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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%.

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
4,641M 68M 57M 7M -2.3 150.0 Jan 12, 2024 J-GAAP
Mar - Nov, 2024
4,812M 47M 25M 11M -1.2 28.7 Jan 10, 2025 J-GAAP
Mar - Nov, 2025
4,865M 1M -25M -113M -27.7 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 3,497M 93M 81M 65M 13.1 Oct 15, 2025 J-GAAP
Sep - Feb, 2025 New 3,134M -87M -106M 0M 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 6,816M 150M 122M 73M 14.7 Apr 11, 2025 J-GAAP
Feb, 2026 New 6,453M -30M -65M 8M 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
3,253M 78M 63M 38M 5.8 0 Apr 11, 2025 J-GAAP
Guidance
Sep - Feb, 2025
3,134M -87M -106M 0M 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
6,168M 52M 38M -91M -30.7 0 Apr 12, 2024 J-GAAP
Feb, 2025
6,492M 115M 87M 59M 8.9 0 Apr 11, 2025 J-GAAP
Guidance
Feb, 2026
6,453M -30M -65M 8M 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
1,573M 10M 1M -10M -3.7 0.6 Jan 10, 2025 J-GAAP
Dec - Feb, 2024
1,680M 68M 62M 48M 7.3 4.0 Apr 11, 2025 J-GAAP
Mar - May, 2025
1,744M 94M 82M 64M 12.9 5.4 Jul 15, 2025 J-GAAP
Jun - Aug, 2025
1,575M -37M -41M -56M -13.6 -2.3 Oct 15, 2025 J-GAAP
Sep - Nov, 2025
1,546M -56M -66M -121M -29.7 -3.6 Jan 14, 2026 J-GAAP
YoY -1.7% -1,110.0% -699.5%