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PIETRO, First Half Ordinary Profit Turns to Loss, Jul-Sep Ordinary Profit Decreases by 98%

Fri Nov 14, 2025 3:30 pm JST Earnings

2818 PIETRO Co., Ltd. 【J-GAAP】

Earnings Report

PIETRO Co., Ltd. <2818> [TSE Std] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a loss of 30 million yen (compared to a profit of 94 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 October to March period (second half) is expected to surge 3.5 times that of the same period last year, reaching 230 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 1 million yen, a 98.0% decrease compared to the same period last year. The operating profit margin worsened from 1.9% in the same period last year to 0.8%.

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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 5,037 186 187 74 12.3 93.0 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 5,484 97 94 46 6.8 58.8 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 6,010 67 -30 -44 -6.5 ー Nov 14, 2025 J-GAAP
YoY +9.6% -30.9% － － －

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 15, 2025 J-GAAP
Apr - Sep, 2025 Results 6,010 67 -30 -44 -6.5 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 5,651 80 66 11 1.6 24 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 5,776 283 230 104 15.0 24 Nov 14, 2025 J-GAAP
YoY +2.2% +253.8% +248.5% +845.5% +826.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 10,096 218 201 109 17.4 24 May 15, 2024 J-GAAP
Mar, 2025 11,135 177 160 57 8.4 24 May 15, 2025 J-GAAP
Mar, 2026 Guidance 11,786 350 200 60 8.7 24 May 15, 2025 J-GAAP
YoY +5.8% +97.7% +25.0% +5.3% +3.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,804 53 49 32 4.7 1.9 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 2,984 113 113 70 10.2 3.8 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,667 -33 -47 -59 -8.7 -1.2 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,971 44 -31 67 9.8 1.5 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 3,039 23 1 -111 -16.4 0.8 Nov 14, 2025 J-GAAP
YoY +8.4% -56.6% -98.0% － －

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