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IHI, Apr-Jun (1Q) Net Income Decreases by 38%, Revises Dividend Forecast in Conjunction with Stock Split

Wed Aug 6, 2025 1:00 pm JST Earnings

7013 IHI Corporation 【IFRS】

Earnings Report

IHI Corporation <7013> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on August 6th (13:00). The consolidated net income for the first quarter of the fiscal year ending March 2026 (April to June) dropped 37.6% from the same period last year to 11.6 billion yen. Progress toward the full-year plan of 120 billion yen was 9.7%, also falling below the five-year average of 19.0%.

At the same time, due to a planned 7-for-1 forward stock split is scheduled for September 30, the the annual dividend has been revised from the original plan of 140 yen to 80 yen (equivalent to 140 yen before the forward stock split), but the actual dividend remains unchanged.

In the most recent three-month period, from April to June (1Q), the operating profit margin worsened from 6.8% in the same period last year to 6.2%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Jun, 2023 298,457 8,929 12,731 5,606 5.3 ー Aug 8, 2023 IFRS
Apr - Jun, 2024 348,163 23,830 31,682 18,583 17.5 50.6 Aug 6, 2024 IFRS
Apr - Jun, 2025 337,791 20,889 20,225 11,601 11.0 ー Aug 6, 2025 IFRS
YoY -3.0% -12.3% -36.2% -37.6% -37.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,650,000 150,000 135,000 120,000 113.2 20 May 8, 2025 IFRS
Mar, 2026 New 1,650,000 150,000 135,000 120,000 113.2 20 Aug 6, 2025 IFRS
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 757,488 77,263 62,660 39,309 37.1 7.14 Nov 6, 2024 IFRS
Apr - Sep, 2025 Guidance ー ー ー ー － 10 May 8, 2025 IFRS
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,322,591 -70,138 -72,280 -68,214 -64.4 14.29 May 8, 2024 IFRS
Mar, 2025 1,626,831 143,517 138,488 112,740 106.4 17.14 May 8, 2025 IFRS
Mar, 2026 Guidance 1,650,000 150,000 135,000 120,000 113.2 20 Aug 6, 2025 IFRS
YoY +1.4% +4.5% -2.5% +6.4% +6.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 348,163 23,830 31,682 18,583 17.5 6.8 Aug 6, 2024 IFRS
Jul - Sep, 2024 409,325 53,433 30,978 20,726 19.6 13.1 Nov 6, 2024 IFRS
Oct - Dec, 2024 392,502 26,200 51,956 37,481 35.4 6.7 Feb 7, 2025 IFRS
Jan - Mar, 2025 476,841 40,054 23,872 35,950 33.9 8.4 May 8, 2025 IFRS
Apr - Jun, 2025 337,791 20,889 20,225 11,601 11.0 6.2 Aug 6, 2025 IFRS
YoY -3.0% -12.3% -36.2% -37.6% -37.6%

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