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TSUTSUMI JEWELRY, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 56%

Fri Feb 6, 2026 2:00 pm JST Earnings

7937 TSUTSUMI JEWELRY CO.,LTD. 【J-GAAP】

Earnings Report

TSUTSUMI JEWELRY CO.,LTD. <7937> [TSE Std] announced its financial results in the afternoon session on February 6th (14:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 3.33 billion yen, an increase 82.3% compared to the same period last year.

In addition, the full-year forecast for ordinary profit has been revised upward 55.6%, from the previous forecast of 2.70 billion yen to 4.20 billion yen (compared to 2.50 billion yen in the previous period), increasing the growth rate from 7.6% to 67.4%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (second half) is expected to increase 2.0 times, from the previous forecast of 1.47 billion yen to 2.97 billion yen (compared to 1.48 billion yen in the same period of the previous year), turning to a 2.0 times increase in the ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the ordinary profit surged 2.6 times that of the same period last year, reaching 2.10 billion yen. The operating profit margin jumped from 11.3% in the same period last year to 17.9%.

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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 14,534 1,156 1,207 819 52.4 69.4 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 18,197 1,760 1,827 1,551 99.3 72.8 Feb 7, 2025 J-GAAP
Apr - Dec, 2025 25,207 3,219 3,330 2,194 140.4 79.3 Feb 6, 2026 J-GAAP
YoY +38.5% +82.9% +82.3% +41.5% +41.4%

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 16,333 1,351 1,477 982 62.8 45 Nov 7, 2025 J-GAAP
Oct - Mar, 2025 New 19,333 2,901 2,977 1,962 125.6 45 Feb 6, 2026 J-GAAP
Revision Rate +18.4% +114.7% +101.6% +99.8% +99.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 30,000 2,500 2,700 1,750 112.0 90 Nov 7, 2025 J-GAAP
Mar, 2026 New 33,000 4,050 4,200 2,730 174.7 90 Feb 6, 2026 J-GAAP
Revision Rate +10.0% +62.0% +55.6% +56.0% +56.0%

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 13,518 1,428 1,485 946 60.6 45 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 19,333 2,901 2,977 1,962 125.6 45 Feb 6, 2026 J-GAAP
YoY +43.0% +103.2% +100.5% +107.4% +107.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 19,907 1,671 1,738 1,155 74.0 60 May 9, 2024 J-GAAP
Mar, 2025 24,835 2,410 2,509 1,986 127.1 80 May 9, 2025 J-GAAP
Mar, 2026 Guidance 33,000 4,050 4,200 2,730 174.7 90 Feb 6, 2026 J-GAAP
YoY +32.9% +68.0% +67.4% +37.5% +37.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 6,880 778 803 511 32.7 11.3 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 6,638 650 682 435 27.9 9.8 May 9, 2025 J-GAAP
Apr - Jun, 2025 6,131 443 478 307 19.7 7.2 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 7,536 706 745 461 29.5 9.4 Nov 7, 2025 J-GAAP
Oct - Dec, 2025 11,540 2,070 2,107 1,426 91.3 17.9 Feb 6, 2026 J-GAAP
YoY +67.7% +166.1% +162.4% +179.1% +178.9%

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