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SFP Holdings, First Half Ordinary Profit Decreases by 11%, Jun-Aug Ordinary Profit Decreases by 12%

Tue Oct 14, 2025 3:30 pm JST Earnings

3198 SFP Holdings Co., Ltd. 【J-GAAP】

Earnings Report

SFP Holdings Co., Ltd. <3198> [TSE Prime] announced its financial results after the market closed on October 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2026 (March to August) decreased 11.0% from the same period last year to 0.91 billion yen. Progress toward the full-year plan of 2.60 billion yen was 35.0%, also falling below the five-year average of 55.9%.

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 expand 34.3% from the same period last year, reaching 1.69 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 0.31 billion yen, an 11.9% decrease compared to the same period last year. The operating profit margin worsened from 4.0% in the same period last year to 3.5%.

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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 14,286 1,009 1,109 652 25.3 49.6 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 15,037 907 1,023 705 31.0 44.8 Oct 11, 2024 J-GAAP
Mar - Aug, 2025 15,344 858 910 533 23.4 35.0 Oct 14, 2025 J-GAAP
YoY +2.0% -5.4% -11.0% -24.4% -24.5%

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 ー ー ー ー － 14 Apr 14, 2025 J-GAAP
Mar - Aug, 2025 Results 15,344 858 910 533 23.4 14 Oct 14, 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 15,352 1,279 1,258 780 34.2 13 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 Guidance 17,156 1,642 1,690 1,167 51.2 14 Oct 14, 2025 J-GAAP
YoY +11.8% +28.4% +34.3% +49.6% +49.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 29,079 2,026 2,236 1,731 71.0 23 Apr 12, 2024 J-GAAP
Feb, 2025 30,389 2,186 2,281 1,485 65.2 26 Apr 14, 2025 J-GAAP
Feb, 2026 Guidance 32,500 2,500 2,600 1,700 74.6 28 Apr 14, 2025 J-GAAP
YoY +6.9% +14.4% +14.0% +14.5% +14.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 7,366 298 353 228 10.0 4.0 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 7,273 457 514 330 14.5 6.3 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 8,079 822 744 450 19.7 10.2 Apr 14, 2025 J-GAAP
Mar - May, 2025 7,751 593 599 389 17.1 7.7 Jul 14, 2025 J-GAAP
Jun - Aug, 2025 7,593 265 311 144 6.3 3.5 Oct 14, 2025 J-GAAP
YoY +3.1% -11.1% -11.9% -36.8% -36.9%

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