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SG HOLDINGS, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 1%
9143 SG HOLDINGS CO.,LTD. 【J-GAAP】
Earnings ReportSG HOLDINGS CO.,LTD. <9143> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 5.3% from the same period last year to 73.0 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has decreased 1.1%, from the previous forecast of 90.0 billion yen to 89.0 billion yen (compared to 88.8 billion yen in the previous period), leading to a reduction in the profit growth rate from 1.3% to 0.1%.
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 1.9%, from the previous forecast of 51.8 billion yen to 50.8 billion yen (compared to 50.1 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 3.5% to 1.5%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 34.9 billion yen, a 9.0% decrease compared to the same period last year. The operating profit margin worsened from 9.1% in the same period last year to 7.6%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 995,231 | 71,674 | 73,821 | 48,348 | 77.1 | 81.3 | Jan 26, 2024 | J-GAAP |
| Apr - Dec, 2024 | 1,118,829 | 76,509 | 77,152 | 51,358 | 82.1 | 86.8 | Feb 7, 2025 | J-GAAP |
| Apr - Dec, 2025 | 1,230,022 | 72,535 | 73,070 | 44,486 | 73.7 | 82.1 | Feb 6, 2026 | J-GAAP |
| YoY | +9.9% | -5.2% | -5.3% | -13.4% | -10.2% |
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 | 852,418 | 53,454 | 51,880 | 35,758 | 59.9 | 27 | Nov 7, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 852,418 | 51,454 | 50,880 | 35,758 | 59.9 | 27 | Feb 6, 2026 | J-GAAP |
| Revision Rate | 0.0% | -3.7% | -1.9% | 0.0% | 0.0% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 1,635,000 | 92,000 | 90,000 | 59,000 | 98.9 | 53 | Nov 7, 2025 | J-GAAP |
| Mar, 2026 New | 1,635,000 | 90,000 | 89,000 | 59,000 | 98.9 | 53 | Feb 6, 2026 | J-GAAP |
| Revision Rate | 0.0% | -2.2% | -1.1% | 0.0% | 0.0% |
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 | 771,210 | 48,720 | 50,127 | 32,629 | 52.2 | 26 | May 9, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 852,418 | 51,454 | 50,880 | 35,758 | 59.9 | 27 | Feb 6, 2026 | J-GAAP |
| YoY | +10.5% | +5.6% | +1.5% | +9.6% | +14.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 1,316,940 | 89,204 | 90,850 | 58,279 | 93.0 | 51 | Apr 30, 2024 | J-GAAP |
| Mar, 2025 | 1,479,239 | 87,847 | 88,867 | 58,120 | 92.9 | 52 | May 9, 2025 | J-GAAP |
| Mar, 2026 Guidance | 1,635,000 | 90,000 | 89,000 | 59,000 | 98.9 | 53 | Feb 6, 2026 | J-GAAP |
| YoY | +10.5% | +2.5% | +0.1% | +1.5% | +6.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 410,800 | 37,382 | 38,412 | 25,867 | 41.4 | 9.1 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 360,410 | 11,338 | 11,715 | 6,762 | 10.8 | 3.1 | May 9, 2025 | J-GAAP |
| Apr - Jun, 2025 | 367,404 | 17,454 | 17,878 | 10,150 | 16.7 | 4.8 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 415,178 | 21,092 | 20,242 | 13,092 | 21.7 | 5.1 | Nov 7, 2025 | J-GAAP |
| Oct - Dec, 2025 | 447,440 | 33,989 | 34,950 | 21,244 | 35.2 | 7.6 | Feb 6, 2026 | J-GAAP |
| YoY | +8.9% | -9.1% | -9.0% | -17.9% | -14.9% |
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