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IWATANI, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 22% Decrease

Tue Feb 10, 2026 4:00 pm JST Earnings

8088 IWATANI CORPORATION 【J-GAAP】

Earnings Report

IWATANI CORPORATION <8088> [TSE Prime] announced its financial results after the market closed on February 10th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 21.0% from the same period last year to 29.5 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 23.6%, from the previous forecast of 63.1 billion yen to 48.2 billion yen (compared to 61.4 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 21.6% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 33.0%, from the previous forecast of 45.1 billion yen to 30.2 billion yen (compared to 40.8 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 26.1% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 11.5 billion yen, a 31.1% decrease compared to the same period last year. The operating profit margin worsened from 4.9% in the same period last year to 4.2%.

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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 617,513 31,906 36,770 24,169 105.0 59.0 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 624,374 27,119 37,366 26,526 115.3 60.8 Feb 13, 2025 J-GAAP
Apr - Dec, 2025 641,130 20,497 29,527 26,772 116.3 61.3 Feb 10, 2026 J-GAAP
YoY +2.7% -24.4% -21.0% +0.9% +0.9%

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 527,272 38,342 45,100 28,485 123.8 23.50 Nov 11, 2025 J-GAAP
Oct - Mar, 2025 New 478,872 25,042 30,200 20,185 87.7 23.50 Feb 10, 2026 J-GAAP
Revision Rate -9.2% -34.7% -33.0% -29.1% -29.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 936,400 49,100 63,100 48,800 212.0 47 May 14, 2025 J-GAAP
Mar, 2026 New 888,000 35,800 48,200 40,500 176.0 47 Feb 10, 2026 J-GAAP
Revision Rate -5.2% -27.1% -23.6% -17.0% -17.0%

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 483,007 30,088 40,849 27,008 117.4 47 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 478,872 25,042 30,200 20,185 87.7 23.50 Feb 10, 2026 J-GAAP
YoY -0.9% -16.8% -26.1% -25.3% -25.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 847,888 50,635 62,307 43,468 188.9 32.50 May 13, 2024 J-GAAP
Mar, 2025 883,011 46,228 61,487 40,448 175.8 47 May 14, 2025 J-GAAP
Mar, 2026 Guidance 888,000 35,800 48,200 40,500 176.0 47 Feb 10, 2026 J-GAAP
YoY +0.6% -22.6% -21.6% +0.1% +0.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 224,370 10,979 16,728 13,086 56.9 4.9 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 258,637 19,109 24,121 13,922 60.5 7.4 May 14, 2025 J-GAAP
Apr - Jun, 2025 206,353 6,420 7,439 4,724 20.5 3.1 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 202,775 4,338 10,561 15,591 67.7 2.1 Nov 11, 2025 J-GAAP
Oct - Dec, 2025 232,002 9,739 11,527 6,457 28.1 4.2 Feb 10, 2026 J-GAAP
YoY +3.4% -11.3% -31.1% -50.7% -50.7%

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