Business Engineering, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 7%, Raises Record High Profit Forecast, Dividend Revised Upward by 4 Yen

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Fri Feb 6, 2026 12:00 pm JST Earnings

4828 Business Engineering Corporation 【J-GAAP】

Earnings Report

Business Engineering Corporation <4828> [TSE Prime] announced its financial results at noon (12:00) on February 6th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 5.15 billion yen, an increase 40.4% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 6.7%, from the previous forecast of 6.00 billion yen to 6.40 billion yen (compared to 4.67 billion yen in the previous period), increasing the growth rate from 28.2% to 36.8%, further surpassing the previous forecast of record-high profits for ten consecutive terms.

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 15.3%, from the previous forecast of 2.60 billion yen to 3.00 billion yen (compared to 2.24 billion yen in the same period of the previous year), increasing the growth rate from 16.0% to 33.7%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 100 yen to 104 yen (compared to 100 yen before the 5-for-1 forward stock split in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 42.1% from the same period last year, reaching 1.76 billion yen. The operating profit margin rose from 24.1% in the same period last year to 28.1%.

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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	14,589	3,122	3,132	2,132	35.6	80.8	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	15,257	3,662	3,673	2,497	41.7	78.5	Feb 7, 2025	J-GAAP
Apr - Dec, 2025	18,579	5,137	5,158	3,699	61.8	80.6	Feb 6, 2026	J-GAAP
YoY	+21.8%	+40.3%	+40.4%	+48.1%	+48.2%

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	11,720	2,630	2,608	1,911	31.9	22	Nov 7, 2025	J-GAAP
Oct - Mar, 2025 New	12,020	3,030	3,008	2,311	38.6	26	Feb 6, 2026	J-GAAP
Revision Rate	+2.6%	+15.2%	+15.3%	+20.9%	+20.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	24,000	6,000	6,000	4,400	73.5	37.60	Nov 7, 2025	J-GAAP
Mar, 2026 New	24,300	6,400	6,400	4,800	80.2	41.60	Feb 6, 2026	J-GAAP
Revision Rate	+1.3%	+6.7%	+6.7%	+9.1%	+9.1%

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	10,684	2,259	2,249	1,672	27.9	11.60	May 13, 2025	J-GAAP
Oct - Mar, 2025 Guidance	12,020	3,030	3,008	2,311	38.6	26	Feb 6, 2026	J-GAAP
YoY	+12.5%	+34.1%	+33.7%	+38.2%	+38.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	19,493	3,885	3,877	2,625	43.8	15.60	May 10, 2024	J-GAAP
Mar, 2025	20,776	4,676	4,679	3,330	55.6	20	May 13, 2025	J-GAAP
Mar, 2026 Guidance	24,300	6,400	6,400	4,800	80.2	41.60	Feb 6, 2026	J-GAAP
YoY	+17.0%	+36.9%	+36.8%	+44.1%	+44.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	5,165	1,245	1,243	839	14.0	24.1	Feb 7, 2025	J-GAAP
Jan - Mar, 2025	5,519	1,014	1,006	833	13.9	18.4	May 13, 2025	J-GAAP
Apr - Jun, 2025	6,039	1,728	1,750	1,371	22.9	28.6	Aug 8, 2025	J-GAAP
Jul - Sep, 2025	6,241	1,642	1,642	1,118	18.7	26.3	Nov 7, 2025	J-GAAP
Oct - Dec, 2025	6,299	1,767	1,766	1,210	20.2	28.1	Feb 6, 2026	J-GAAP
YoY	+22.0%	+41.9%	+42.1%	+44.2%	+44.3%