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MINATO HOLDINGS , Ordinary Profit Forecast for the Fiscal Year Revised Upward by 2.3 times, Highest in Thirty Six Terms
6862 MINATO HOLDINGS INC. 【J-GAAP】
Earnings ReportMINATO HOLDINGS INC. <6862> [TSE Std] announced its financial results after the market closed on February 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) surged 3.9 times that of the same period last year, reaching 2.33 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 2.3 times, from the previous forecast of 1.23 billion yen to 2.78 billion yen (compared to 0.58 billion yen in the previous period), increasing the growth rate from 2.1 times to 4.8 times, reaches new record high for the first time in thirty six terms.
Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 3.5 times, from the previous forecast of 0.61 billion yen to 2.16 billion yen (compared to 0.20 billion yen in the same period of the previous year), increasing the growth rate from 3.1 times to 11 times.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 7.7 times that of the same period last year, reaching 1.71 billion yen. The operating profit margin drastically improved from 3.2% in the same period last year to 14.7%.
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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 |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 14,162 | 1,180 | 1,199 | 1,503 | 201.0 | 98.0 | Feb 9, 2024 | J-GAAP |
| Apr - Dec, 2024 | 18,243 | 669 | 606 | 392 | 52.9 | 104.1 | Feb 10, 2025 | J-GAAP |
| Apr - Dec, 2025 | 24,256 | 2,420 | 2,334 | 1,572 | 211.2 | 83.7 | Feb 10, 2026 | J-GAAP |
| YoY | +33.0% | +261.7% | +285.1% | +301.0% | +299.4% |
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 | 14,046 | 676 | 616 | 384 | 51.6 | 15 | Nov 28, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 17,611 | 2,329 | 2,169 | 1,277 | 171.5 | 15 | Feb 10, 2026 | J-GAAP |
| Revision Rate | +25.4% | +244.5% | +252.1% | +232.6% | +232.6% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 26,565 | 1,376 | 1,235 | 796 | 106.9 | 15 | Nov 28, 2025 | J-GAAP |
| Mar, 2026 New | 30,130 | 3,029 | 2,788 | 1,689 | 226.9 | 15 | Feb 10, 2026 | J-GAAP |
| Revision Rate | +13.4% | +120.1% | +125.7% | +112.2% | +112.2% |
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 | 12,663 | 302 | 200 | 138 | 18.6 | 14 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 17,611 | 2,329 | 2,169 | 1,277 | 171.5 | 15 | Feb 10, 2026 | J-GAAP |
| YoY | +39.1% | +671.2% | +984.5% | +825.4% | +820.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 19,018 | 1,235 | 1,224 | 1,483 | 198.6 | 14 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 24,540 | 767 | 582 | 373 | 50.4 | 14 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 30,130 | 3,029 | 2,788 | 1,689 | 226.9 | 15 | Feb 10, 2026 | J-GAAP |
| YoY | +22.8% | +294.9% | +379.0% | +352.8% | +350.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 6,366 | 204 | 224 | 157 | 21.2 | 3.2 | Feb 10, 2025 | J-GAAP |
| Jan - Mar, 2025 | 6,297 | 98 | -24 | -19 | -2.6 | 1.6 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 5,193 | 136 | 83 | 39 | 5.4 | 2.6 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 7,326 | 564 | 536 | 373 | 50.2 | 7.7 | Nov 11, 2025 | J-GAAP |
| Oct - Dec, 2025 | 11,737 | 1,720 | 1,715 | 1,160 | 155.8 | 14.7 | Feb 10, 2026 | J-GAAP |
| YoY | +84.4% | +743.1% | +665.6% | +638.9% | +635.7% |
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