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TRUST Holdings, First Half Ordinary Profit Turns to Loss, Oct-Dec Ordinary Profit Decreases by 99%

Mon Feb 9, 2026 3:30 pm JST Earnings

3286 TRUST Holdings Inc. 【J-GAAP】

Earnings Report

TRUST Holdings Inc. <3286> [TSE Std] announced its financial results after the market closed on February 9th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending June 2026 (July to December) turned into a loss of 46 million yen (compared to a profit of 237 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (second half) is expected to expand 50.2% from the same period last year, reaching 356 million yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit significantly dropped to 2 million yen, a 99.1% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.9% in the same period last year to 0.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jul - Dec, 2023 7,064 372 340 187 50.0 56.0 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 6,623 277 237 115 30.3 50.0 Feb 10, 2025 J-GAAP
Jul - Dec, 2025 5,098 0 -46 -40 -10.6 ー Feb 9, 2026 J-GAAP
YoY -23.0% － － － －

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 ー ー ー ー － 9 Aug 8, 2025 J-GAAP
Jul - Dec, 2025 Results 5,098 0 -46 -40 -10.6 9 Feb 9, 2026 J-GAAP
Revision Rate － － － － －

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 6,264 252 237 230 60.4 11 Aug 8, 2025 J-GAAP
Jan - Jun, 2026 Guidance 8,902 450 356 240 62.1 9 Feb 9, 2026 J-GAAP
YoY +42.1% +78.6% +50.2% +4.3% +2.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2024 13,694 675 607 338 89.6 16 Aug 9, 2024 J-GAAP
Jun, 2025 12,887 529 474 345 90.6 19 Aug 8, 2025 J-GAAP
Jun, 2026 Guidance 14,000 450 310 200 51.7 18 Aug 8, 2025 J-GAAP
YoY +8.6% -14.9% -34.6% -42.0% -42.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 4,143 246 228 114 30.1 5.9 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 2,255 -61 -90 -59 -15.5 -2.7 May 9, 2025 J-GAAP
Apr - Jun, 2025 4,009 313 327 289 75.9 7.8 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 2,468 -24 -48 -40 -10.6 -1.0 Nov 7, 2025 J-GAAP
Oct - Dec, 2025 2,630 24 2 0 0.0 0.9 Feb 9, 2026 J-GAAP
YoY -36.5% -90.2% -99.1% － -99.9%

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