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PICKLES HOLDINGS, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 36%, Sep-Nov Ordinary Profit Increases by 23%

Mon Dec 29, 2025 3:50 pm JST Earnings

2935 PICKLES HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

PICKLES HOLDINGS CO.,LTD. <2935> [TSE Prime] announced its financial results after the market closed on December 29th (15:50). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2026 (March to November) expanded 1.87 billion yen, an increase 36.3% compared to the same period last year. Progress toward the full-year plan of 2.15 billion yen was 87.1%, it was below the five-year average of 90.9%.

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/loss for the December to February period (4Q) is expected to turn into a profit of 0.27 billion yen (compared to a loss of 0.02 billion yen in the same period last year).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit grew 23.2% from the same period last year, reaching 0.25 billion yen. The operating profit margin improved from 1.9% in the same period last year to 2.7%.

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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 33,255 1,458 1,544 1,033 82.8 87.2 Dec 28, 2023 J-GAAP
Mar - Nov, 2024 31,778 1,312 1,374 921 74.1 102.2 Dec 27, 2024 J-GAAP
Mar - Nov, 2025 31,821 1,823 1,873 1,256 100.5 87.1 Dec 29, 2025 J-GAAP
YoY +0.1% +38.9% +36.3% +36.4% +35.6%

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 19,824 162 174 160 12.9 14 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 Guidance 19,379 511 527 338 27.0 14 Sep 22, 2025 J-GAAP
YoY -2.2% +215.4% +202.9% +111.3% +109.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 43,028 1,668 1,771 1,175 94.3 24 Apr 12, 2024 J-GAAP
Feb, 2025 41,518 1,279 1,345 958 77.1 26 Apr 14, 2025 J-GAAP
Feb, 2026 Guidance 41,700 2,080 2,150 1,440 114.9 29 Sep 22, 2025 J-GAAP
YoY +0.4% +62.6% +59.9% +50.3% +49.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 10,084 195 203 123 9.9 1.9 Dec 27, 2024 J-GAAP
Dec - Feb, 2024 9,740 -33 -29 37 3.0 -0.3 Apr 14, 2025 J-GAAP
Mar - May, 2025 11,038 619 634 424 34.1 5.6 Jun 30, 2025 J-GAAP
Jun - Aug, 2025 11,283 950 989 678 54.3 8.4 Sep 30, 2025 J-GAAP
Sep - Nov, 2025 9,500 254 250 154 12.3 2.7 Dec 29, 2025 J-GAAP
YoY -5.8% +30.3% +23.2% +25.2% +24.4%

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