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LAND, First Half Ordinary Profit Turns to Loss, Jun-Aug Ordinary Profit Decreases by 100%

Thu Oct 9, 2025 3:30 pm JST Earnings

8918 LAND Co.,Ltd. 【J-GAAP】

Earnings Report

LAND Co.,Ltd. <8918> [TSE Std] announced its financial results after the market closed on October 9th (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 loss of 138 million yen (compared to a profit of 821 million yen in the same period last year).

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 6.2 times that of the same period last year, reaching 928 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit significantly dropped to 2 million yen, a 99.8% decrease compared to the same period last year. The operating profit/loss margin drastically worsened from 31.5% in the same period last year to -1.9%.

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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 533 -90 -49 -54 0.0 ー Oct 12, 2023 J-GAAP
Mar - Aug, 2024 3,229 828 821 617 0.4 84.6 Oct 10, 2024 J-GAAP
Mar - Aug, 2025 368 -146 -138 -138 -0.1 ー Oct 9, 2025 J-GAAP
YoY -88.6% － － － －

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 ー ー ー ー － － Apr 10, 2025 J-GAAP
Mar - Aug, 2025 Results 368 -146 -138 -138 -0.1 0 Oct 9, 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 1,863 149 149 257 0.2 0.10 Apr 10, 2025 J-GAAP
Sep - Feb, 2025 Guidance 3,722 946 928 848 0.6 － Oct 9, 2025 J-GAAP
YoY +99.8% +534.9% +522.8% +230.0% +223.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 2,101 230 253 240 0.2 0.10 Apr 11, 2024 J-GAAP
Feb, 2025 5,092 977 970 874 0.6 0.10 Apr 10, 2025 J-GAAP
Feb, 2026 Guidance 4,090 800 790 710 0.5 － Apr 10, 2025 J-GAAP
YoY -19.7% -18.1% -18.6% -18.8% -20.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 3,117 982 982 779 0.5 31.5 Oct 10, 2024 J-GAAP
Sep - Nov, 2024 1,496 149 149 127 0.1 10.0 Jan 9, 2025 J-GAAP
Dec - Feb, 2024 367 0 0 130 0.1 0.0 Apr 10, 2025 J-GAAP
Mar - May, 2025 206 -143 -140 -141 -0.1 -69.4 Jul 10, 2025 J-GAAP
Jun - Aug, 2025 162 -3 2 3 0.0 -1.9 Oct 9, 2025 J-GAAP
YoY -94.8% － -99.8% -99.6% －

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