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TAIYO HOLDINGS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 10%, Raises Record High Profit Forecast
4626 TAIYO HOLDINGS CO.,LTD. 【J-GAAP】
Earnings ReportTAIYO HOLDINGS CO.,LTD. <4626> [TSE Prime] announced its financial results at noon (12:00) on February 4th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 24.2 billion yen, an increase 36.5% compared to the same period last year.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 9.8%, from the previous forecast of 26.5 billion yen to 29.1 billion yen (compared to 21.5 billion yen in the previous period), increasing the growth rate from 22.8% to 34.9%, further surpassing the previous forecast of record-high profits for two consecutive terms.
Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 22.8%, from the previous forecast of 11.4 billion yen to 14.0 billion yen (compared to 9.15 billion yen in the same period of the previous year), increasing the growth rate from 24.7% to 53.1%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 71.6% from the same period last year, reaching 9.14 billion yen. The operating profit margin jumped from 18.2% in the same period last year to 26.1%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 78,040 | 14,256 | 13,771 | 10,196 | 91.3 | 79.6 | Feb 2, 2024 | J-GAAP |
| Apr - Dec, 2024 | 90,682 | 18,020 | 17,746 | 12,965 | 116.0 | 82.2 | Feb 5, 2025 | J-GAAP |
| Apr - Dec, 2025 | 103,742 | 24,571 | 24,219 | 17,447 | 156.9 | 83.2 | Feb 4, 2026 | J-GAAP |
| YoY | +14.4% | +36.4% | +36.5% | +34.6% | +35.3% |
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 | 60,970 | 11,713 | 11,422 | 7,378 | 66.3 | 72.50 | Nov 6, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 65,170 | 14,413 | 14,022 | 9,078 | 81.6 | 72.50 | Feb 4, 2026 | J-GAAP |
| Revision Rate | +6.9% | +23.1% | +22.8% | +23.0% | +23.1% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 128,800 | 26,900 | 26,500 | 18,400 | 165.4 | 155 | Nov 6, 2025 | J-GAAP |
| Mar, 2026 New | 133,000 | 29,600 | 29,100 | 20,100 | 180.8 | 155 | Feb 4, 2026 | J-GAAP |
| Revision Rate | +3.3% | +10.0% | +9.8% | +9.2% | +9.3% |
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 | 59,111 | 9,637 | 9,159 | 1,571 | 14.1 | 75 | Apr 30, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 65,170 | 14,413 | 14,022 | 9,078 | 81.6 | 72.50 | Feb 4, 2026 | J-GAAP |
| YoY | +10.3% | +49.6% | +53.1% | +477.8% | +479.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 104,775 | 18,203 | 17,310 | 8,654 | 77.5 | 40 | May 1, 2024 | J-GAAP |
| Mar, 2025 | 119,010 | 22,067 | 21,577 | 10,780 | 96.6 | 95 | Apr 30, 2025 | J-GAAP |
| Mar, 2026 Guidance | 133,000 | 29,600 | 29,100 | 20,100 | 180.8 | 155 | Feb 4, 2026 | J-GAAP |
| YoY | +11.8% | +34.1% | +34.9% | +86.5% | +87.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 30,783 | 5,590 | 5,328 | 3,756 | 33.6 | 18.2 | Feb 5, 2025 | J-GAAP |
| Jan - Mar, 2025 | 28,328 | 4,047 | 3,831 | -2,185 | -19.6 | 14.3 | Apr 30, 2025 | J-GAAP |
| Apr - Jun, 2025 | 33,179 | 7,055 | 6,657 | 4,636 | 41.8 | 21.3 | Aug 1, 2025 | J-GAAP |
| Jul - Sep, 2025 | 34,651 | 8,132 | 8,421 | 6,386 | 57.5 | 23.5 | Nov 6, 2025 | J-GAAP |
| Oct - Dec, 2025 | 35,912 | 9,384 | 9,141 | 6,425 | 57.8 | 26.1 | Feb 4, 2026 | J-GAAP |
| YoY | +16.7% | +67.9% | +71.6% | +71.1% | +71.9% |
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