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HEIWADO, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 1%, Sep-Nov Ordinary Profit Decreases by 13%

Thu Dec 25, 2025 1:30 pm JST Earnings

8276 HEIWADO CO.,LTD. 【J-GAAP】

Earnings Report

HEIWADO CO.,LTD. <8276> [TSE Prime] announced its financial results in the afternoon session on December 25th (13:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2026 (March to November) was 9.55 billion yen, a 1.4% increase compared to the same period last year. However, Progress toward the full-year plan of 15.6 billion yen was 61.2%, also falling below the five-year average of 63.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to grow 16.0% from the same period last year, reaching 6.04 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit decreased to 2.04 billion yen, a 13.3% decrease compared to the same period last year. The operating profit margin worsened from 2.0% in the same period last year to 1.6%.

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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 312,498 8,275 9,121 5,400 103.0 63.0 Dec 28, 2023 J-GAAP
Mar - Nov, 2024 325,984 8,460 9,425 6,608 128.2 64.4 Dec 26, 2024 J-GAAP
Mar - Nov, 2025 335,874 8,616 9,554 5,903 118.6 61.2 Dec 25, 2025 J-GAAP
YoY +3.0% +1.8% +1.4% -10.7% -7.5%

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 228,253 7,054 7,569 6,163 120.1 33 Apr 3, 2025 J-GAAP
Sep - Feb, 2025 Guidance 232,461 7,667 8,088 5,896 119.2 33 Oct 2, 2025 J-GAAP
YoY +1.8% +8.7% +6.9% -4.3% -0.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 425,424 13,257 14,482 6,784 129.4 42 Apr 4, 2024 J-GAAP
Feb, 2025 444,898 13,360 14,639 10,727 209.1 63 Apr 3, 2025 J-GAAP
Feb, 2026 Guidance 456,000 14,500 15,600 10,800 218.4 66 Apr 3, 2025 J-GAAP
YoY +2.5% +8.5% +6.6% +0.7% +4.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 109,339 2,154 2,355 2,044 39.7 2.0 Dec 26, 2024 J-GAAP
Dec - Feb, 2024 118,914 4,900 5,214 4,119 80.3 4.1 Apr 3, 2025 J-GAAP
Mar - May, 2025 108,541 2,944 3,335 2,169 43.2 2.7 Jun 26, 2025 J-GAAP
Jun - Aug, 2025 114,998 3,889 4,177 2,735 54.8 3.4 Oct 2, 2025 J-GAAP
Sep - Nov, 2025 112,335 1,783 2,042 999 20.1 1.6 Dec 25, 2025 J-GAAP
YoY +2.7% -17.2% -13.3% -51.1% -49.4%

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