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Watahan &, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 1%

Fri Jan 30, 2026 5:00 pm JST Earnings

3199 Watahan & Co.,Ltd. 【J-GAAP】

Earnings Report

Watahan & Co.,Ltd. <3199> [TSE Prime] announced its financial results after the market closed on January 30th (17:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) was 3.17 billion yen, a 1.2% decrease compared to the same period last year. Progress toward the full-year plan of 4.00 billion yen was 79.5%, below the five-year average of 83.9%.

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 January to March period (4Q) is expected to expand 38.2% from the same period last year, reaching 0.82 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 7.1% from the same period last year, reaching 1.53 billion yen. The operating profit margin improved from 3.5% in the same period last year to 3.9%.

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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 96,144 2,180 2,485 1,522 76.5 76.8 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 100,967 2,995 3,217 2,146 107.6 84.4 Jan 30, 2025 J-GAAP
Apr - Dec, 2025 102,666 2,891 3,178 2,060 106.4 79.5 Jan 30, 2026 J-GAAP
YoY +1.7% -3.5% -1.2% -4.0% -1.2%

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 68,324 1,746 2,029 837 42.2 29 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 73,537 2,391 2,358 1,165 60.1 30 Oct 27, 2025 J-GAAP
YoY +7.6% +36.9% +16.2% +39.2% +42.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 128,072 2,822 3,237 1,854 93.1 23 May 10, 2024 J-GAAP
Mar, 2025 133,594 3,501 3,812 2,077 104.6 29 May 12, 2025 J-GAAP
Mar, 2026 Guidance 139,000 3,840 4,000 2,300 118.6 30 May 12, 2025 J-GAAP
YoY +4.0% +9.7% +4.9% +10.7% +13.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 35,697 1,240 1,434 906 45.4 3.5 Jan 30, 2025 J-GAAP
Jan - Mar, 2025 32,627 506 595 -69 -3.5 1.6 May 12, 2025 J-GAAP
Apr - Jun, 2025 32,416 683 813 645 33.3 2.1 Jul 24, 2025 J-GAAP
Jul - Sep, 2025 33,047 766 829 490 25.3 2.3 Oct 27, 2025 J-GAAP
Oct - Dec, 2025 37,203 1,442 1,536 925 47.8 3.9 Jan 30, 2026 J-GAAP
YoY +4.2% +16.3% +7.1% +2.1% +5.1%

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