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IZUMI, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 14%
8273 IZUMI CO.,LTD. 【J-GAAP】
Earnings ReportIZUMI CO.,LTD. <8273> [TSE Prime] announced its financial results after the market closed on October 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2026 (March to August) was 12.6 billion yen, a 1.8% increase compared to the same period last year.
However, the full-year forecast for consolidated ordinary profit has decreased 14.1%, from the previous forecast of 30.4 billion yen to 26.1 billion yen (compared to 25.7 billion yen in the previous period), leading to a reduction in the profit growth rate from 18.3% to 1.5%.
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 September to February period (second half) is expected to grow 1.3% from the same period last year, reaching 13.4 billion yen.
In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew 3.6% from the same period last year, reaching 6.55 billion yen. However, the operating profit margin worsened from 4.8% in the same period last year to 4.5%.
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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 |
|---|---|---|---|---|---|---|---|---|
| Mar - Aug, 2023 | 233,320 | 15,518 | 15,812 | 10,460 | 146.3 | 48.9 | Oct 10, 2023 | J-GAAP |
| Mar - Aug, 2024 | 238,670 | 12,074 | 12,392 | 8,211 | 114.8 | 48.2 | Oct 15, 2024 | J-GAAP |
| Mar - Aug, 2025 | 281,037 | 12,685 | 12,614 | 8,084 | 114.1 | 48.3 | Oct 14, 2025 | J-GAAP |
| YoY | +17.8% | +5.1% | +1.8% | -1.5% | -0.6% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar - Aug, 2025 Guidance | 294,200 | 15,700 | 15,500 | 9,700 | 137.3 | 45 | Apr 14, 2025 | J-GAAP |
| Mar - Aug, 2025 Results | 281,037 | 12,685 | 12,614 | 8,084 | 114.1 | 45 | Oct 14, 2025 | J-GAAP |
| Revision Rate | -4.5% | -19.2% | -18.6% | -16.7% | -17.0% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2026 Prev | 590,100 | 30,700 | 30,400 | 18,300 | 259.1 | 90 | Apr 14, 2025 | J-GAAP |
| Feb, 2026 New | 570,300 | 26,400 | 26,100 | 15,200 | 215.2 | 90 | Oct 14, 2025 | J-GAAP |
| Revision Rate | -3.4% | -14.0% | -14.1% | -16.9% | -16.9% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep - Feb, 2024 | 285,472 | 13,351 | 13,316 | 3,708 | 51.8 | 45 | Apr 14, 2025 | J-GAAP |
| Sep - Feb, 2025 Guidance | 289,263 | 13,715 | 13,486 | 7,116 | 100.8 | 45 | Oct 14, 2025 | J-GAAP |
| YoY | +1.3% | +2.7% | +1.3% | +91.9% | +94.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2024 | 471,166 | 31,425 | 32,322 | 20,485 | 286.5 | 89 | Jun 27, 2024 | J-GAAP |
| Feb, 2025 | 524,142 | 25,425 | 25,708 | 11,919 | 166.6 | 90 | Apr 14, 2025 | J-GAAP |
| Feb, 2026 Guidance | 570,300 | 26,400 | 26,100 | 15,200 | 215.2 | 90 | Oct 14, 2025 | J-GAAP |
| YoY | +8.8% | +3.8% | +1.5% | +27.5% | +29.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun - Aug, 2024 | 129,886 | 6,263 | 6,329 | 4,278 | 59.8 | 4.8 | Oct 15, 2024 | J-GAAP |
| Sep - Nov, 2024 | 134,596 | 4,931 | 4,781 | 3,647 | 51.0 | 3.7 | Jan 14, 2025 | J-GAAP |
| Dec - Feb, 2024 | 150,876 | 8,420 | 8,535 | 61 | 0.9 | 5.6 | Apr 14, 2025 | J-GAAP |
| Mar - May, 2025 | 136,538 | 6,161 | 6,056 | 4,045 | 56.9 | 4.5 | Jul 10, 2025 | J-GAAP |
| Jun - Aug, 2025 | 144,499 | 6,524 | 6,558 | 4,039 | 57.0 | 4.5 | Oct 14, 2025 | J-GAAP |
| YoY | +11.3% | +4.2% | +3.6% | -5.6% | -4.7% |
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