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KAWASE COMPUTER SUPPLIES, First Half Ordinary Profit Decreases by 9%, Exceeds Full-Year Plan

Thu Nov 13, 2025 4:00 pm JST Earnings

7851 KAWASE COMPUTER SUPPLIES CO., LTD. 【J-GAAP】

Earnings Report

KAWASE COMPUTER SUPPLIES CO., LTD. <7851> [TSE Std] announced its financial results after the market closed on November 13th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 9.5% from the same period last year to 67 million yen. However, Progress toward the full-year plan of 40 million yen is 167.5%, already exceeding the target and also exceeding the five-year average of 77.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 27 million yen (compared to a profit of 35 million yen in the same period last year).

At the same time, the company has decided not to pay the first-half dividend, which had previously been undecided.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased 66.7% from the same period last year, reaching 15 million yen. The operating profit margin improved from 0.0% in the same period last year to 1.0%.

Kabutan News

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 1,366 6 12 8 1.7 ー Nov 13, 2023 J-GAAP
Apr - Sep, 2024 1,418 54 74 69 15.1 67.9 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 1,441 52 67 62 13.5 167.5 Nov 13, 2025 J-GAAP
YoY +1.6% -3.7% -9.5% -10.1% -10.2%

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 1,350 9 29 19 4.1 － May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 1,441 52 67 62 13.5 0 Nov 13, 2025 J-GAAP
Revision Rate +6.7% +477.8% +131.0% +226.3% +234.1%

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 1,413 25 35 31 6.7 5 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,309 -32 -27 -32 -6.8 － Nov 13, 2025 J-GAAP
YoY -7.4% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,593 -27 -15 -112 -24.2 3 May 14, 2024 J-GAAP
Mar, 2025 2,831 79 109 100 21.4 5 May 14, 2025 J-GAAP
Mar, 2026 Guidance 2,750 20 40 30 6.4 － May 14, 2025 J-GAAP
YoY -2.9% -74.7% -63.3% -70.0% -70.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 710 0 9 7 1.5 0.0 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 688 21 25 23 5.0 3.1 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 725 4 10 8 1.7 0.6 May 14, 2025 J-GAAP
Apr - Jun, 2025 761 45 52 50 11.0 5.9 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 680 7 15 12 2.6 1.0 Nov 13, 2025 J-GAAP
YoY -4.2% － +66.7% +71.4% +71.2%

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