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Happiness and D, Net Income Forecast for the Fiscal Year Loss Widened in Downward Revision, 63% Deficit Against Net Assets

Tue Jul 15, 2025 3:40 pm JST Earnings

3174 Happiness and D Co.,Ltd. 【J-GAAP】

Earnings Report

Happiness and D Co.,Ltd. <3174> [TSE Std] announced its financial results after the market closed on July 15th (15:40). The consolidated net loss for the cumulative third quarter of the fiscal year ending August 2025 (September 2024 to May 2025) expanded to a loss of 434 million yen (compared to a loss of 157 million yen in the same period last year).

In addition, the full-year forecast for consolidated net income/loss has been revised downward from an expected loss of 548 million yen to a loss of 639 million yen (compared to a loss of 459 million yen in the previous period), indicating an expansion in the loss margin The deficit amounted to a 63.0% impairment of net assets at the end of the previous fiscal year..

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the March to August period (second half) has been revised downward from an expected loss of 343 million yen to a loss of 434 million yen (compared to a loss of 440 million yen in the same period of the previous year), indicating an expansion in the loss margin.

At the same time, the annual dividend remains undecided.

In the most recent three-month period, from March to May (3Q), the consolidated net loss expanded to a loss of 229 million yen (compared to a loss of 138 million yen in the same period last year). The operating profit/loss margin drastically worsened from -4.2% in the same period last year to -8.4%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Sep - May, 2022 9,849 -101 -121 -179 -71.0 ー Jul 12, 2023 J-GAAP
Sep - May, 2023 8,384 -58 -77 -157 -62.0 ー Jul 12, 2024 J-GAAP
Sep - May, 2024 6,707 -247 -270 -434 -170.5 ー Jul 15, 2025 J-GAAP
YoY -20.0% -325.9% -250.6% -176.4% -175.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 Prev 3,977 -265 -286 -343 -134.6 － Apr 14, 2025 J-GAAP
Mar - Aug, 2025 New 3,846 -357 -372 -434 -170.3 － Jul 15, 2025 J-GAAP
Revision Rate -3.3% -34.7% -30.1% -26.5% -26.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2025 Prev 8,703 -346 -383 -548 -215.0 － Apr 14, 2025 J-GAAP
Aug, 2025 New 8,572 -438 -469 -639 -250.7 － Jul 15, 2025 J-GAAP
Revision Rate -1.5% -26.6% -22.5% -16.6% -16.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 4,806 -202 -216 -440 -172.9 7.50 Oct 15, 2024 J-GAAP
Mar - Aug, 2025 Guidance 3,846 -357 -372 -434 -170.3 － Jul 15, 2025 J-GAAP
YoY -20.0% -76.7% -72.2% +1.4% +1.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2023 12,742 -216 -243 -668 -263.4 15 Oct 12, 2023 J-GAAP
Aug, 2024 10,780 -158 -186 -459 -180.4 15 Oct 15, 2024 J-GAAP
Aug, 2025 Guidance 8,572 -438 -469 -639 -250.7 － Jul 15, 2025 J-GAAP
YoY -20.5% -177.2% -152.2% -39.2% -39.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Mar - May, 2024 2,410 -102 -107 -138 -54.5 -4.2 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,396 -100 -109 -302 -118.7 -4.2 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 1,957 -142 -150 -153 -60.5 -7.3 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 2,769 61 53 -52 -20.5 2.2 Apr 14, 2025 J-GAAP
Mar - May, 2025 1,981 -166 -173 -229 -90.0 -8.4 Jul 15, 2025 J-GAAP
YoY -17.8% -62.7% -61.7% -65.9% -65.1%

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