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MAKIYA, Jul-Sep (2Q) Ordinary Profit Decreases by 22%

Tue Nov 11, 2025 3:00 pm JST Earnings

9890 MAKIYA CO., LTD. 【J-GAAP】

Earnings Report

MAKIYA CO., LTD. <9890> [TSE Std] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 6.1% from the same period last year, reaching 1.04 billion yen, resulting in an increase in profits compared to the previous forecast of a 1.0% decrease.

However, Progress toward the full-year plan of 2.42 billion yen was 43.0%, also falling below the five-year average of 47.5%.

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 nearly flat at 1.38 billion yen, down 0.4% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 0.40 billion yen, a 22.3% decrease compared to the same period last year. The operating profit margin worsened from 2.2% in the same period last year to 1.7%.

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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 37,394 987 1,058 716 71.8 44.2 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 43,501 930 980 640 64.1 41.4 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 45,853 986 1,040 689 69.0 43.0 Nov 11, 2025 J-GAAP
YoY +5.4% +6.0% +6.1% +7.7% +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 46,314 930 970 633 63.3 15 Aug 12, 2025 J-GAAP
Apr - Sep, 2025 Results 45,853 986 1,040 689 69.0 15 Nov 11, 2025 J-GAAP
Revision Rate -1.0% +6.0% +7.2% +8.8% +9.0%

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 45,319 1,336 1,386 857 85.8 12.50 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 48,574 1,344 1,380 831 83.1 15 Nov 11, 2025 J-GAAP
YoY +7.2% +0.6% -0.4% -3.0% -3.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 76,711 2,227 2,396 1,454 145.7 20 May 14, 2024 J-GAAP
Mar, 2025 88,820 2,266 2,366 1,497 149.9 25 May 13, 2025 J-GAAP
Mar, 2026 Guidance 94,427 2,330 2,420 1,520 151.9 30 Aug 12, 2025 J-GAAP
YoY +6.3% +2.8% +2.3% +1.5% +1.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 22,370 491 516 300 30.1 2.2 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 23,080 880 917 613 61.4 3.8 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 22,239 456 469 244 24.4 2.1 May 13, 2025 J-GAAP
Apr - Jun, 2025 23,007 603 639 441 44.2 2.6 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 22,846 383 401 248 24.8 1.7 Nov 11, 2025 J-GAAP
YoY +2.1% -22.0% -22.3% -17.3% -17.4%

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