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HAGIWARA ELECTRIC, First Half Ordinary Profit Decreases by 39%

Fri Nov 14, 2025 1:20 pm JST Earnings

7467 HAGIWARA ELECTRIC HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

HAGIWARA ELECTRIC HOLDINGS CO.,LTD. <7467> [TSE Prime] announced its financial results in the afternoon session on November 14th (13:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 38.5% from the same period last year to 1.97 billion yen. Progress toward the full-year plan of 5.90 billion yen was 33.4%, also falling below the five-year average of 47.9%.

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 expand 30.9% from the same period last year, reaching 3.92 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.34 billion yen, an increase of 0.9% compared to the same period last year. However, the operating profit margin worsened from 2.7% in the same period last year to 2.3%.

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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 108,013 4,589 4,623 3,036 326.0 64.0 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 131,780 3,728 3,209 2,066 207.5 51.7 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 126,940 2,413 1,973 1,032 103.6 33.4 Nov 14, 2025 J-GAAP
YoY -3.7% -35.3% -38.5% -50.0% -50.1%

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 125,000 2,250 1,750 850 85.3 90 Aug 8, 2025 J-GAAP
Apr - Sep, 2025 Results 126,940 2,413 1,973 1,032 103.6 90 Nov 14, 2025 J-GAAP
Revision Rate +1.6% +7.2% +12.7% +21.4% +21.5%

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 126,962 3,384 3,001 1,633 163.9 95 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 143,060 4,487 3,927 2,568 257.6 95 Nov 14, 2025 J-GAAP
YoY +12.7% +32.6% +30.9% +57.3% +57.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 225,150 7,711 7,221 4,421 458.8 185 May 14, 2024 J-GAAP
Mar, 2025 258,742 7,112 6,210 3,699 371.3 185 May 14, 2025 J-GAAP
Mar, 2026 Guidance 270,000 6,900 5,900 3,600 361.1 185 Aug 8, 2025 J-GAAP
YoY +4.4% -3.0% -5.0% -2.7% -2.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 69,632 1,869 1,337 851 85.5 2.7 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 63,140 1,777 1,695 1,033 103.7 2.8 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 63,822 1,607 1,306 600 60.2 2.5 May 14, 2025 J-GAAP
Apr - Jun, 2025 59,461 881 624 202 20.3 1.5 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 67,479 1,532 1,349 830 83.3 2.3 Nov 14, 2025 J-GAAP
YoY -3.1% -18.0% +0.9% -2.5% -2.5%

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