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TOHO, Sep-Nov (3Q) Ordinary Profit Increases by 59%, Current Fiscal Year Dividend Revised Upward by 20 Yen

Wed Jan 14, 2026 3:30 pm JST Earnings

9602 TOHO CO., LTD. 【J-GAAP】

Earnings Report

TOHO CO., LTD. <9602> [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) increased 18.1% from the same period last year, reaching 60.8 billion yen. Progress toward the full-year plan of 65.5 billion yen was 92.9%, also surpassing the five-year average of 76.2%.

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 significant drop 64.2% from the same period last year to 4.62 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 85 yen to 105 yen (compared to 85 yen in the previous period).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit increased 58.8% from the same period last year, reaching 18.6 billion yen. The operating profit margin rose from 16.9% in the same period last year to 21.1%.

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 		203,100M 41,610M 44,182M 28,402M 32.5 70.1 Jan 15, 2024 J-GAAP
Mar - Nov, 2024 		234,169M 52,801M 51,552M 34,141M 40.1 80.0 Jan 14, 2025 J-GAAP
Mar - Nov, 2025 		281,366M 60,092M 60,880M 46,587M 55.0 92.9 Jan 14, 2026 J-GAAP
YoY +20.2% +13.8% +18.1% +36.5% +37.1%

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 168,323M 23,854M 23,308M 14,050M 16.7 8.50 Oct 15, 2025 J-GAAP
Sep - Feb, 2025 New 168,323M 23,854M 23,308M 14,050M 16.7 12.50 Jan 14, 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 360,000M 65,000M 65,500M 47,500M 56.6 17 Oct 15, 2025 J-GAAP
Feb, 2026 New 360,000M 65,000M 65,500M 47,500M 56.6 21 Jan 14, 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 		149,490M 23,769M 24,674M 16,872M 19.8 10 Apr 14, 2025 J-GAAP
Guidance
Sep - Feb, 2025 		168,323M 23,854M 23,308M 14,050M 16.7 12.50 Jan 14, 2026 J-GAAP
YoY +12.6% +0.4% -5.5% -16.7% -15.6%
Current Period Guidance
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj.
Dividend		 Announce Accounting
Standards
Feb, 2024 		283,347M 59,251M 63,024M 45,283M 51.9 17 Apr 15, 2024 J-GAAP
Feb, 2025 		313,171M 64,684M 64,455M 43,357M 51.0 17 Apr 14, 2025 J-GAAP
Guidance
Feb, 2026 		360,000M 65,000M 65,500M 47,500M 56.6 21 Jan 14, 2026 J-GAAP
YoY +15.0% +0.5% +1.6% +9.6% +11.1%

Quarterly Results

Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Operating
Profit Margin		 Announce Accounting
Standards
Sep - Nov, 2024 		70,488M 11,886M 11,771M 7,656M 9.0 16.9 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 		79,002M 11,883M 12,903M 9,216M 10.8 15.0 Apr 14, 2025 J-GAAP
Mar - May, 2025 		84,878M 19,339M 18,929M 11,565M 13.6 22.8 Jul 15, 2025 J-GAAP
Jun - Aug, 2025 		106,799M 21,807M 23,263M 21,885M 25.8 20.4 Oct 15, 2025 J-GAAP
Sep - Nov, 2025 		89,689M 18,946M 18,688M 13,137M 15.5 21.1 Jan 14, 2026 J-GAAP
YoY +27.2% +59.4% +58.8% +71.6% +72.4%

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