PEGASUS, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 36% Decrease, The Undecided Dividend Raised by 17 Yen

Fri Jan 30, 2026 3:00 pm JST

PEGASUS CO., LTD. <6262> [TSE Std] announced its financial results in the afternoon session on January 30th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 27.2% from the same period last year to 1.04 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 57.6%, from the previous forecast of 2.36 billion yen to 1.00 billion yen (compared to 1.55 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 35.7% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 80.1%, from the previous forecast of 1.69 billion yen to 0.33 billion yen (compared to 0.98 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 65.8% decrease in profit.

At the same time, the company has decided to implement a annual dividend of 30 yen for the current fiscal year, which was previously undecided (compared to 13 yen in the prior term).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.38 billion yen, a 55.8% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.8% in the same period last year to 4.4%.

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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	13,014	100	333	-129	-5.2	65.0	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	16,031	1,274	1,436	990	39.9	92.3	Jan 31, 2025	J-GAAP
Apr - Dec, 2025	16,507	893	1,046	628	25.5	104.6	Jan 30, 2026	J-GAAP
YoY	+3.0%	-29.9%	-27.2%	-36.6%	-36.1%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2025 Prev	14,591	1,791	1,698	1,146	47.9	－	Oct 31, 2025	J-GAAP
Oct - Mar, 2025 New	10,231	211	338	26	1.1	20	Jan 30, 2026	J-GAAP
Revision Rate	-29.9%	-88.2%	-80.1%	-97.7%	-97.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	26,000	2,460	2,360	1,560	65.2	－	May 13, 2025	J-GAAP
Mar, 2026 New	21,640	880	1,000	440	18.4	30	Jan 30, 2026	J-GAAP
Revision Rate	-16.8%	-64.2%	-57.6%	-71.8%	-71.8%

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	11,573	789	988	727	29.3	8	May 13, 2025	J-GAAP
Oct - Mar, 2025 Guidance	10,231	211	338	26	1.1	20	Jan 30, 2026	J-GAAP
YoY	-11.6%	-73.3%	-65.8%	-96.4%	-96.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	17,542	38	512	-72	-2.9	5	May 13, 2024	J-GAAP
Mar, 2025	22,040	1,573	1,555	964	38.9	13	May 13, 2025	J-GAAP
Mar, 2026 Guidance	21,640	880	1,000	440	18.4	30	Jan 30, 2026	J-GAAP
YoY	-1.8%	-44.1%	-35.7%	-54.4%	-52.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	5,564	490	869	753	30.4	8.8	Jan 31, 2025	J-GAAP
Jan - Mar, 2025	6,009	299	119	-26	-1.1	5.0	May 13, 2025	J-GAAP
Apr - Jun, 2025	6,167	551	469	368	14.9	8.9	Jul 31, 2025	J-GAAP
Jul - Sep, 2025	5,242	118	193	46	1.9	2.3	Oct 31, 2025	J-GAAP
Oct - Dec, 2025	5,098	224	384	214	8.7	4.4	Jan 30, 2026	J-GAAP
YoY	-8.4%	-54.3%	-55.8%	-71.6%	-71.4%