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PICKLES HOLDINGS, First Half Ordinary Profit Increases by 39%, Jun-Aug Ordinary Profit Increases by 52%

Tue Sep 30, 2025 3:50 pm JST Earnings

2935 PICKLES HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

PICKLES HOLDINGS CO.,LTD. <2935> [TSE Prime] announced its financial results after the market closed on September 30th (15:50). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2026 (March to August) expanded 1.62 billion yen, an increase 38.6% compared to the same period last year. Progress toward the full-year plan of 2.15 billion yen was 75.5%, almost the same as the five-year average of 75.8%.

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 surge 3.0 times that of the same period last year, reaching 0.52 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit increased 51.9% from the same period last year, reaching 0.98 billion yen. The operating profit margin improved from 5.6% in the same period last year to 8.4%.

Kabutan News

Actual Performance and Financial Trends

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
23,111M 1,280M 1,355M 915M 73.3 76.5 Sep 29, 2023 J-GAAP
Mar - Aug, 2024
21,694M 1,117M 1,171M 798M 64.2 87.1 Sep 30, 2024 J-GAAP
Mar - Aug, 2025
22,321M 1,569M 1,623M 1,102M 88.3 75.5 Sep 30, 2025 J-GAAP
YoY +2.9% +40.5% +38.6% +38.1% +37.6%
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 22,321M 1,569M 1,623M 1,102M 88.0 15 Sep 22, 2025 J-GAAP
Mar - Aug, 2025 Results 22,321M 1,569M 1,623M 1,102M 88.3 15 Sep 30, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.4%

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
19,824M 162M 174M 160M 12.9 14 Apr 14, 2025 J-GAAP
Guidance
Sep - Feb, 2025
19,379M 511M 527M 338M 27.0 14 Sep 22, 2025 J-GAAP
YoY -2.2% +215.4% +202.9% +111.3% +109.5%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Feb, 2024
43,028M 1,668M 1,771M 1,175M 94.3 24 Apr 12, 2024 J-GAAP
Feb, 2025
41,518M 1,279M 1,345M 958M 77.1 26 Apr 14, 2025 J-GAAP
Guidance
Feb, 2026
41,700M 2,080M 2,150M 1,440M 114.9 29 Sep 22, 2025 J-GAAP
YoY +0.4% +62.6% +59.9% +50.3% +49.1%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Jun - Aug, 2024
10,882M 613M 651M 436M 35.1 5.6 Sep 30, 2024 J-GAAP
Sep - Nov, 2024
10,084M 195M 203M 123M 9.9 1.9 Dec 27, 2024 J-GAAP
Dec - Feb, 2024
9,740M -33M -29M 37M 3.0 -0.3 Apr 14, 2025 J-GAAP
Mar - May, 2025
11,038M 619M 634M 424M 34.1 5.6 Jun 30, 2025 J-GAAP
Jun - Aug, 2025
11,283M 950M 989M 678M 54.3 8.4 Sep 30, 2025 J-GAAP
YoY +3.7% +55.0% +51.9% +55.5% +54.9%