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ADJUVANT, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 35%, Exceeds Full-Year Plan

Fri Jan 16, 2026 3:30 pm JST Earnings

4929 ADJUVANT HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

ADJUVANT HOLDINGS CO.,LTD. <4929> [TSE Std] announced its financial results after the market closed on January 16th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 278 million yen, an increase 35.0% compared to the same period last year. Progress toward the full-year plan of 127 million yen is 218.9%, already exceeding the target and also exceeding the same period of the previous year of 152.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to expand to a loss of 151 million yen (compared to a loss of 71 million yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 94.0% from the same period last year, reaching 293 million yen. The operating profit margin jumped from 12.2% in the same period last year to 22.4%.

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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
Apr - Dec, 2023 3,500 94 101 -16 -2.1 594.1 Jan 19, 2024 J-GAAP
Apr - Dec, 2024 3,250 198 206 106 13.3 152.6 Jan 17, 2025 J-GAAP
Apr - Dec, 2025 3,121 263 278 201 25.2 218.9 Jan 16, 2026 J-GAAP
YoY -4.0% +32.8% +35.0% +89.6% +89.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 2,019 71 80 22 2.8 12 Apr 18, 2025 J-GAAP
Oct - Mar, 2025 Guidance 2,510 147 142 58 7.3 12 Oct 17, 2025 J-GAAP
YoY +24.3% +107.0% +77.5% +163.6% +159.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 4,438 -1 17 -99 -12.5 12 Apr 19, 2024 J-GAAP
Mar, 2025 4,098 126 135 40 5.1 12 Apr 18, 2025 J-GAAP
Mar, 2026 Guidance 4,365 126 127 73 9.1 12 Apr 18, 2025 J-GAAP
YoY +6.5% 0.0% -5.9% +82.5% +79.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,171 143 151 88 11.0 12.2 Jan 17, 2025 J-GAAP
Jan - Mar, 2025 848 -72 -71 -66 -8.4 -8.5 Apr 18, 2025 J-GAAP
Apr - Jun, 2025 958 -10 -12 11 1.4 -1.0 Jul 18, 2025 J-GAAP
Jul - Sep, 2025 897 -11 -3 4 0.5 -1.2 Oct 17, 2025 J-GAAP
Oct - Dec, 2025 1,266 284 293 186 23.3 22.4 Jan 16, 2026 J-GAAP
YoY +8.1% +98.6% +94.0% +111.4% +111.3%

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