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Sanyo Electric Railway, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 2% Increase, Dividend Revised Upward by 10 Yen

Thu Nov 13, 2025 3:30 pm JST Earnings

9052 Sanyo Electric Railway Co.,Ltd. 【J-GAAP】

Earnings Report

Sanyo Electric Railway Co.,Ltd. <9052> [TSE Prime] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 27.0% from the same period last year, reaching 2.86 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 4.5%, from the previous forecast of 4.08 billion yen to 4.26 billion yen (compared to 4.18 billion yen in the previous period), turning to a 2.0% increase in the consolidated ordinary profit outlook.

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 decrease 27.3% from the same period last year to 1.40 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 40 yen to 50 yen (compared to 35 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 77.3% from the same period last year, reaching 1.45 billion yen. The operating profit margin drastically improved from 9.4% in the same period last year to 15.3%.

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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 20,604 2,795 2,859 1,992 89.7 64.0 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 18,680 2,192 2,255 1,594 71.8 53.9 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 19,117 2,801 2,864 2,743 123.5 67.1 Nov 13, 2025 J-GAAP
YoY +2.3% +27.8% +27.0% +72.1% +72.0%

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 ー ー ー ー － 20 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 19,117 2,801 2,864 2,743 123.5 25 Nov 13, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 39,947 4,093 4,085 3,557 160.1 40 Aug 7, 2025 J-GAAP
Mar, 2026 New 40,026 4,194 4,268 3,686 165.9 50 Nov 13, 2025 J-GAAP
Revision Rate +0.2% +2.5% +4.5% +3.6% +3.6%

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 19,809 1,873 1,930 1,437 64.7 20 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 20,909 1,393 1,404 943 42.4 25 Nov 13, 2025 J-GAAP
YoY +5.6% -25.6% -27.3% -34.4% -34.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 39,220 4,326 4,469 3,110 140.0 30 May 14, 2024 J-GAAP
Mar, 2025 38,489 4,065 4,185 3,031 136.4 35 May 15, 2025 J-GAAP
Mar, 2026 Guidance 40,026 4,194 4,268 3,686 165.9 50 Nov 13, 2025 J-GAAP
YoY +4.0% +3.2% +2.0% +21.6% +21.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 9,306 879 820 598 26.9 9.4 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 9,679 1,172 1,260 900 40.5 12.1 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 10,130 701 670 537 24.2 6.9 May 15, 2025 J-GAAP
Apr - Jun, 2025 9,514 1,335 1,410 1,726 77.7 14.0 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 9,603 1,466 1,454 1,017 45.8 15.3 Nov 13, 2025 J-GAAP
YoY +3.2% +66.8% +77.3% +70.1% +70.0%

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