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Forum Engineering, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 11%

Thu Feb 5, 2026 3:30 pm JST Earnings

7088 Forum Engineering Inc. 【J-GAAP】

Earnings Report

Forum Engineering Inc. <7088> [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) increased 4.0% from the same period last year, reaching 3.61 billion yen.

However, the full-year forecast for consolidated ordinary profit has decreased 11.1%, from the previous forecast of 5.03 billion yen to 4.47 billion yen (compared to 4.28 billion yen in the previous period), leading to a reduction in the profit growth rate from 17.5% to 4.5%.

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 21.8%, from the previous forecast of 2.56 billion yen to 2.00 billion yen (compared to 2.21 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 9.6% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.14 billion yen, an 18.7% decrease compared to the same period last year. However, the operating profit margin rose from 15.3% in the same period last year to 16.1%.

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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 23,492 2,422 2,428 1,632 31.6 80.5 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 26,052 3,417 3,479 2,330 44.5 81.2 Feb 7, 2025 J-GAAP
Apr - Dec, 2025 28,155 3,979 3,617 2,417 45.9 80.8 Feb 5, 2026 J-GAAP
YoY +8.1% +16.4% +4.0% +3.7% +3.0%

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 19,720 2,574 2,567 1,737 32.7 0 Nov 10, 2025 J-GAAP
Oct - Mar, 2025 New 19,200 2,574 2,007 1,327 25.0 0 Feb 5, 2026 J-GAAP
Revision Rate -2.6% 0.0% -21.8% -23.6% -23.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 38,200 5,000 5,035 3,400 64.0 0 Nov 10, 2025 J-GAAP
Mar, 2026 New 37,680 5,000 4,475 2,990 56.3 0 Feb 5, 2026 J-GAAP
Revision Rate -1.4% 0.0% -11.1% -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
Oct - Mar, 2024 17,733 2,173 2,219 1,506 28.8 32 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 19,200 2,574 2,007 1,327 25.0 0 Feb 5, 2026 J-GAAP
YoY +8.3% +18.5% -9.6% -11.9% -13.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 31,279 3,029 3,017 2,039 39.4 37.50 May 14, 2024 J-GAAP
Mar, 2025 34,688 4,201 4,284 2,884 55.1 53 May 14, 2025 J-GAAP
Mar, 2026 Guidance 37,680 5,000 4,475 2,990 56.3 0 Feb 5, 2026 J-GAAP
YoY +8.6% +19.0% +4.5% +3.7% +2.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 9,097 1,389 1,414 952 18.2 15.3 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 8,636 784 805 554 10.6 9.1 May 14, 2025 J-GAAP
Apr - Jun, 2025 9,228 1,185 1,203 810 15.4 12.8 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 9,252 1,241 1,265 853 16.2 13.4 Nov 10, 2025 J-GAAP
Oct - Dec, 2025 9,675 1,553 1,149 754 14.3 16.1 Feb 5, 2026 J-GAAP
YoY +6.4% +11.8% -18.7% -20.8% -21.3%

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