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JOYFUL HONDA, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 11%

Mon Feb 2, 2026 3:00 pm JST Earnings

3191 JOYFUL HONDA CO.,LTD. 【J-GAAP】

Earnings Report

JOYFUL HONDA CO.,LTD. <3191> [TSE Prime] announced its financial results in the afternoon session on February 2nd (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2026 (July to December) decreased 9.0% from the previous period non-consolidated to 5.86 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 10.7%, from the previous non-consolidated estimate of 11.2 billion yen to 10.0 billion yen. However, the full-year forecast for consolidated net income has been revised upward 12.1%, from the previous non-consolidated estimate of 7.85 billion yen to 8.80 billion yen.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (second half) is expected to decrease 23.9% from the previous period non-consolidated to 4.13 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit decreased to 2.86 billion yen, an 8.8% decrease compared to the same period last year. The operating profit margin worsened from 8.8% in the same period last year to 8.0%.

Note: Since the second quarter of the current fiscal year, the company has transitioned to consolidated financial statements.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jul - Dec, 2023 63,332 5,527 6,089 4,180 66.6 52.3 Feb 2, 2024 J-GAAP
Jul - Dec, 2024 65,064 5,889 6,446 4,393 70.7 54.3 Jan 31, 2025 J-GAAP
Jul - Dec, 2025 64,147 5,266 5,867 5,959 98.9 58.7 Feb 2, 2026 J-GAAP
YoY -1.4% -10.6% -9.0% +35.6% +40.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Guidance 66,700 5,150 5,720 4,080 67.7 42 Aug 1, 2025 J-GAAP
Jul - Dec, 2025 Results 64,147 5,266 5,867 5,959 98.9 42 Feb 2, 2026 J-GAAP
Revision Rate -3.8% +2.3% +2.6% +46.1% +46.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2026 Prev 133,000 10,000 11,200 7,850 130.2 84 Aug 1, 2025 J-GAAP
Jun, 2026 New 131,000 8,800 10,000 8,800 146.0 84 Feb 2, 2026 J-GAAP
Revision Rate -1.5% -12.0% -10.7% +12.1% +12.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 63,916 4,859 5,432 3,934 63.9 32 Aug 1, 2025 J-GAAP
Jan - Jun, 2026 Guidance 66,853 3,534 4,133 2,841 47.1 42 Feb 2, 2026 J-GAAP
YoY +4.6% -27.3% -23.9% -27.8% -26.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2024 126,894 10,568 11,645 9,091 145.9 50 Aug 2, 2024 J-GAAP
Jun, 2025 128,980 10,748 11,878 8,327 135.2 64 Aug 1, 2025 J-GAAP
Jun, 2026 Guidance 131,000 8,800 10,000 8,800 146.0 84 Feb 2, 2026 J-GAAP
YoY +1.6% -18.1% -15.8% +5.7% +8.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 32,481 2,855 3,135 2,167 34.9 8.8 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 30,357 2,474 2,742 1,844 29.8 8.1 May 2, 2025 J-GAAP
Apr - Jun, 2025 33,559 2,385 2,690 2,090 33.9 7.1 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 32,102 2,708 3,007 2,073 34.4 8.4 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 32,045 2,558 2,860 3,886 64.5 8.0 Feb 2, 2026 J-GAAP
YoY -1.3% -10.4% -8.8% +79.3% +85.0%

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