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WATANABE SATO, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 74%, Oct-Dec Ordinary Profit Decreases by 8%

Mon Feb 9, 2026 1:00 pm JST Earnings

1807 WATANABE SATO CO., LTD. 【J-GAAP】

Earnings Report

WATANABE SATO CO., LTD. <1807> [TSE Std] announced its financial results in the afternoon session on February 9th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 0.58 billion yen, an increase 73.7% compared to the same period last year. However, Progress toward the full-year plan of 1.30 billion yen was 44.6%, also falling below the five-year average of 50.9%.

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 decrease 27.6% from the same period last year to 0.72 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.54 billion yen, an 8.2% decrease compared to the same period last year. However, the operating profit margin improved from 5.3% in the same period last year to 5.7%.

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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 26,482 897 960 623 101.7 54.4 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 26,962 235 334 157 25.4 25.2 Feb 7, 2025 J-GAAP
Apr - Dec, 2025 23,053 310 580 375 60.2 44.6 Feb 9, 2026 J-GAAP
YoY -14.5% +31.9% +73.7% +138.9% +137.4%

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 24,287 1,519 1,590 1,141 183.4 40 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 21,841 1,339 1,267 829 132.8 40 Nov 10, 2025 J-GAAP
YoY -10.1% -11.8% -20.3% -27.3% -27.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 38,400 1,650 1,764 1,202 195.5 75 May 10, 2024 J-GAAP
Mar, 2025 40,422 1,177 1,328 891 143.2 80 May 12, 2025 J-GAAP
Mar, 2026 Guidance 37,000 1,200 1,300 850 136.1 80 May 12, 2025 J-GAAP
YoY -8.5% +2.0% -2.1% -4.6% -4.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 10,827 577 596 407 65.8 5.3 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 13,460 942 994 734 118.0 7.0 May 12, 2025 J-GAAP
Apr - Jun, 2025 7,322 -241 -105 -82 -13.2 -3.3 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 7,837 102 138 103 17.1 1.3 Nov 10, 2025 J-GAAP
Oct - Dec, 2025 7,894 449 547 354 56.9 5.7 Feb 9, 2026 J-GAAP
YoY -27.1% -22.2% -8.2% -13.0% -13.5%

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