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HANDSMAN, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 12% Decrease
7636 HANDSMAN CO., LTD. 【J-GAAP】
Earnings ReportHANDSMAN CO., LTD. <7636> [TSE Std] announced its financial results in the afternoon session on February 9th (13:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending June 2026 (July to December) decreased 20.4% from the same period last year to 0.59 billion yen, resulting in a decrease in profits compared to the previous forecast of a 6.8% increase.
In addition, the full-year forecast for ordinary profit has decreased 16.1%, from the previous forecast of 1.61 billion yen to 1.35 billion yen (compared to 1.52 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of an 11.5% decrease in profit.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the January to June period (second half) is expected to decrease 3.0% from the same period last year to 0.75 billion yen.
In the most recent three-month period, from October to December (2Q), the ordinary profit decreased to 0.40 billion yen, a 12.2% decrease compared to the same period last year. The operating profit margin worsened from 4.3% in the same period last year to 3.7%.
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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 |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2023 | 16,869 | 385 | 491 | 333 | 23.5 | 45.0 | Feb 13, 2024 | J-GAAP |
| Jul - Dec, 2024 | 17,765 | 622 | 749 | 508 | 36.6 | 49.1 | Feb 10, 2025 | J-GAAP |
| Jul - Dec, 2025 | 17,466 | 474 | 596 | 402 | 29.2 | 44.1 | Feb 9, 2026 | J-GAAP |
| YoY | -1.7% | -23.8% | -20.4% | -20.9% | -20.2% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2025 Guidance | 17,916 | 690 | 800 | 535 | 38.9 | 0 | Aug 8, 2025 | J-GAAP |
| Jul - Dec, 2025 Results | 17,466 | 474 | 596 | 402 | 29.2 | 0 | Feb 9, 2026 | J-GAAP |
| Revision Rate | -2.5% | -31.3% | -25.5% | -24.9% | -24.8% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun, 2026 Prev | 35,500 | 1,340 | 1,610 | 1,090 | 79.2 | 30 | Aug 8, 2025 | J-GAAP |
| Jun, 2026 New | 35,050 | 1,080 | 1,350 | 910 | 66.1 | 30 | Feb 9, 2026 | J-GAAP |
| Revision Rate | -1.3% | -19.4% | -16.1% | -16.5% | -16.5% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 | 17,131 | 614 | 777 | 519 | 37.6 | 30 | Aug 8, 2025 | J-GAAP |
| Jan - Jun, 2026 Guidance | 17,584 | 606 | 754 | 508 | 36.9 | 30 | Feb 9, 2026 | J-GAAP |
| YoY | +2.6% | -1.3% | -3.0% | -2.1% | -1.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun, 2024 | 34,121 | 869 | 1,092 | 789 | 55.5 | 30 | Aug 9, 2024 | J-GAAP |
| Jun, 2025 | 34,896 | 1,236 | 1,526 | 1,027 | 74.3 | 30 | Aug 8, 2025 | J-GAAP |
| Jun, 2026 Guidance | 35,050 | 1,080 | 1,350 | 910 | 66.1 | 30 | Feb 9, 2026 | J-GAAP |
| YoY | +0.4% | -12.6% | -11.5% | -11.4% | -11.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 9,119 | 392 | 460 | 318 | 22.9 | 4.3 | Feb 10, 2025 | J-GAAP |
| Jan - Mar, 2025 | 7,756 | 188 | 242 | 160 | 11.6 | 2.4 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 9,375 | 426 | 535 | 359 | 26.0 | 4.5 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 8,253 | 129 | 192 | 126 | 9.2 | 1.6 | Nov 10, 2025 | J-GAAP |
| Oct - Dec, 2025 | 9,213 | 345 | 404 | 276 | 20.1 | 3.7 | Feb 9, 2026 | J-GAAP |
| YoY | +1.0% | -12.0% | -12.2% | -13.2% | -12.5% |
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