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NARASAKI SANGYO, Jul-Sep (2Q) Ordinary Profit Increases by 74%
8085 NARASAKI SANGYO CO.,LTD. 【J-GAAP】
Earnings ReportNARASAKI SANGYO CO.,LTD. <8085> [TSE Std] announced its financial results in the afternoon session on November 11th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 1.02 billion yen, a 0.1% increase compared to the same period last year. However, Progress toward the full-year plan of 3.50 billion yen was 29.3%, also falling below the five-year average of 35.9%.
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 grow 17.5% from the same period last year, reaching 2.47 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 74.3% from the same period last year, reaching 0.94 billion yen. The operating profit margin improved from 2.2% in the same period last year to 3.2%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 48,224 | 1,215 | 1,271 | 838 | 167.3 | 41.2 | Nov 7, 2023 | J-GAAP |
| Apr - Sep, 2024 | 49,396 | 970 | 1,025 | 657 | 130.2 | 32.7 | Nov 12, 2024 | J-GAAP |
| Apr - Sep, 2025 | 53,472 | 922 | 1,026 | 643 | 126.3 | 29.3 | Nov 11, 2025 | J-GAAP |
| YoY | +8.3% | -4.9% | +0.1% | -2.1% | -3.0% |
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 | 52,000 | 1,200 | 1,200 | 800 | 156.4 | 0 | May 13, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 53,472 | 922 | 1,026 | 643 | 126.3 | 0 | Nov 11, 2025 | J-GAAP |
| Revision Rate | +2.8% | -23.2% | -14.5% | -19.6% | -19.2% |
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 | 63,116 | 2,092 | 2,106 | 1,584 | 313.2 | 120 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 64,528 | 2,578 | 2,474 | 1,857 | 362.4 | 130 | Nov 11, 2025 | J-GAAP |
| YoY | +2.2% | +23.2% | +17.5% | +17.2% | +15.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 107,455 | 2,982 | 3,084 | 2,301 | 458.0 | 105 | May 8, 2024 | J-GAAP |
| Mar, 2025 | 112,512 | 3,062 | 3,131 | 2,241 | 443.1 | 120 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 118,000 | 3,500 | 3,500 | 2,500 | 487.9 | 130 | May 13, 2025 | J-GAAP |
| YoY | +4.9% | +14.3% | +11.8% | +11.6% | +10.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 25,428 | 548 | 544 | 330 | 65.4 | 2.2 | Nov 12, 2024 | J-GAAP |
| Oct - Dec, 2024 | 29,746 | 703 | 751 | 515 | 101.9 | 2.4 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 33,370 | 1,389 | 1,355 | 1,069 | 211.3 | 4.2 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 24,368 | -6 | 78 | 19 | 3.9 | 0.0 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 29,104 | 928 | 948 | 624 | 122.6 | 3.2 | Nov 11, 2025 | J-GAAP |
| YoY | +14.5% | +69.3% | +74.3% | +89.1% | +87.4% |
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