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Sangetsu, First Half Ordinary Profit Increases by 12%, Jul-Sep Ordinary Profit Increases by 16%
8130 Sangetsu Corporation 【J-GAAP】
Earnings ReportSangetsu Corporation <8130> [TSE Prime] announced its financial results in the afternoon session on November 7th (14:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 12.1% from the same period last year, reaching 8.52 billion yen. However, Progress toward the full-year plan of 19.5 billion yen was 43.7%, almost the same as the five-year average of 42.5%.
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 nearly flat at 10.9 billion yen, down 0.2% from the same period last year.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 15.9% from the same period last year, reaching 4.45 billion yen. The operating profit margin improved from 7.9% in the same period last year to 8.5%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 90,612 | 10,259 | 10,456 | 7,121 | 121.3 | 53.1 | Nov 10, 2023 | J-GAAP |
| Apr - Sep, 2024 | 93,878 | 7,379 | 7,607 | 4,995 | 85.0 | 40.9 | Nov 8, 2024 | J-GAAP |
| Apr - Sep, 2025 | 98,892 | 8,185 | 8,526 | 6,313 | 107.4 | 43.7 | Nov 7, 2025 | J-GAAP |
| YoY | +5.3% | +10.9% | +12.1% | +26.4% | +26.3% |
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 | 99,000 | 7,400 | 7,650 | 5,100 | 86.8 | 77.50 | May 14, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 98,892 | 8,185 | 8,526 | 6,313 | 107.4 | 77.50 | Nov 7, 2025 | J-GAAP |
| Revision Rate | -0.1% | +10.6% | +11.5% | +23.8% | +23.8% |
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 | 106,500 | 10,795 | 10,999 | 7,572 | 128.9 | 75 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 111,108 | 10,815 | 10,974 | 6,687 | 113.7 | 77.50 | Nov 7, 2025 | J-GAAP |
| YoY | +4.3% | +0.2% | -0.2% | -11.7% | -11.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 189,859 | 19,103 | 19,695 | 14,291 | 243.4 | 140 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 200,378 | 18,174 | 18,606 | 12,567 | 213.9 | 150 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 210,000 | 19,000 | 19,500 | 13,000 | 221.1 | 155 | May 14, 2025 | J-GAAP |
| YoY | +4.8% | +4.5% | +4.8% | +3.4% | +3.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 47,161 | 3,714 | 3,847 | 2,556 | 43.5 | 7.9 | Nov 8, 2024 | J-GAAP |
| Oct - Dec, 2024 | 53,421 | 5,267 | 5,375 | 3,807 | 64.8 | 9.9 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 53,079 | 5,528 | 5,624 | 3,765 | 64.1 | 10.4 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 49,388 | 3,979 | 4,068 | 2,780 | 47.3 | 8.1 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 49,504 | 4,206 | 4,458 | 3,533 | 60.1 | 8.5 | Nov 7, 2025 | J-GAAP |
| YoY | +5.0% | +13.2% | +15.9% | +38.2% | +38.1% |
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