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SHIP HEALTHCARE, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 7%, Oct-Dec Ordinary Profit Decreases by 17%
3360 SHIP HEALTHCARE HOLDINGS, INC. 【J-GAAP】
Earnings ReportSHIP HEALTHCARE HOLDINGS, INC. <3360> [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 6.5% from the same period last year to 15.4 billion yen. Progress toward the full-year plan of 26.5 billion yen was 58.3%, also falling below the five-year average of 63.0%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 16.5% from the same period last year, reaching 11.0 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 6.74 billion yen, a 17.1% decrease compared to the same period last year. The operating profit margin worsened from 4.0% in the same period last year to 3.3%.
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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 | 453,057 | 15,130 | 15,788 | 7,224 | 76.6 | 62.6 | Feb 9, 2024 | J-GAAP |
| Apr - Dec, 2024 | 492,272 | 15,121 | 16,545 | 10,517 | 111.5 | 63.6 | Feb 7, 2025 | J-GAAP |
| Apr - Dec, 2025 | 522,415 | 14,450 | 15,462 | 9,381 | 100.7 | 58.3 | Feb 6, 2026 | J-GAAP |
| YoY | +6.1% | -4.4% | -6.5% | -10.8% | -9.7% |
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 | 368,197 | 17,036 | 17,609 | 9,589 | 101.6 | 58 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 366,615 | 17,821 | 17,778 | 10,068 | 109.4 | 60 | Nov 11, 2025 | J-GAAP |
| YoY | -0.4% | +4.6% | +1.0% | +5.0% | +7.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 630,988 | 24,539 | 25,219 | 13,799 | 146.3 | 50 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 678,229 | 24,779 | 26,023 | 15,128 | 160.3 | 58 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 700,000 | 26,000 | 26,500 | 15,500 | 168.4 | 60 | May 13, 2025 | J-GAAP |
| YoY | +3.2% | +4.9% | +1.8% | +2.5% | +5.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 182,240 | 7,378 | 8,131 | 4,978 | 52.8 | 4.0 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 185,957 | 9,658 | 9,478 | 4,611 | 48.9 | 5.2 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 163,310 | 2,953 | 3,099 | 2,030 | 21.5 | 1.8 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 170,075 | 5,226 | 5,623 | 3,402 | 36.3 | 3.1 | Nov 11, 2025 | J-GAAP |
| Oct - Dec, 2025 | 189,030 | 6,271 | 6,740 | 3,949 | 42.4 | 3.3 | Feb 6, 2026 | J-GAAP |
| YoY | +3.7% | -15.0% | -17.1% | -20.7% | -19.7% |
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