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H2O RETAILING, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 12%

Wed Feb 4, 2026 2:00 pm JST Earnings

8242 H2O RETAILING CORPORATION 【J-GAAP】

Earnings Report

H2O RETAILING CORPORATION <8242> [TSE Prime] announced its financial results in the afternoon session on February 4th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 11.5% from the same period last year to 26.5 billion yen. However, Progress toward the full-year plan of 31.0 billion yen was 85.5%, almost the same as the five-year average of 86.1%.

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 decrease 24.5% from the same period last year to 4.48 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 14.1 billion yen, an increase of 0.5% compared to the same period last year. However, the operating profit margin remained almost flat, changing from 7.6% in the same period last year to 7.3%.

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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 495,464 22,184 23,919 17,772 153.9 85.8 Feb 2, 2024 J-GAAP
Apr - Dec, 2024 514,887 28,902 29,973 37,491 320.9 83.5 Feb 5, 2025 J-GAAP
Apr - Dec, 2025 515,864 25,266 26,519 28,979 244.4 85.5 Feb 4, 2026 J-GAAP
YoY +0.2% -12.6% -11.5% -22.7% -23.8%

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 350,505 19,832 19,975 7,753 65.8 22 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 355,976 18,145 18,587 17,091 148.7 22 Oct 31, 2025 J-GAAP
YoY +1.6% -8.5% -6.9% +120.4% +126.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 657,400 26,188 27,875 21,905 189.8 28 May 15, 2024 J-GAAP
Mar, 2025 681,759 34,830 35,909 34,842 295.5 42 May 13, 2025 J-GAAP
Mar, 2026 Guidance 689,000 30,000 31,000 24,000 208.8 44 Oct 31, 2025 J-GAAP
YoY +1.1% -13.9% -13.7% -31.1% -29.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 183,633 13,904 14,039 10,402 89.0 7.6 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 166,872 5,928 5,936 -2,649 -22.5 3.6 May 13, 2025 J-GAAP
Apr - Jun, 2025 163,644 5,504 6,141 3,980 32.9 3.4 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 169,380 6,351 6,272 2,929 24.5 3.7 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 182,840 13,411 14,106 22,070 186.2 7.3 Feb 4, 2026 J-GAAP
YoY -0.4% -3.5% +0.5% +112.2% +109.1%

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