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UNITED&COLLECTIVE, Net Income Forecast for the Fiscal Year Revised Downward to an Unexpected 86% Decrease

Wed Jan 14, 2026 5:00 pm JST Earnings

3557 UNITED&COLLECTIVE CO.LTD. 【J-GAAP】

Earnings Report

UNITED&COLLECTIVE CO.LTD. <3557> [TSE Growth] announced its financial results after the market closed on January 14th (17:00). The net income/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2026 (March to November) turned into a loss of 113 million yen (compared to a profit of 11 million yen in the same period last year).

In addition, the full-year forecast for net income has decreased 89.0%, from the previous forecast of 73 million yen to 8 million yen (compared to 59 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of an 86.4% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the net income for the September to February period (second half) has decreased break even, from the previous forecast of 65 million yen to a break even (compared to 38 million yen in the same period of the previous year).

At the same time, the year-end lump-sum dividend remains undecided.

In the most recent three-month period, from September to November (3Q), the net loss expanded to a loss of 121 million yen (compared to a loss of 10 million yen in the same period last year). The operating profit/loss margin drastically worsened from 0.6% in the same period last year to -3.6%.

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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 4,641 68 57 7 -2.3 150.0 Jan 12, 2024 J-GAAP
Mar - Nov, 2024 4,812 47 25 11 -1.2 28.7 Jan 10, 2025 J-GAAP
Mar - Nov, 2025 4,865 1 -25 -113 -27.7 ー Jan 14, 2026 J-GAAP
YoY +1.1% -97.9% － － -2,308.7%

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 3,497 93 81 65 13.1 － Oct 15, 2025 J-GAAP
Sep - Feb, 2025 New 3,134 -87 -106 0 0.0 － Jan 14, 2026 J-GAAP
Revision Rate -10.4% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Prev 6,816 150 122 73 14.7 － Apr 11, 2025 J-GAAP
Feb, 2026 New 6,453 -30 -65 8 1.6 － Jan 14, 2026 J-GAAP
Revision Rate -5.3% － － -89.0% -89.1%

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 3,253 78 63 38 5.8 0 Apr 11, 2025 J-GAAP
Sep - Feb, 2025 Guidance 3,134 -87 -106 0 0.0 － Jan 14, 2026 J-GAAP
YoY -3.7% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 6,168 52 38 -91 -30.7 0 Apr 12, 2024 J-GAAP
Feb, 2025 6,492 115 87 59 8.9 0 Apr 11, 2025 J-GAAP
Feb, 2026 Guidance 6,453 -30 -65 8 1.6 － Jan 14, 2026 J-GAAP
YoY -0.6% － － -86.4% -82.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 1,573 10 1 -10 -3.7 0.6 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 1,680 68 62 48 7.3 4.0 Apr 11, 2025 J-GAAP
Mar - May, 2025 1,744 94 82 64 12.9 5.4 Jul 15, 2025 J-GAAP
Jun - Aug, 2025 1,575 -37 -41 -56 -13.6 -2.3 Oct 15, 2025 J-GAAP
Sep - Nov, 2025 1,546 -56 -66 -121 -29.7 -3.6 Jan 14, 2026 J-GAAP
YoY -1.7% － － -1,110.0% -699.5%

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