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PAL GROUP, First Half Ordinary Profit Increases by 18%, Jun-Aug Ordinary Profit Increases by 12%

Tue Oct 7, 2025 3:30 pm JST Earnings

2726 PAL GROUP Holdings CO.,LTD. 【J-GAAP】

Earnings Report

PAL GROUP Holdings CO.,LTD. <2726> [TSE Prime] announced its financial results after the market closed on October 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2026 (March to August) increased 17.7% from the same period last year, reaching 14.0 billion yen. Progress toward the full-year plan of 26.4 billion yen was 53.3%, also surpassing the five-year average of 47.4%.

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 3.0% from the same period last year, reaching 12.3 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew 12.3% from the same period last year, reaching 6.21 billion yen. However, the operating profit margin decreased from 11.0% in the same period last year to 10.7%.

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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 94,145 10,299 10,384 7,001 40.0 55.1 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 101,259 11,806 11,956 7,668 44.2 50.0 Oct 15, 2024 J-GAAP
Mar - Aug, 2025 117,082 14,095 14,069 9,186 52.9 53.3 Oct 7, 2025 J-GAAP
YoY +15.6% +19.4% +17.7% +19.8% +19.8%

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 113,500 12,700 12,700 8,130 46.8 0 Apr 8, 2025 J-GAAP
Mar - Aug, 2025 Results 117,082 14,095 14,069 9,186 52.9 0 Oct 7, 2025 J-GAAP
Revision Rate +3.2% +11.0% +10.8% +13.0% +13.0%

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 106,566 11,850 11,973 4,180 24.1 30 Apr 8, 2025 J-GAAP
Sep - Feb, 2025 Guidance 113,918 12,305 12,331 7,664 44.1 30 Oct 7, 2025 J-GAAP
YoY +6.9% +3.8% +3.0% +83.3% +83.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 192,544 18,605 18,839 12,845 73.7 25 Apr 9, 2024 J-GAAP
Feb, 2025 207,825 23,656 23,929 11,848 68.2 30 Apr 8, 2025 J-GAAP
Feb, 2026 Guidance 231,000 26,400 26,400 16,850 97.0 30 Aug 26, 2025 J-GAAP
YoY +11.2% +11.6% +10.3% +42.2% +42.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 49,818 5,500 5,534 3,470 20.0 11.0 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 51,272 6,471 6,557 1,292 7.4 12.6 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 55,294 5,379 5,416 2,888 16.6 9.7 Apr 8, 2025 J-GAAP
Mar - May, 2025 58,727 7,854 7,857 5,234 30.2 13.4 Jul 8, 2025 J-GAAP
Jun - Aug, 2025 58,355 6,241 6,212 3,952 22.8 10.7 Oct 7, 2025 J-GAAP
YoY +17.1% +13.5% +12.3% +13.9% +13.9%

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