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Belc , Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 1%

Fri Jan 9, 2026 2:00 pm JST Earnings

9974 Belc CO., LTD. 【J-GAAP】

Earnings Report

Belc CO., LTD. <9974> [TSE Prime] announced its financial results in the afternoon session on January 9th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2026 (March to November) was 12.7 billion yen, a 1.3% decrease compared to the same period last year. Progress toward the full-year plan of 18.2 billion yen was 69.7%, also falling below the five-year average of 77.1%.

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 23.3% from the same period last year, reaching 5.53 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit amounted to 3.71 billion yen, an increase of 1.4% compared to the same period last year. However, the operating profit margin remained almost flat, changing from 3.7% 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 258,230 12,612 12,962 9,290 445.7 86.6 Jan 10, 2024 J-GAAP
Mar - Nov, 2024 285,814 12,630 12,899 8,624 413.8 74.2 Jan 10, 2025 J-GAAP
Mar - Nov, 2025 315,707 12,537 12,729 8,623 413.9 69.7 Jan 9, 2026 J-GAAP
YoY +10.5% -0.7% -1.3% 0.0% +0.0%

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 198,121 7,976 8,147 6,215 298.2 62 Apr 10, 2025 J-GAAP
Sep - Feb, 2025 Guidance 203,161 9,207 9,244 6,301 302.5 62 Oct 10, 2025 J-GAAP
YoY +2.5% +15.4% +13.5% +1.4% +1.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 351,856 14,495 14,972 10,677 512.3 108 Apr 11, 2024 J-GAAP
Feb, 2025 387,779 17,011 17,388 12,385 594.2 120 Apr 10, 2025 J-GAAP
Feb, 2026 Guidance 414,172 18,091 18,263 12,445 597.4 124 Apr 10, 2025 J-GAAP
YoY +6.8% +6.3% +5.0% +0.5% +0.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 96,156 3,595 3,658 2,454 117.7 3.7 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 101,965 4,381 4,489 3,761 180.4 4.3 Apr 10, 2025 J-GAAP
Mar - May, 2025 103,712 3,885 3,991 2,730 131.0 3.7 Jul 10, 2025 J-GAAP
Jun - Aug, 2025 107,299 4,999 5,028 3,414 163.9 4.7 Oct 10, 2025 J-GAAP
Sep - Nov, 2025 104,696 3,653 3,710 2,479 119.0 3.5 Jan 9, 2026 J-GAAP
YoY +8.9% +1.6% +1.4% +1.0% +1.1%

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