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Belc , Jun-Aug (2Q) Ordinary Profit Decreases by 6%

Fri Oct 10, 2025 2:00 pm JST Earnings

9974 Belc CO., LTD. 【J-GAAP】

Earnings Report

Belc CO., LTD. <9974> [TSE Prime] announced its financial results in the afternoon session on October 10th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2026 (March to August) was 9.01 billion yen, a 2.4% decrease compared to the same period last year. Progress toward the full-year plan of 18.2 billion yen was 49.4%, also falling below the five-year average of 57.6%.

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 September to February period (second half) is expected to grow 13.5% from the same period last year, reaching 9.24 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 5.02 billion yen, a 6.1% decrease compared to the same period last year. The operating profit margin worsened from 5.5% in the same period last year to 4.7%.

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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
Mar - Aug, 2023 170,026 9,248 9,542 6,859 329.1 63.7 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 189,658 9,035 9,241 6,170 296.0 53.1 Oct 10, 2024 J-GAAP
Mar - Aug, 2025 211,011 8,884 9,019 6,144 294.9 49.4 Oct 10, 2025 J-GAAP
YoY +11.3% -1.7% -2.4% -0.4% -0.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 Guidance ー ー ー ー － 62 Apr 10, 2025 J-GAAP
Mar - Aug, 2025 Results 211,011 8,884 9,019 6,144 294.9 62 Oct 10, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 198,121 7,976 8,147 6,215 298.2 62 Apr 10, 2025 J-GAAP
Sep - Feb, 2025 Guidance 203,161 9,207 9,244 6,301 302.5 62 Oct 10, 2025 J-GAAP
YoY +2.5% +15.4% +13.5% +1.4% +1.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 351,856 14,495 14,972 10,677 512.3 108 Apr 11, 2024 J-GAAP
Feb, 2025 387,779 17,011 17,388 12,385 594.2 120 Apr 10, 2025 J-GAAP
Feb, 2026 Guidance 414,172 18,091 18,263 12,445 597.4 124 Apr 10, 2025 J-GAAP
YoY +6.8% +6.3% +5.0% +0.5% +0.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 96,202 5,304 5,357 3,557 170.7 5.5 Oct 10, 2024 J-GAAP
Sep - Nov, 2024 96,156 3,595 3,658 2,454 117.7 3.7 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 101,965 4,381 4,489 3,761 180.4 4.3 Apr 10, 2025 J-GAAP
Mar - May, 2025 103,712 3,885 3,991 2,730 131.0 3.7 Jul 10, 2025 J-GAAP
Jun - Aug, 2025 107,299 4,999 5,028 3,414 163.9 4.7 Oct 10, 2025 J-GAAP
YoY +11.5% -5.8% -6.1% -4.0% -4.0%

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