, resulting in an increase in profits compared to the previous forecast of a 6.7% decrease.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 15.2%, from the previous forecast of 7.90 billion yen to 9.10 billion yen (compared to 7.68 billion yen in the previous period), increasing the growth rate from 2.7% to 18.4%.
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 expand 70.7% from the same period last year, reaching 2.60 billion yen.
In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 90 yen to 105 yen (compared to 89 yen in the previous period).
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 62.1% from the same period last year, reaching 2.71 billion yen. The operating profit margin rose from 21.3% in the same period last year to 21.5%.
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 | 18,606 | 1,570 | 1,665 | 1,198 | 58.2 | 57.1 | Nov 7, 2023 | J-GAAP |
| Apr - Sep, 2024 | 27,577 | 6,833 | 6,162 | 4,091 | 200.8 | 80.1 | Nov 6, 2024 | J-GAAP |
| Apr - Sep, 2025 | 26,739 | 6,418 | 6,493 | 4,651 | 252.2 | 71.4 | Nov 5, 2025 | J-GAAP |
| YoY | -3.0% | -6.1% | +5.4% | +13.7% | +25.6% |
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 | 25,350 | 6,050 | 5,750 | 4,000 | 217.4 | 35 | May 13, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 26,739 | 6,418 | 6,493 | 4,651 | 252.2 | 35 | Nov 5, 2025 | J-GAAP |
| Revision Rate | +5.5% | +6.1% | +12.9% | +16.3% | +16.0% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 47,400 | 8,500 | 7,900 | 5,500 | 299.0 | 90 | May 13, 2025 | J-GAAP |
| Mar, 2026 New | 47,700 | 9,300 | 9,100 | 6,400 | 347.9 | 105 | Nov 5, 2025 | J-GAAP |
| Revision Rate | +0.6% | +9.4% | +15.2% | +16.4% | +16.4% |
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 | 17,721 | 1,392 | 1,527 | 1,149 | 56.9 | 54 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 20,961 | 2,882 | 2,607 | 1,749 | 95.1 | 70 | Nov 5, 2025 | J-GAAP |
| YoY | +18.3% | +107.0% | +70.7% | +52.2% | +67.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 36,423 | 2,933 | 2,914 | 2,060 | 100.4 | 31 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 45,298 | 8,225 | 7,689 | 5,240 | 259.5 | 89 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 47,700 | 9,300 | 9,100 | 6,400 | 347.9 | 105 | Nov 5, 2025 | J-GAAP |
| YoY | +5.3% | +13.1% | +18.4% | +22.1% | +34.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 12,460 | 2,654 | 1,675 | 909 | 44.6 | 21.3 | Nov 6, 2024 | J-GAAP |
| Oct - Dec, 2024 | 8,559 | 382 | 790 | 393 | 19.4 | 4.5 | Feb 5, 2025 | J-GAAP |
| Jan - Mar, 2025 | 9,162 | 1,010 | 737 | 756 | 37.4 | 11.0 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 14,650 | 3,820 | 3,778 | 2,786 | 150.7 | 26.1 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 12,089 | 2,598 | 2,715 | 1,865 | 101.1 | 21.5 | Nov 5, 2025 | J-GAAP |
| YoY | -3.0% | -2.1% | +62.1% | +105.2% | +126.7% |
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