ASAKUMA CO.,LTD.

Asakuma <7678> announced after the market close on September 9 that its recurring profit (non-consolidated) for the second quarter cumulative period (February-July) of the fiscal year ending January 2027 was 172 million yen, down 5.0% year on year, swinging to a decline from its previous forecast of a 5.0% increase. The progress rate against the full-year plan of 670 million yen was only 25.7%, also below the two-year average of 44.1%. Based on the company's announced first-half results and the unchanged full-year plan, our estimates show that recurring profit for the August-January period (second half) would expand by 44.3% year on year to 498 million yen. In the latest three months, May-July (second quarter), recurring profit increased 4.3% year on year to 73 million yen, but the operating margin on sales deteriorated from 2.9% in the same period last year to 2.4%.