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LAPINE, Net Income Forecast for the Fiscal Year Loss Widened in Downward Revision, 42% Deficit Against Net Assets

Tue Oct 14, 2025 4:00 pm JST Earnings

8143 LAPINE CO.,LTD 【J-GAAP】

Earnings Report

LAPINE CO.,LTD <8143> [TSE Std] announced its financial results after the market closed on October 14th (16:00). The consolidated net loss for the cumulative second quarter of the fiscal year ending February 2026 (March to August) expanded to a loss of 165 million yen (compared to a loss of 27 million yen in the same period last year).

In addition, the full-year forecast for consolidated net income/loss has been revised downward from an expected loss of 255 million yen to a loss of 355 million yen (compared to a loss of 129 million yen in the previous period), indicating an expansion in the loss margin The deficit amounted to a 42.1% impairment of net assets at the end of the previous fiscal year..

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net loss for the September to February period (second half) is expected to expand to a loss of 190 million yen (compared to a loss of 102 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated net loss improved to a deficit of 93 million yen (compared to a loss of 118 million yen in the same period last year). The operating profit/loss margin significantly improved from -27.6% in the same period last year to -23.0%.

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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 1,221 -166 -155 -154 -65.2 ー Oct 12, 2023 J-GAAP
Mar - Aug, 2024 998 -234 -23 -27 -11.7 ー Oct 11, 2024 J-GAAP
Mar - Aug, 2025 918 -172 -161 -165 -70.2 ー Oct 14, 2025 J-GAAP
YoY -8.0% +26.5% -600.0% -511.1% -499.6%

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 1,050 -180 -180 -180 -76.2 0 Apr 18, 2025 J-GAAP
Mar - Aug, 2025 Results 918 -172 -161 -165 -70.2 0 Oct 14, 2025 J-GAAP
Revision Rate -12.6% +4.4% +10.6% +8.3% +7.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Prev 2,150 -280 -280 -255 -107.9 0 Apr 18, 2025 J-GAAP
Feb, 2026 New 1,800 -350 -350 -355 -150.2 0 Oct 14, 2025 J-GAAP
Revision Rate -16.3% -25.0% -25.0% -39.2% -39.2%

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 1,044 -126 -111 -102 -43.2 0 Apr 18, 2025 J-GAAP
Sep - Feb, 2025 Guidance 882 -178 -189 -190 -80.4 0 Oct 14, 2025 J-GAAP
YoY -15.5% -41.3% -70.3% -86.3% -85.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 2,342 -342 -314 -321 -136.0 0 Apr 19, 2024 J-GAAP
Feb, 2025 2,042 -360 -134 -129 -54.7 0 Apr 18, 2025 J-GAAP
Feb, 2026 Guidance 1,800 -350 -350 -355 -150.2 0 Oct 14, 2025 J-GAAP
YoY -11.9% +2.8% -161.2% -175.2% -174.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 453 -125 -116 -118 -51.2 -27.6 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 525 -55 -49 -30 -12.9 -10.5 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 519 -71 -62 -72 -30.5 -13.7 Apr 18, 2025 J-GAAP
Mar - May, 2025 478 -71 -70 -72 -30.7 -14.9 Jul 15, 2025 J-GAAP
Jun - Aug, 2025 440 -101 -91 -93 -39.6 -23.0 Oct 14, 2025 J-GAAP
YoY -2.9% +19.2% +21.6% +21.2% +22.7%

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