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Japan Process Development, First Half Ordinary Profit Unexpectedly Revised Upward by 15%

Fri Dec 26, 2025 3:30 pm JST Earnings

9651 Japan Process Development Co.,Ltd. 【J-GAAP】

Earnings Report

Japan Process Development Co.,Ltd. <9651> [TSE Std] announced its financial results after the market closed on December 26th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2026 (June to November) increased 15.1% from the same period last year, reaching 0.75 billion yen, resulting in an increase in profits compared to the previous forecast of a 4.4% decrease.

Progress toward the full-year plan of 1.28 billion yen was 58.6%, also surpassing the five-year average of 47.3%.

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 December to May period (second half) is expected to decrease 15.2% from the same period last year to 0.53 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit grew 20.2% from the same period last year, reaching 0.39 billion yen. The operating profit margin rose from 12.1% in the same period last year to 12.9%.

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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
Jun - Nov, 2023 4,541 462 476 340 35.3 47.2 Dec 28, 2023 J-GAAP
Jun - Nov, 2024 4,962 538 654 464 48.1 51.1 Dec 27, 2024 J-GAAP
Jun - Nov, 2025 5,835 739 753 558 57.6 58.6 Dec 26, 2025 J-GAAP
YoY +17.6% +37.4% +15.1% +20.3% +19.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2025 Guidance 5,585 615 625 460 47.5 33 Jul 10, 2025 J-GAAP
Jun - Nov, 2025 Results 5,835 739 753 558 57.6 33 Dec 26, 2025 J-GAAP
Revision Rate +4.5% +20.2% +20.5% +21.3% +21.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 5,511 606 627 1,014 104.8 36 Jul 10, 2025 J-GAAP
Dec - May, 2025 Guidance 5,665 521 532 387 39.9 33 Dec 26, 2025 J-GAAP
YoY +2.8% -14.0% -15.2% -61.8% -61.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 9,468 956 1,008 730 75.6 38 Jul 9, 2024 J-GAAP
May, 2025 10,473 1,144 1,281 1,478 152.8 62 Jul 10, 2025 J-GAAP
May, 2026 Guidance 11,500 1,260 1,285 945 97.5 66 Jul 10, 2025 J-GAAP
YoY +9.8% +10.1% +0.3% -36.1% -36.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 2,573 312 332 238 24.7 12.1 Dec 27, 2024 J-GAAP
Dec - Feb, 2024 2,660 317 327 778 80.4 11.9 Mar 31, 2025 J-GAAP
Mar - May, 2025 2,851 289 300 236 24.4 10.1 Jul 10, 2025 J-GAAP
Jun - Aug, 2025 2,752 341 354 262 27.1 12.4 Sep 30, 2025 J-GAAP
Sep - Nov, 2025 3,083 398 399 296 30.6 12.9 Dec 26, 2025 J-GAAP
YoY +19.8% +27.6% +20.2% +24.4% +24.1%

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