HIKARI HEIGHTS-VARUS, First Half Ordinary Profit Loss Widens, Jul-Sep Ordinary Profit Loss Widens
2137 HIKARI HEIGHTS-VARUS CO.,LTD. 【J-GAAP】
Earnings ReportHIKARI 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%.
Kabutan News
Actual Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
1,515M | 9M | 48M | 34M | 16.3 | 84.2 | Nov 13, 2023 | J-GAAP |
|
|
1,511M | -149M | -125M | -159M | -76.2 | ー | Nov 13, 2024 | J-GAAP |
|
|
1,521M | -256M | -212M | -215M | -103.1 | ー | Nov 14, 2025 | J-GAAP |
| YoY | +0.7% | -71.8% | -69.6% | -35.2% | -35.3% |
| 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 | 1,521M | -256M | -212M | -215M | -103.1 | 0 | Nov 14, 2025 | J-GAAP |
| Revision Rate | － | － | － | － | － |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
1,532M | -212M | -138M | -137M | -65.7 | 0 | May 14, 2025 | J-GAAP |
|
Guidance
Oct - Mar, 2025
|
1,879M | 286M | 252M | 235M | 112.5 | － | Nov 14, 2025 | J-GAAP |
| YoY | +22.7% | － | － | － | － |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
3,025M | -11M | 57M | 42M | 20.2 | 12 | May 15, 2024 | J-GAAP |
|
|
3,043M | -361M | -263M | -296M | -142.0 | 0 | May 14, 2025 | J-GAAP |
|
Guidance
Mar, 2026
|
3,400M | 30M | 40M | 20M | 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 |
|---|---|---|---|---|---|---|---|---|
|
|
769M | -45M | -30M | -91M | -43.6 | -5.9 | Nov 13, 2024 | J-GAAP |
|
|
771M | -77M | -67M | -71M | -34.0 | -10.0 | Feb 14, 2025 | J-GAAP |
|
|
761M | -135M | -71M | -66M | -31.7 | -17.7 | May 14, 2025 | J-GAAP |
|
|
762M | -151M | -156M | -159M | -76.4 | -19.8 | Aug 13, 2025 | J-GAAP |
|
|
759M | -105M | -56M | -56M | -26.9 | -13.8 | Nov 14, 2025 | J-GAAP |
| YoY | -1.3% | -133.3% | -86.7% | +38.5% | +38.4% |
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