Br.Holdings, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 20% Decrease, Second Half Dividend Postponed

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Wed Feb 4, 2026 6:00 pm JST Earnings

1726 Br.Holdings Corporation 【J-GAAP】

Earnings Report

Br.Holdings Corporation <1726> [TSE Prime] announced its financial results after the market closed on February 4th (18:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 13.5% from the same period last year to 1.10 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 21.1%, from the previous forecast of 1.90 billion yen to 1.50 billion yen (compared to 1.88 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 20.2% decrease in profit. However, the full-year forecast for consolidated net income has been revised upward 67.7%, from the previous forecast of 1.30 billion yen to 2.18 billion yen (compared to 1.26 billion yen in the previous period), increasing the growth rate from 2.5% to 71.9%, reaches new record high for the first time in five terms.

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 26.1%, from the previous forecast of 1.53 billion yen to 1.13 billion yen (compared to 1.26 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 10.4% decrease in profit.

At the same time, In conjunction with a Tender Offer Bid (TOB), the company has decided to forgo the the second half of 8 yen for the current fiscal year.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 11.8% from the same period last year, reaching 0.73 billion yen. The operating profit margin improved from 6.4% in the same period last year to 8.6%.

Kabutan News

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	30,314	1,560	1,529	970	21.3	75.1	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	30,611	1,301	1,272	816	18.2	67.7	Feb 7, 2025	J-GAAP
Apr - Dec, 2025	26,905	1,211	1,100	751	16.7	73.3	Feb 4, 2026	J-GAAP
YoY	-12.1%	-6.9%	-13.5%	-8.0%	-8.5%

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	22,823	1,541	1,532	1,062	23.5	8	Nov 7, 2025	J-GAAP
Oct - Mar, 2025 New	18,823	1,191	1,132	1,942	42.9	0	Feb 4, 2026	J-GAAP
Revision Rate	-17.5%	-22.7%	-26.1%	+82.9%	+82.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	41,000	2,000	1,900	1,300	28.7	16	May 14, 2025	J-GAAP
Mar, 2026 New	37,000	1,650	1,500	2,180	48.2	8	Feb 4, 2026	J-GAAP
Revision Rate	-9.8%	-17.5%	-21.1%	+67.7%	+67.7%

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	20,786	1,328	1,263	903	20.2	7.50	May 14, 2025	J-GAAP
Oct - Mar, 2025 Guidance	18,823	1,191	1,132	1,942	42.9	0	Feb 4, 2026	J-GAAP
YoY	-9.4%	-10.3%	-10.4%	+115.1%	+112.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	40,259	2,062	2,036	1,353	29.8	14	May 10, 2024	J-GAAP
Mar, 2025	40,770	1,953	1,880	1,268	28.3	15	May 14, 2025	J-GAAP
Mar, 2026 Guidance	37,000	1,650	1,500	2,180	48.2	8	Feb 4, 2026	J-GAAP
YoY	-9.2%	-15.5%	-20.2%	+71.9%	+70.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	10,627	676	655	451	10.1	6.4	Feb 7, 2025	J-GAAP
Jan - Mar, 2025	10,159	652	608	452	10.1	6.4	May 14, 2025	J-GAAP
Apr - Jun, 2025	8,296	220	160	113	2.5	2.7	Aug 8, 2025	J-GAAP
Jul - Sep, 2025	9,881	239	208	125	2.8	2.4	Nov 7, 2025	J-GAAP
Oct - Dec, 2025	8,728	752	732	513	11.4	8.6	Feb 4, 2026	J-GAAP
YoY	-17.9%	+11.2%	+11.8%	+13.7%	+13.1%