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TAMAI STEAMSHIP, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 3.0 times, The Undecided Dividend Set at 80 Yen

Thu Feb 5, 2026 4:10 pm JST Earnings

9127 TAMAI STEAMSHIP CO., LTD. 【J-GAAP】

Earnings Report

TAMAI STEAMSHIP CO., LTD. <9127> [TSE Std] announced its financial results after the market closed on February 5th (16:10). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) significantly dropped 59.6% from the same period last year to 335 million yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 3.0 times, from the previous forecast of 180 million yen to 540 million yen (compared to 888 million yen in the previous period), and the declining rate is expected to decrease from 79.7% to 39.2%.

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 2.8 times, from the previous forecast of 203 million yen to 563 million yen (compared to 440 million yen in the same period of the previous year), turning to a 28.0% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has decided to implement a year-end lump-sum dividend of 80 yen for the current fiscal year, which was previously undecided (compared to 80 yen in the prior term).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 358 million yen, a 6.3% decrease compared to the same period last year. However, the operating profit margin rose from 17.6% in the same period last year to 22.2%.

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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 5,034 687 747 509 264.0 75.1 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 4,366 724 830 2,045 1,059.9 93.5 Feb 6, 2025 J-GAAP
Apr - Dec, 2025 3,830 355 335 224 116.2 62.0 Feb 5, 2026 J-GAAP
YoY -12.3% -51.0% -59.6% -89.0% -89.0%

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 2,527 206 203 97 50.3 － Nov 6, 2025 J-GAAP
Oct - Mar, 2025 New 2,627 516 563 307 159.1 80 Feb 5, 2026 J-GAAP
Revision Rate +4.0% +150.5% +177.3% +216.5% +216.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 5,000 260 180 100 51.8 － Nov 6, 2025 J-GAAP
Mar, 2026 New 5,100 570 540 310 160.6 80 Feb 5, 2026 J-GAAP
Revision Rate +2.0% +119.2% +200.0% +210.0% +210.0%

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 2,609 443 440 1,728 895.6 80 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 2,627 516 563 307 159.1 80 Feb 5, 2026 J-GAAP
YoY +0.7% +16.5% +28.0% -82.2% -82.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 6,219 870 995 731 379.0 80 May 15, 2024 J-GAAP
Mar, 2025 5,389 888 888 2,095 1,085.9 80 May 15, 2025 J-GAAP
Mar, 2026 Guidance 5,100 570 540 310 160.6 80 Feb 5, 2026 J-GAAP
YoY -5.4% -35.8% -39.2% -85.2% -85.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,586 279 382 1,678 869.7 17.6 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 1,023 164 58 50 25.9 16.0 May 15, 2025 J-GAAP
Apr - Jun, 2025 1,004 -121 -212 -145 -75.4 -12.1 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 1,469 175 189 148 77.0 11.9 Nov 6, 2025 J-GAAP
Oct - Dec, 2025 1,357 301 358 221 114.6 22.2 Feb 5, 2026 J-GAAP
YoY -14.4% +7.9% -6.3% -86.8% -86.8%

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