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GFOOT, Net Income Forecast for the Fiscal Year Revised Downward to a Loss

Thu Jan 8, 2026 11:00 am JST Earnings

2686 GFOOT CO.,LTD. 【J-GAAP】

Earnings Report

GFOOT CO.,LTD. <2686> [TSE Std] announced its financial results in the morning on January 8th (11:00). The consolidated net loss for the cumulative third quarter of the fiscal year ending February 2026 (March to November) expanded to a loss of 1.75 billion yen (compared to a loss of 0.70 billion yen in the same period last year). The company has been in a state of excessive liabilities (0.96 billion yen) for two consecutive quarters.

In addition, the full-year forecast for consolidated net income/loss has been revised downward from an expected profit of 0.01 billion yen to a loss of 2.80 billion yen (compared to a loss of 1.06 billion yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the September to February period (second half) has been revised downward from an expected profit of 0.84 billion yen to a loss of 1.96 billion yen (compared to a loss of 0.90 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from September to November (3Q), the consolidated net loss expanded to a loss of 0.92 billion yen (compared to a loss of 0.54 billion yen in the same period last year). The operating profit/loss margin worsened from -2.8% in the same period last year to -3.5%.

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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 49,209 -675 -883 -1,065 -25.0 Jan 11, 2024 J-GAAP
Mar - Nov, 2024 46,835 -286 -536 -708 -16.6 Jan 10, 2025 J-GAAP
Mar - Nov, 2025 44,246 -1,046 -1,220 -1,753 -41.2 Jan 8, 2026 J-GAAP
YoY -5.5% -265.7% -127.6% -147.6% -147.5%

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 30,525 1,023 830 843 19.4 0 Oct 14, 2025 J-GAAP
Sep - Feb, 2025 New 28,525 -1,377 -1,570 -1,967 -46.2 0 Jan 8, 2026 J-GAAP
Revision Rate -6.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Prev 60,000 500 200 10 0.2 0 Apr 11, 2025 J-GAAP
Feb, 2026 New 58,000 -1,900 -2,200 -2,800 -65.8 0 Jan 8, 2026 J-GAAP
Revision Rate -3.3%

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 27,702 -923 -1,229 -901 -21.2 0 Apr 11, 2025 J-GAAP
Sep - Feb, 2025 Guidance 28,525 -1,377 -1,570 -1,967 -46.2 0 Jan 8, 2026 J-GAAP
YoY +3.0% -49.2% -27.7% -118.3% -118.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 64,601 -1,081 -1,363 -1,768 -41.6 0 Apr 10, 2024 J-GAAP
Feb, 2025 59,975 -805 -1,273 -1,060 -24.9 0 Apr 11, 2025 J-GAAP
Feb, 2026 Guidance 58,000 -1,900 -2,200 -2,800 -65.8 0 Jan 8, 2026 J-GAAP
YoY -3.3% -136.0% -72.8% -164.2% -164.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 14,562 -404 -492 -549 -12.9 -2.8 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 13,140 -519 -737 -352 -8.3 -3.9 Apr 11, 2025 J-GAAP
Mar - May, 2025 15,654 101 47 -11 -0.3 0.6 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 13,821 -624 -677 -822 -19.3 -4.5 Oct 14, 2025 J-GAAP
Sep - Nov, 2025 14,771 -523 -590 -920 -21.6 -3.5 Jan 8, 2026 J-GAAP
YoY +1.4% -29.5% -19.9% -67.6% -67.6%

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