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GUNZE LIMITED, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 23% Decrease

Thu Feb 5, 2026 3:30 pm JST Earnings

3002 GUNZE LIMITED 【J-GAAP】

Earnings Report

GUNZE LIMITED <3002> [TSE Prime] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 13.4% from the same period last year to 5.63 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 24.1%, from the previous forecast of 8.30 billion yen to 6.30 billion yen (compared to 8.18 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 23.0% decrease in profit.

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 39.3%, from the previous forecast of 5.09 billion yen to 3.09 billion yen (compared to 4.51 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 31.4% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 2.43 billion yen, a 14.3% decrease compared to the same period last year. The operating profit margin worsened from 7.9% in the same period last year to 7.1%.

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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 101,450 6,168 6,085 3,985 117.0 89.8 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 102,916 6,377 6,508 4,441 133.5 79.6 Feb 6, 2025 J-GAAP
Apr - Dec, 2025 99,843 5,641 5,639 1,324 40.9 89.5 Feb 5, 2026 J-GAAP
YoY -3.0% -11.5% -13.4% -70.2% -69.4%

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 74,730 5,314 5,095 3,458 109.0 216 Nov 5, 2025 J-GAAP
Oct - Mar, 2025 New 67,730 3,214 3,095 2,258 71.2 216 Feb 5, 2026 J-GAAP
Revision Rate -9.4% -39.5% -39.3% -34.7% -34.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 140,000 8,500 8,300 2,800 88.3 216 May 14, 2025 J-GAAP
Mar, 2026 New 133,000 6,400 6,300 1,600 50.4 216 Feb 5, 2026 J-GAAP
Revision Rate -5.0% -24.7% -24.1% -42.9% -42.9%

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 69,788 4,355 4,513 3,323 100.4 195 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 67,730 3,214 3,095 2,258 71.2 216 Feb 5, 2026 J-GAAP
YoY -2.9% -26.2% -31.4% -32.0% -29.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 132,885 6,777 6,774 5,109 150.6 76.50 May 14, 2024 J-GAAP
Mar, 2025 137,117 7,921 8,180 6,279 189.7 195 May 14, 2025 J-GAAP
Mar, 2026 Guidance 133,000 6,400 6,300 1,600 50.4 216 Feb 5, 2026 J-GAAP
YoY -3.0% -19.2% -23.0% -74.5% -73.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 35,587 2,811 2,841 1,485 44.6 7.9 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 34,201 1,544 1,672 1,838 55.5 4.5 May 14, 2025 J-GAAP
Apr - Jun, 2025 32,240 1,806 1,838 -1,473 -45.4 5.6 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 33,030 1,380 1,367 815 25.1 4.2 Nov 5, 2025 J-GAAP
Oct - Dec, 2025 34,573 2,455 2,434 1,982 61.2 7.1 Feb 5, 2026 J-GAAP
YoY -2.8% -12.7% -14.3% +33.5% +37.0%

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