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TRE HOLDINGS, First Half Ordinary Profit Increases by 94%

Fri Nov 14, 2025 3:30 pm JST Earnings

9247 TRE HOLDINGS CORPORATION 【J-GAAP】

Earnings Report

TRE HOLDINGS CORPORATION <9247> [TSE Prime] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 13.0 billion yen, an increase 94.3% compared to the same period last year, exceeded the previous forecast of 10.7 billion yen.

Progress toward the full-year plan of 18.3 billion yen was 71.4%, also surpassing the three-year average of 37.3%.

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 significant drop 66.8% from the same period last year to 5.23 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 30.6% from the same period last year, reaching 5.57 billion yen. The operating profit margin rose from 15.8% in the same period last year to 19.1%.

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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 44,490 3,167 3,166 2,007 39.1 40.7 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 53,671 6,896 6,722 4,357 85.0 29.9 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 62,145 13,319 13,064 8,548 175.3 71.4 Nov 14, 2025 J-GAAP
YoY +15.8% +93.1% +94.3% +96.2% +106.2%

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 63,100 11,150 10,750 7,200 147.8 20 Aug 8, 2025 J-GAAP
Apr - Sep, 2025 Results 62,145 13,319 13,064 8,548 175.3 20 Nov 14, 2025 J-GAAP
Revision Rate -1.5% +19.5% +21.5% +18.7% +18.6%

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 65,007 16,087 15,765 7,928 156.1 25 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 59,155 5,681 5,236 3,752 78.2 30 Nov 14, 2025 J-GAAP
YoY -9.0% -64.7% -66.8% -52.7% -49.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 92,860 7,769 7,787 3,623 70.5 40 May 15, 2024 J-GAAP
Mar, 2025 118,678 22,983 22,487 12,285 241.9 45 May 15, 2025 J-GAAP
Mar, 2026 Guidance 121,300 19,000 18,300 12,300 256.4 50 Aug 8, 2025 J-GAAP
YoY +2.2% -17.3% -18.6% +0.1% +6.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 27,798 4,383 4,270 2,806 54.8 15.8 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 33,332 8,663 8,533 6,049 118.5 26.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 31,675 7,424 7,232 1,879 37.0 23.4 May 15, 2025 J-GAAP
Apr - Jun, 2025 32,398 7,643 7,489 5,067 103.8 23.6 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 29,747 5,676 5,575 3,481 71.4 19.1 Nov 14, 2025 J-GAAP
YoY +7.0% +29.5% +30.6% +24.1% +30.4%

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