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NAGAWA Co, First Half Ordinary Profit Increases by 4%

Mon Oct 27, 2025 1:00 pm JST Earnings

9663 NAGAWA Co .,Ltd. 【J-GAAP】

Earnings Report

NAGAWA Co .,Ltd. <9663> [TSE Prime] announced its financial results in the afternoon session on October 27th (13:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 4.3% from the previous period to 2.23 billion yen. However, Progress toward the full-year plan of 5.70 billion yen was 39.1%, also falling below the five-year average of 46.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to expand 30.2% from the same period last year, reaching 3.46 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew 13.6% from the same period last year, reaching 1.11 billion yen. The operating profit margin rose from 11.9% 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
Apr - Sep, 2023 14,944 1,792 2,016 1,313 83.5 43.4 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 16,335 1,835 2,139 1,421 90.5 44.5 Oct 28, 2024 J-GAAP
Apr - Sep, 2025 16,408 1,830 2,231 1,182 75.7 39.1 Oct 27, 2025 J-GAAP
YoY +0.4% -0.3% +4.3% -16.8% -16.4%

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 17,000 2,500 2,600 1,800 115.2 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 16,408 1,830 2,231 1,182 75.7 0 Oct 27, 2025 J-GAAP
Revision Rate -3.5% -26.8% -14.2% -34.3% -34.3%

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 18,959 2,464 2,664 2,792 177.8 60 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 21,592 3,670 3,469 2,818 180.3 100 Oct 27, 2025 J-GAAP
YoY +13.9% +48.9% +30.2% +0.9% +1.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 32,576 4,241 4,643 3,119 198.4 60 May 13, 2024 J-GAAP
Mar, 2025 35,294 4,299 4,803 4,213 268.3 60 May 15, 2025 J-GAAP
Mar, 2026 Guidance 38,000 5,500 5,700 4,000 256.0 100 Jul 28, 2025 J-GAAP
YoY +7.7% +27.9% +18.7% -5.1% -4.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 7,872 934 979 651 41.5 11.9 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 9,370 1,308 1,415 840 53.5 14.0 Jan 27, 2025 J-GAAP
Jan - Mar, 2025 9,589 1,156 1,249 1,952 124.3 12.1 May 15, 2025 J-GAAP
Apr - Jun, 2025 8,010 745 1,119 742 47.5 9.3 Jul 28, 2025 J-GAAP
Jul - Sep, 2025 8,398 1,085 1,112 440 28.2 12.9 Oct 27, 2025 J-GAAP
YoY +6.7% +16.2% +13.6% -32.4% -32.0%

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