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INNOTECH, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 8%
9880 INNOTECH CORPORATION 【J-GAAP】
Earnings ReportINNOTECH CORPORATION <9880> [TSE Prime] announced its financial results after the market closed on November 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 0.75 billion yen, a 0.3% increase compared to the same period last year.
However, the full-year forecast for consolidated ordinary profit has decreased 7.7%, from the previous forecast of 2.60 billion yen to 2.40 billion yen (compared to 1.75 billion yen in the previous period), leading to a reduction in the profit growth rate from 48.2% to 36.8%. However, the full-year forecast for consolidated net income has been revised upward 5.9%, from the previous forecast of 1.70 billion yen to 1.80 billion yen (compared to 1.20 billion yen in the previous period), increasing the growth rate from 41.7% to 50.0%.
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 expand 64.1% from the same period last year, reaching 1.64 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 20 times that of the same period last year, reaching 0.34 billion yen. The operating profit margin significantly improved from 4.4% in the same period last year to 7.4%.
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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 |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 19,471 | 854 | 1,206 | 833 | 62.8 | 41.9 | Nov 9, 2023 | J-GAAP |
| Apr - Sep, 2024 | 20,808 | 898 | 750 | 459 | 34.1 | 42.8 | Nov 8, 2024 | J-GAAP |
| Apr - Sep, 2025 | 21,601 | 1,137 | 752 | 574 | 43.8 | 31.3 | Nov 10, 2025 | J-GAAP |
| YoY | +3.8% | +26.6% | +0.3% | +25.1% | +28.3% |
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 | - | 35 | May 13, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 21,601 | 1,137 | 752 | 574 | 43.8 | 35 | Nov 10, 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 | 43,500 | 2,600 | 2,600 | 1,700 | 132.5 | 70 | May 13, 2025 | J-GAAP |
| Mar, 2026 New | 45,500 | 2,750 | 2,400 | 1,800 | 140.3 | 70 | Nov 10, 2025 | J-GAAP |
| Revision Rate | +4.6% | +5.8% | -7.7% | +5.9% | +5.9% |
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 | 21,169 | 989 | 1,004 | 741 | 55.3 | 35 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 23,899 | 1,613 | 1,648 | 1,226 | 95.6 | 35 | Nov 10, 2025 | J-GAAP |
| YoY | +12.9% | +63.1% | +64.1% | +65.5% | +72.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 41,358 | 2,474 | 2,880 | 1,477 | 110.6 | 70 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 41,977 | 1,887 | 1,754 | 1,200 | 89.5 | 70 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 45,500 | 2,750 | 2,400 | 1,800 | 140.3 | 70 | Nov 10, 2025 | J-GAAP |
| YoY | +8.4% | +45.7% | +36.8% | +50.0% | +56.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 10,590 | 464 | 17 | 25 | 1.9 | 4.4 | Nov 8, 2024 | J-GAAP |
| Oct - Dec, 2024 | 9,114 | 267 | 530 | 536 | 39.9 | 2.9 | Feb 10, 2025 | J-GAAP |
| Jan - Mar, 2025 | 12,055 | 722 | 474 | 205 | 15.3 | 6.0 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 9,457 | 234 | 407 | 185 | 14.2 | 2.5 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 12,144 | 903 | 345 | 389 | 29.7 | 7.4 | Nov 10, 2025 | J-GAAP |
| YoY | +14.7% | +94.6% | +1,929.4% | +1,456.0% | +1,495.7% |
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