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SFP Holdings, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 27%, Sep-Nov Ordinary Profit Decreases by 60%

Wed Jan 14, 2026 3:30 pm JST Earnings

3198 SFP Holdings Co., Ltd. 【J-GAAP】

Earnings Report

SFP Holdings Co., Ltd. <3198> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2026 (March to November) decreased 27.3% from the same period last year to 1.11 billion yen. Progress toward the full-year plan of 2.60 billion yen was 43.0%, also falling below the five-year average of 84.4%.

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 expand 99.3% from the same period last year, reaching 1.48 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit significantly dropped to 0.20 billion yen, a 59.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.3% in the same period last year to 2.3%.

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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 21,310 1,300 1,452 847 34.0 64.9 Jan 12, 2024 J-GAAP
Mar - Nov, 2024 22,310 1,364 1,537 1,035 45.4 67.4 Jan 14, 2025 J-GAAP
Mar - Nov, 2025 22,750 1,025 1,117 688 30.2 43.0 Jan 14, 2026 J-GAAP
YoY +2.0% -24.9% -27.3% -33.5% -33.5%

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 15,352 1,279 1,258 780 34.2 13 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 Guidance 17,156 1,642 1,690 1,167 51.2 14 Oct 14, 2025 J-GAAP
YoY +11.8% +28.4% +34.3% +49.6% +49.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 29,079 2,026 2,236 1,731 71.0 23 Apr 12, 2024 J-GAAP
Feb, 2025 30,389 2,186 2,281 1,485 65.2 26 Apr 14, 2025 J-GAAP
Feb, 2026 Guidance 32,500 2,500 2,600 1,700 74.6 28 Apr 14, 2025 J-GAAP
YoY +6.9% +14.4% +14.0% +14.5% +14.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 7,273 457 514 330 14.5 6.3 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 8,079 822 744 450 19.7 10.2 Apr 14, 2025 J-GAAP
Mar - May, 2025 7,751 593 599 389 17.1 7.7 Jul 14, 2025 J-GAAP
Jun - Aug, 2025 7,593 265 311 144 6.3 3.5 Oct 14, 2025 J-GAAP
Sep - Nov, 2025 7,406 167 207 155 6.8 2.3 Jan 14, 2026 J-GAAP
YoY +1.8% -63.5% -59.7% -53.0% -53.0%

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