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SANSHIN ELECTRONICS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 17%, Dividend Revised Upward by 10 Yen

Thu Nov 6, 2025 3:30 pm JST Earnings

8150 SANSHIN ELECTRONICS CO., LTD. 【J-GAAP】

Earnings Report

SANSHIN ELECTRONICS CO., LTD. <8150> [TSE Prime] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 2.91 billion yen, an increase 51.8% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 16.7%, from the previous forecast of 4.20 billion yen to 4.90 billion yen (compared to 4.93 billion yen in the previous period), and the declining rate is expected to decrease from 14.9% to 0.7%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 34.2% from the same period last year to 1.98 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 140 yen to 150 yen (compared to 135 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.1 times that of the same period last year, reaching 2.20 billion yen. The operating profit margin improved from 2.4% in the same period last year to 4.9%.

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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 74,311 2,837 1,877 1,291 105.9 48.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 75,153 2,227 1,923 1,357 111.2 39.0 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 87,781 3,269 2,919 2,526 206.6 59.6 Nov 6, 2025 J-GAAP
YoY +16.8% +46.8% +51.8% +86.1% +85.8%

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 87,700 3,200 2,900 2,500 204.4 40 Oct 27, 2025 J-GAAP
Apr - Sep, 2025 Results 87,781 3,269 2,919 2,526 206.6 40 Nov 6, 2025 J-GAAP
Revision Rate +0.1% +2.2% +0.7% +1.0% +1.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 164,000 4,800 4,200 3,650 298.1 140 May 13, 2025 J-GAAP
Mar, 2026 New 164,000 5,500 4,900 3,900 318.6 150 Nov 6, 2025 J-GAAP
Revision Rate 0.0% +14.6% +16.7% +6.8% +6.8%

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 82,189 3,564 3,011 2,165 177.2 105 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 76,219 2,231 1,981 1,374 112.2 110 Nov 6, 2025 J-GAAP
YoY -7.3% -37.4% -34.2% -36.5% -36.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 140,197 5,748 3,908 2,740 224.7 105 May 10, 2024 J-GAAP
Mar, 2025 157,342 5,791 4,934 3,522 288.2 135 May 13, 2025 J-GAAP
Mar, 2026 Guidance 164,000 5,500 4,900 3,900 318.6 150 Nov 6, 2025 J-GAAP
YoY +4.2% -5.0% -0.7% +10.7% +10.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 40,196 972 1,049 827 67.7 2.4 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 39,875 1,712 1,366 1,009 82.6 4.3 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 42,314 1,852 1,645 1,156 94.6 4.4 May 13, 2025 J-GAAP
Apr - Jun, 2025 40,394 936 715 920 75.2 2.3 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 47,387 2,333 2,204 1,606 131.3 4.9 Nov 6, 2025 J-GAAP
YoY +17.9% +140.0% +110.1% +94.2% +93.9%

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