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T&D Holdings, First Half Ordinary Profit Increases by 6%

Fri Nov 14, 2025 2:00 pm JST Earnings

8795 T&D Holdings, Inc. 【J-GAAP】

Earnings Report

T&D Holdings, Inc. <8795> [TSE Prime] announced its financial results in the afternoon session on November 14th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 5.8% from the same period last year, reaching 109 billion yen. However, Progress toward the full-year plan of 223 billion yen was 49.2%, also falling below the five-year average of 75.0%.

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 19.4% from the same period last year, reaching 113 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 7.4% from the same period last year, reaching 51.1 billion yen.

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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 1,500,020 ー 70,778 43,041 79.0 44.3 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 1,658,990 ー 103,842 65,381 124.0 52.3 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 1,718,686 ー 109,820 67,337 133.3 49.2 Nov 14, 2025 J-GAAP
YoY +3.6% － +5.8% +3.0% +7.5%

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 ー ー ー ー － 62 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 1,718,686 ー 109,820 67,337 133.3 62 Nov 14, 2025 J-GAAP
Revision Rate － － － － －

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 2,071,489 ー 94,753 61,030 116.7 40 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,291,314 ー 113,180 50,663 104.2 62 Nov 14, 2025 J-GAAP
YoY -37.7% － +19.4% -17.0% -10.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 3,207,991 ー 159,809 98,777 183.1 70 May 15, 2024 J-GAAP
Mar, 2025 3,730,479 ー 198,595 126,411 241.7 80 May 15, 2025 J-GAAP
Mar, 2026 Guidance 3,010,000 ー 223,000 118,000 242.8 124 May 15, 2025 J-GAAP
YoY -19.3% － +12.3% -6.7% +0.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 706,036 ー 47,618 31,206 59.2 0.0 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 870,853 ー 73,961 53,759 102.4 0.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 1,200,636 ー 20,792 7,271 13.9 0.0 May 15, 2025 J-GAAP
Apr - Jun, 2025 891,661 ー 58,686 37,329 73.4 0.0 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 827,025 ー 51,134 30,008 59.4 0.0 Nov 14, 2025 J-GAAP
YoY +17.1% － +7.4% -3.8% +0.4%

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