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SEIHYO, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 79% Decrease

Fri Jan 9, 2026 4:00 pm JST Earnings

2872 SEIHYO CO.,LTD. 【J-GAAP】

Earnings Report

SEIHYO CO.,LTD. <2872> [TSE Std] announced its financial results after the market closed on January 9th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2026 (March to November) dropped 44.7% from the same period last year to 121 million yen.

In addition, the full-year forecast for ordinary profit has decreased 79.2%, from the previous forecast of 125 million yen to 26 million yen (compared to 123 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 78.9% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit/loss for the September to February period (second half) has been revised downward from an expected loss of 77 million yen to a loss of 176 million yen (compared to a loss of 77 million yen in the same period of the previous year), indicating an expansion in the loss margin.

In the most recent three-month period, from September to November (3Q), the ordinary profit/loss turned to a loss of 81 million yen (compared to a profit of 19 million yen in the same period last year). The operating profit/loss margin drastically worsened from 1.7% in the same period last year to -10.5%.

Kabutan News

Actual Performance and Financial Trends

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
3,491M 73M 80M 61M 39.8 121.2% Jan 11, 2024 J-GAAP
Mar - Nov, 2024
3,875M 201M 219M 169M 121.8 178.0% Jan 10, 2025 J-GAAP
Mar - Nov, 2025
3,888M 105M 121M 75M 53.9 465.4% Jan 9, 2026 J-GAAP
YoY +0.3% -47.8% -44.7% -55.6% -55.7%

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 1,503M -68M -77M -23M -16.4 18 Oct 14, 2025 J-GAAP
Sep - Feb, 2025 New 1,603M -178M -176M -102M -72.7 18 Jan 9, 2026 J-GAAP
Revision Rate +6.7% -161.8% -128.6% -343.5% -343.4%
Full Year Update
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Feb, 2026 Prev 4,600M 120M 125M 110M 78.4 18 Apr 11, 2025 J-GAAP
Feb, 2026 New 4,700M 10M 26M 31M 22.1 18 Jan 9, 2026 J-GAAP
Revision Rate +2.2% -91.7% -79.2% -71.8% -71.8%

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
1,664M -87M -77M -38M -27.4 18 Apr 11, 2025 J-GAAP
Guidance
Sep - Feb, 2025
1,603M -178M -176M -102M -72.7 18 Jan 9, 2026 J-GAAP
YoY -3.7% -104.6% -128.6% -168.4% -165.6%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Feb, 2024
4,256M 54M 66M 61M 40.0 17 Apr 12, 2024 J-GAAP
Feb, 2025
4,484M 96M 123M 119M 85.7 18 Apr 11, 2025 J-GAAP
Guidance
Feb, 2026
4,700M 10M 26M 31M 22.1 18 Jan 9, 2026 J-GAAP
YoY +4.8% -89.6% -78.9% -73.9% -74.2%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Sep - Nov, 2024
1,055M 18M 19M 12M 8.7 1.7% Jan 10, 2025 J-GAAP
Dec - Feb, 2024
609M -105M -96M -50M -36.0 -17.2% Apr 11, 2025 J-GAAP
Mar - May, 2025
1,338M 47M 57M 38M 27.6 3.5% Jul 11, 2025 J-GAAP
Jun - Aug, 2025
1,759M 141M 145M 95M 68.1 8.0% Oct 14, 2025 J-GAAP
Sep - Nov, 2025
791M -83M -81M -58M -41.7 -10.5% Jan 9, 2026 J-GAAP
YoY -25.0%