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INABA DENKISANGYO, Jul-Sep (2Q) Ordinary Profit Increases by 37%, Revises Dividend Forecast in Conjunction with Stock Split

Fri Oct 31, 2025 11:30 am JST Earnings

9934 INABA DENKISANGYO CO.,LTD. 【J-GAAP】

Earnings Report

INABA DENKISANGYO CO.,LTD. <9934> [TSE Prime] announced its financial results at noon (11:30) on October 31st. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 22.4% from the same period last year, reaching 15.2 billion yen. Progress toward the full-year plan of 27.4 billion yen was 55.5%, also surpassing the five-year average of 48.3%.

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 October to March period (second half) is expected to decrease 14.6% from the same period last year to 12.1 billion yen.

At the same time, due to a planned 2-for-1 forward stock split is scheduled for November 30, the annual dividend for the current fiscal year has been revised from the original plan of 140 yen to 105 yen (equivalent to 140 yen before the forward stock split), but the actual dividend remains unchanged.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 36.5% from the same period last year, reaching 8.57 billion yen. The operating profit margin improved from 6.6% in the same period last year to 8.0%.

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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 158,787 9,799 10,679 7,484 67.0 47.3 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 179,729 11,826 12,417 8,438 75.2 46.5 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 192,246 14,053 15,201 10,622 94.4 55.5 Oct 31, 2025 J-GAAP
YoY +7.0% +18.8% +22.4% +25.9% +25.6%

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 15, 2025 J-GAAP
Apr - Sep, 2025 Results 192,246 14,053 15,201 10,622 94.4 35 Oct 31, 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 392,000 26,700 27,400 19,400 173.3 70 May 15, 2025 J-GAAP
Mar, 2026 New 392,000 26,700 27,400 19,400 173.3 70 Oct 31, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 204,283 13,730 14,281 10,345 91.9 40 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 199,754 12,647 12,199 8,778 78.4 35 Oct 31, 2025 J-GAAP
YoY -2.2% -7.9% -14.6% -15.1% -14.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 345,369 21,322 22,589 15,623 139.7 65 May 13, 2024 J-GAAP
Mar, 2025 384,012 25,556 26,698 18,783 166.9 70 May 15, 2025 J-GAAP
Mar, 2026 Guidance 392,000 26,700 27,400 19,400 173.3 70 Oct 31, 2025 J-GAAP
YoY +2.1% +4.5% +2.6% +3.3% +3.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 97,616 6,400 6,284 4,171 37.2 6.6 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 93,033 5,511 6,089 4,257 37.9 5.9 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 111,250 8,219 8,192 6,088 54.1 7.4 May 15, 2025 J-GAAP
Apr - Jun, 2025 87,501 5,679 6,622 4,713 42.0 6.5 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 104,745 8,374 8,579 5,909 52.5 8.0 Oct 31, 2025 J-GAAP
YoY +7.3% +30.8% +36.5% +41.7% +41.4%

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