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HIKARI HEIGHTS-VARUS, First Half Ordinary Profit Loss Widens, Jul-Sep Ordinary Profit Loss Widens

Fri Nov 14, 2025 3:00 pm JST Earnings

2137 HIKARI HEIGHTS-VARUS CO.,LTD. 【J-GAAP】

Earnings Report

HIKARI HEIGHTS-VARUS CO.,LTD. <2137> [SSE Ambs] announced its financial results in the afternoon session on November 14th (15:00). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded to a loss of 212 million yen (compared to a loss of 125 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 ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 252 million yen (compared to a loss of 138 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary loss expanded to a loss of 56 million yen (compared to a loss of 30 million yen in the same period last year). The operating profit/loss margin drastically worsened from -5.9% in the same period last year to -13.8%.

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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
Apr - Sep, 2023 1,515 9 48 34 16.3 84.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 1,511 -149 -125 -159 -76.2 ー Nov 13, 2024 J-GAAP
Apr - Sep, 2025 1,521 -256 -212 -215 -103.1 ー Nov 14, 2025 J-GAAP
YoY +0.7% -71.8% -69.6% -35.2% -35.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 0 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 1,521 -256 -212 -215 -103.1 0 Nov 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
Oct - Mar, 2024 1,532 -212 -138 -137 -65.7 0 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,879 286 252 235 112.5 － Nov 14, 2025 J-GAAP
YoY +22.7% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 3,025 -11 57 42 20.2 12 May 15, 2024 J-GAAP
Mar, 2025 3,043 -361 -263 -296 -142.0 0 May 14, 2025 J-GAAP
Mar, 2026 Guidance 3,400 30 40 20 9.6 － May 14, 2025 J-GAAP
YoY +11.7% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 769 -45 -30 -91 -43.6 -5.9 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 771 -77 -67 -71 -34.0 -10.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 761 -135 -71 -66 -31.7 -17.7 May 14, 2025 J-GAAP
Apr - Jun, 2025 762 -151 -156 -159 -76.4 -19.8 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 759 -105 -56 -56 -26.9 -13.8 Nov 14, 2025 J-GAAP
YoY -1.3% -133.3% -86.7% +38.5% +38.4%

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