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WADAKOHSAN, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 11%, Exceeds Full-Year Plan

Fri Jan 9, 2026 3:30 pm JST Earnings

8931 WADAKOHSAN CORPORATION 【J-GAAP】

Earnings Report

WADAKOHSAN CORPORATION <8931> [TSE Std] announced its financial results after the market closed on January 9th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2026 (March to November) increased 10.5% from the same period last year, reaching 4.52 billion yen. Progress toward the full-year plan of 3.50 billion yen is 129.2%, already exceeding the target and also exceeding the five-year average of 74.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the December to February period (4Q) is expected to turn into a loss of 1.02 billion yen (compared to a profit of 0.41 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from September to November (3Q), the ordinary profit amounted to 2.21 billion yen, a 2.2% decrease compared to the same period last year. The operating profit margin decreased from 18.3% in the same period last year to 16.0%.

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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 32,298 4,016 3,503 2,421 218.2 91.7 Jan 9, 2024 J-GAAP
Mar - Nov, 2024 33,746 4,660 4,092 2,813 256.3 90.9 Jan 7, 2025 J-GAAP
Mar - Nov, 2025 37,590 5,230 4,523 3,110 283.9 129.2 Jan 9, 2026 J-GAAP
YoY +11.4% +12.2% +10.5% +10.6% +10.8%

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 19,981 3,109 2,678 1,880 171.3 44 Apr 11, 2025 J-GAAP
Sep - Feb, 2025 Guidance 18,818 1,742 1,195 853 77.8 35 Oct 3, 2025 J-GAAP
YoY -5.8% -44.0% -55.4% -54.6% -54.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 38,825 4,528 3,820 2,638 237.7 60 Apr 12, 2024 J-GAAP
Feb, 2025 40,130 5,285 4,502 3,122 284.5 70 Apr 11, 2025 J-GAAP
Feb, 2026 Guidance 41,000 4,500 3,500 2,500 228.2 70 Apr 11, 2025 J-GAAP
YoY +2.2% -14.9% -22.3% -19.9% -19.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 13,597 2,484 2,268 1,571 143.1 18.3 Jan 7, 2025 J-GAAP
Dec - Feb, 2024 6,384 625 410 309 28.2 9.8 Apr 11, 2025 J-GAAP
Mar - May, 2025 12,313 1,734 1,513 1,109 101.2 14.1 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 9,869 1,024 792 538 49.1 10.4 Oct 3, 2025 J-GAAP
Sep - Nov, 2025 15,408 2,472 2,218 1,463 133.6 16.0 Jan 9, 2026 J-GAAP
YoY +13.3% -0.5% -2.2% -6.9% -6.7%

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