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WORKMAN, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 8%, Highest in Four Terms

Mon Nov 10, 2025 3:30 pm JST Earnings

7564 WORKMAN CO.,LTD. 【J-GAAP】

Earnings Report

WORKMAN CO.,LTD. <7564> [TSE Std] announced its financial results after the market closed on November 10th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 22.1% from the same period last year, reaching 14.8 billion yen.

In addition, the full-year forecast for ordinary profit has been revised upward 8.4%, from the previous forecast of 26.7 billion yen to 29.0 billion yen (compared to 24.9 billion yen in the previous period), increasing the growth rate from 7.5% to 16.4%, reaches new record high for the first time in four terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow 11.0% from the same period last year, reaching 14.1 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew 13.0% from the same period last year, reaching 5.63 billion yen. However, the operating profit margin decreased from 17.0% in the same period last year to 15.7%.

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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 65,580 11,991 12,260 7,605 93.2 51.8 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 65,795 11,927 12,179 7,530 92.3 48.9 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 76,137 14,444 14,874 9,227 113.1 51.3 Nov 10, 2025 J-GAAP
YoY +15.7% +21.1% +22.1% +22.5% +22.5%

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 70,262 12,903 13,288 8,212 100.6 0 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 76,137 14,444 14,874 9,227 113.1 0 Nov 10, 2025 J-GAAP
Revision Rate +8.4% +11.9% +11.9% +12.4% +12.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 147,152 26,005 26,760 18,100 221.8 73 May 12, 2025 J-GAAP
Mar, 2026 New 155,000 28,200 29,000 19,700 241.4 73 Nov 10, 2025 J-GAAP
Revision Rate +5.3% +8.4% +8.4% +8.8% +8.8%

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 71,138 12,467 12,725 9,362 114.7 73 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 78,863 13,756 14,126 10,473 128.3 73 Nov 10, 2025 J-GAAP
YoY +10.9% +10.3% +11.0% +11.9% +11.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 132,651 23,142 23,666 15,986 195.9 68 May 7, 2024 J-GAAP
Mar, 2025 136,933 24,394 24,904 16,892 207.0 73 May 12, 2025 J-GAAP
Mar, 2026 Guidance 155,000 28,200 29,000 19,700 241.4 73 Nov 10, 2025 J-GAAP
YoY +13.2% +15.6% +16.4% +16.6% +16.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 28,746 4,893 4,990 3,020 37.0 17.0 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 41,810 8,747 8,858 5,488 67.3 20.9 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 29,328 3,720 3,867 3,874 47.5 12.7 May 12, 2025 J-GAAP
Apr - Jun, 2025 41,560 9,028 9,235 5,817 71.3 21.7 Aug 4, 2025 J-GAAP
Jul - Sep, 2025 34,577 5,416 5,639 3,410 41.8 15.7 Nov 10, 2025 J-GAAP
YoY +20.3% +10.7% +13.0% +12.9% +12.9%

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