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ASAHI, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 22% Decrease

Mon Dec 22, 2025 1:00 pm JST Earnings

3333 ASAHI CO.,LTD. 【J-GAAP】

Earnings Report

ASAHI CO.,LTD. <3333> [TSE Prime] announced its financial results in the afternoon session on December 22nd (13:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2026 (March to November) decreased 20.2% from the same period last year to 4.51 billion yen.

In addition, the full-year forecast for ordinary profit has decreased 23.3%, from the previous forecast of 5.75 billion yen to 4.41 billion yen (compared to 5.62 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 21.6% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the September to February period (second half) has decreased 73.3%, from the previous forecast of 1.82 billion yen to 0.48 billion yen (compared to 0.78 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 37.8% decrease in profit.

In the most recent three-month period, from September to November (3Q), the ordinary profit decreased to 0.58 billion yen, a 27.4% decrease compared to the same period last year. The operating profit margin worsened from 4.5% in the same period last year to 3.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Nov, 2023 61,694 4,923 5,142 3,378 129.4 99.0 Dec 25, 2023 J-GAAP
Mar - Nov, 2024 64,537 5,584 5,651 3,774 144.9 100.4 Dec 23, 2024 J-GAAP
Mar - Nov, 2025 64,110 4,320 4,510 2,927 112.4 102.3 Dec 22, 2025 J-GAAP
YoY -0.7% -22.6% -20.2% -22.4% -22.4%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2025 Prev 39,900 1,864 1,827 1,020 39.2 25 Sep 22, 2025 J-GAAP
Sep - Feb, 2025 New 35,100 474 487 10 0.4 25 Dec 22, 2025 J-GAAP
Revision Rate -12.0% -74.6% -73.3% -99.0% -99.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Prev 85,800 5,620 5,750 3,650 140.2 50 Apr 4, 2025 J-GAAP
Feb, 2026 New 81,000 4,230 4,410 2,640 101.4 50 Dec 22, 2025 J-GAAP
Revision Rate -5.6% -24.7% -23.3% -27.7% -27.7%

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 35,173 722 783 290 11.1 25 Apr 4, 2025 J-GAAP
Sep - Feb, 2025 Guidance 35,100 474 487 10 0.4 25 Dec 22, 2025 J-GAAP
YoY -0.2% -34.3% -37.8% -96.6% -96.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 78,076 4,912 5,192 3,113 119.2 45 Apr 1, 2024 J-GAAP
Feb, 2025 81,593 5,485 5,626 3,555 136.5 50 Apr 4, 2025 J-GAAP
Feb, 2026 Guidance 81,000 4,230 4,410 2,640 101.4 50 Dec 22, 2025 J-GAAP
YoY -0.7% -22.9% -21.6% -25.7% -25.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 18,117 821 808 509 19.5 4.5 Dec 23, 2024 J-GAAP
Dec - Feb, 2024 17,056 -99 -25 -219 -8.4 -0.6 Apr 4, 2025 J-GAAP
Mar - May, 2025 27,104 3,270 3,403 2,336 89.7 12.1 Jun 23, 2025 J-GAAP
Jun - Aug, 2025 18,796 486 520 294 11.3 2.6 Sep 22, 2025 J-GAAP
Sep - Nov, 2025 18,210 564 587 297 11.4 3.1 Dec 22, 2025 J-GAAP
YoY +0.5% -31.3% -27.4% -41.7% -41.6%

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