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TSUCHIYA HOLDINGS, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 97% Decrease

Fri Sep 12, 2025 3:30 pm JST Earnings

1840 TSUCHIYA HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

TSUCHIYA HOLDINGS CO., LTD. <1840> [TSE Std] announced its financial results after the market closed on September 12th (15:30). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending October 2025 (November 2024 to July 2025) expanded to a loss of 1295 million yen (compared to a loss of 1103 million yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit has decreased 99.1%, from the previous forecast of 580 million yen to 5 million yen (compared to 186 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 97.3% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the May to October period (second half) has decreased 41.3%, from the previous forecast of 1393 million yen to 818 million yen (compared to 1196 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 31.6% decrease in profit.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary loss expanded to a loss of 482 million yen (compared to a loss of 93 million yen in the same period last year). The operating profit/loss margin drastically worsened from -1.3% in the same period last year to -8.5%.

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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
Nov - Jul, 2022 20,673 -917 -883 -682 -27.3 ー Sep 14, 2023 J-GAAP
Nov - Jul, 2023 21,037 -1,139 -1,103 -852 -34.1 ー Sep 13, 2024 J-GAAP
Nov - Jul, 2024 18,430 -1,317 -1,295 -1,043 -41.1 ー Sep 12, 2025 J-GAAP
YoY -12.4% -15.6% -17.4% -22.4% -20.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2025 Prev 22,356 1,403 1,393 1,177 45.7 10 Jun 13, 2025 J-GAAP
May - Oct, 2025 New 19,356 828 818 702 26.7 10 Sep 12, 2025 J-GAAP
Revision Rate -13.4% -41.0% -41.3% -40.4% -41.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2025 Prev 35,000 580 580 480 18.6 10 Dec 13, 2024 J-GAAP
Oct, 2025 New 32,000 5 5 5 0.2 10 Sep 12, 2025 J-GAAP
Revision Rate -8.6% -99.1% -99.1% -99.0% -99.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 20,017 1,193 1,196 1,525 61.0 10 Dec 13, 2024 J-GAAP
May - Oct, 2025 Guidance 19,356 828 818 702 26.7 10 Sep 12, 2025 J-GAAP
YoY -3.3% -30.6% -31.6% -54.0% -56.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 34,403 393 428 233 9.3 6 Dec 15, 2023 J-GAAP
Oct, 2024 33,278 152 186 758 30.3 10 Dec 13, 2024 J-GAAP
Oct, 2025 Guidance 32,000 5 5 5 0.2 10 Sep 12, 2025 J-GAAP
YoY -3.8% -96.7% -97.3% -99.3% -99.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2024 7,776 -98 -93 -85 -3.4 -1.3 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 12,241 1,291 1,289 1,610 64.4 10.5 Dec 13, 2024 J-GAAP
Nov - Jan, 2024 5,006 -588 -576 -463 -18.6 -11.7 Mar 14, 2025 J-GAAP
Feb - Apr, 2025 7,638 -235 -237 -234 -9.3 -3.1 Jun 13, 2025 J-GAAP
May - Jul, 2025 5,786 -494 -482 -346 -13.6 -8.5 Sep 12, 2025 J-GAAP
YoY -25.6% -404.1% -418.3% -307.1% -300.9%

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