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TBS HOLDINGS, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 13%, Exceeds Full-Year Plan

Thu Feb 5, 2026 4:30 pm JST Earnings

9401 TBS HOLDINGS, INC. 【J-GAAP】

Earnings Report

TBS HOLDINGS, INC. <9401> [TSE Prime] announced its financial results after the market closed on February 5th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 12.8% from the same period last year, reaching 38.5 billion yen. Progress toward the full-year plan of 37.0 billion yen is 104.1%, almost the same as the five-year average of 105.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to further decrease loss of 1.52 billion yen (compared to a loss of 2.54 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 15.6 billion yen, an increase of 0.9% compared to the same period last year. However, the operating profit margin worsened from 8.9% in the same period last year to 8.5%.

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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 295,465 17,041 28,742 38,319 232.6 103.9 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 302,934 22,135 34,152 43,740 271.3 108.1 Feb 6, 2025 J-GAAP
Apr - Dec, 2025 319,284 24,633 38,523 55,711 352.9 104.1 Feb 5, 2026 J-GAAP
YoY +5.4% +11.3% +12.8% +27.4% +30.1%

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 208,908 6,664 12,952 10,336 64.3 41 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 220,342 8,608 14,115 7,097 45.3 38 Nov 11, 2025 J-GAAP
YoY +5.5% +29.2% +9.0% -31.3% -29.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 394,309 15,175 27,653 38,126 232.3 44 May 14, 2024 J-GAAP
Mar, 2025 406,700 19,465 31,604 43,914 273.0 68 May 14, 2025 J-GAAP
Mar, 2026 Guidance 431,000 24,000 37,000 52,500 334.8 73 Nov 11, 2025 J-GAAP
YoY +6.0% +23.3% +17.1% +19.6% +22.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 105,142 9,334 15,500 10,162 63.0 8.9 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 103,766 -2,670 -2,548 174 1.1 -2.6 May 14, 2025 J-GAAP
Apr - Jun, 2025 100,633 8,113 15,819 17,704 110.8 8.1 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 110,025 7,279 7,066 27,699 174.9 6.6 Nov 11, 2025 J-GAAP
Oct - Dec, 2025 108,626 9,241 15,638 10,308 65.3 8.5 Feb 5, 2026 J-GAAP
YoY +3.3% -1.0% +0.9% +1.4% +3.6%

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