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MINISTOP, First Half Ordinary Profit Turns to Profit, Jun-Aug Ordinary Profit Increases by 93%

Wed Oct 8, 2025 3:30 pm JST Earnings

9946 MINISTOP CO., LTD. 【J-GAAP】

Earnings Report

MINISTOP CO., LTD. <9946> [TSE Prime] announced its financial results after the market closed on October 8th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending February 2026 (March to August) turned into a profit of 1.34 billion yen (compared to a loss of 0.59 billion yen in the same period last year). Progress toward the full-year plan of 1.60 billion yen was 84.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the September to February period (second half) is expected to turn into a profit of 0.25 billion yen (compared to a loss of 2.27 billion yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit increased 92.5% from the same period last year, reaching 1.23 billion yen. The operating profit margin improved from 2.2% in the same period last year to 4.5%.

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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 40,708 456 759 603 20.8 7,590.0 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 44,510 -799 -591 -684 -23.6 Oct 9, 2024 J-GAAP
Mar - Aug, 2025 48,727 1,116 1,348 502 17.3 84.3 Oct 8, 2025 J-GAAP
YoY +9.5%

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 10 Apr 10, 2025 J-GAAP
Mar - Aug, 2025 Results 48,727 1,116 1,348 502 17.3 10 Oct 8, 2025 J-GAAP
Revision Rate

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 42,965 -2,687 -2,277 -6,090 -210.0 10 Apr 10, 2025 J-GAAP
Sep - Feb, 2025 Guidance 48,273 84 252 -432 -14.9 10 Oct 8, 2025 J-GAAP
YoY +12.4% +92.9% +92.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 79,056 -609 10 -468 -16.1 20 Apr 10, 2024 J-GAAP
Feb, 2025 87,475 -3,486 -2,868 -6,774 -233.5 20 Apr 10, 2025 J-GAAP
Feb, 2026 Guidance 97,000 1,200 1,600 70 2.4 20 Apr 10, 2025 J-GAAP
YoY +10.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 23,957 539 640 451 15.6 2.2 Oct 9, 2024 J-GAAP
Sep - Nov, 2024 22,068 -1,224 -1,101 -1,170 -40.3 -5.5 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 20,897 -1,463 -1,176 -4,920 -169.6 -7.0 Apr 10, 2025 J-GAAP
Mar - May, 2025 23,721 0 116 -151 -5.2 0.0 Jul 9, 2025 J-GAAP
Jun - Aug, 2025 25,006 1,116 1,232 653 22.5 4.5 Oct 8, 2025 J-GAAP
YoY +4.4% +107.1% +92.5% +44.8% +44.8%

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