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PAL GROUP, Sep-Nov (3Q) Ordinary Profit Increases by 14%, Dividend Effectively Increased

Tue Jan 13, 2026 3:30 pm JST Earnings

2726 PAL GROUP Holdings CO.,LTD. 【J-GAAP】

Earnings Report

PAL GROUP Holdings CO.,LTD. <2726> [TSE Prime] announced its financial results after the market closed on January 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2026 (March to November) increased 16.4% from the same period last year, reaching 21.5 billion yen. Progress toward the full-year plan of 26.4 billion yen was 81.7%, it was below the five-year average of 86.1%.

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 decrease 10.6% from the same period last year to 4.84 billion yen.

At the same time, due to a planned 2-for-1 forward stock split is scheduled for September 10, the year-end lump-sum dividend for the current fiscal year has been revised from the original plan of 30 yen to 40 yen (equivalent to 80 yen before the forward stock split) This effectively represents a 33.3% increase in the annual dividend.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit grew 14.2% from the same period last year, reaching 7.48 billion yen. However, the operating profit margin remained almost flat, changing from 12.6% in the same period last year to 12.6%.

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
142,545M 15,548M 15,761M 10,353M 59.3 83.7 Jan 10, 2024 J-GAAP
Mar - Nov, 2024
152,531M 18,277M 18,513M 8,960M 51.6 77.4 Jan 14, 2025 J-GAAP
Mar - Nov, 2025
176,352M 21,540M 21,556M 14,000M 80.6 81.7 Jan 13, 2026 J-GAAP
YoY +15.6% +17.9% +16.4% +56.3% +56.2%

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 113,918M 12,305M 12,331M 7,664M 44.1 30 Oct 7, 2025 J-GAAP
Sep - Feb, 2025 New 113,918M 12,305M 12,331M 7,664M 44.1 40 Jan 13, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%
Full Year Update
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Feb, 2026 Prev 231,000M 26,400M 26,400M 16,850M 97.0 30 Aug 26, 2025 J-GAAP
Feb, 2026 New 231,000M 26,400M 26,400M 16,850M 97.0 40 Jan 13, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 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
106,566M 11,850M 11,973M 4,180M 24.1 30 Apr 8, 2025 J-GAAP
Guidance
Sep - Feb, 2025
113,918M 12,305M 12,331M 7,664M 44.1 40 Jan 13, 2026 J-GAAP
YoY +6.9% +3.8% +3.0% +83.3% +83.3%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Feb, 2024
192,544M 18,605M 18,839M 12,845M 73.7 25 Apr 9, 2024 J-GAAP
Feb, 2025
207,825M 23,656M 23,929M 11,848M 68.2 30 Apr 8, 2025 J-GAAP
Guidance
Feb, 2026
231,000M 26,400M 26,400M 16,850M 97.0 40 Jan 13, 2026 J-GAAP
YoY +11.2% +11.6% +10.3% +42.2% +42.2%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Sep - Nov, 2024
51,272M 6,471M 6,557M 1,292M 7.4 12.6 Jan 14, 2025 J-GAAP
Dec - Feb, 2024
55,294M 5,379M 5,416M 2,888M 16.6 9.7 Apr 8, 2025 J-GAAP
Mar - May, 2025
58,727M 7,854M 7,857M 5,234M 30.2 13.4 Jul 8, 2025 J-GAAP
Jun - Aug, 2025
58,355M 6,241M 6,212M 3,952M 22.8 10.7 Oct 7, 2025 J-GAAP
Sep - Nov, 2025
59,270M 7,445M 7,487M 4,814M 27.7 12.6 Jan 13, 2026 J-GAAP
YoY +15.6% +15.1% +14.2% +272.6% +272.7%