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AWA PAPER, Oct-Dec (3Q) Ordinary Profit Decreases by 80%, Decides to Continue No Dividend Policy

Tue Feb 10, 2026 4:00 pm JST Earnings

3896 AWA PAPER & TECHNOLOGICAL COMPANY, Inc. 【J-GAAP】

Earnings Report

AWA PAPER & TECHNOLOGICAL COMPANY, Inc. <3896> [TSE Std] announced its financial results after the market closed on February 10th (16:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2026 (April to December) turned into a loss of 294 million yen (compared to a profit of 33 million yen in the same period last year).

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 drop 49.6% from the same period last year to 124 million yen.

At the same time, the company has decided to forego the year-end lump-sum dividend for the current fiscal year, which had previously been undecided (compared to no dividend in the prior term), and the policy has been set to continue with no dividends.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 17 million yen, an 80.0% decrease compared to the same period last year. The operating profit margin worsened from 2.7% in the same period last year to 0.9%.

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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 12,419 248 224 131 13.1 87.2 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 12,542 110 33 -174 -17.5 11.8 Feb 12, 2025 J-GAAP
Apr - Dec, 2025 13,502 -182 -294 -536 -53.7 ー Feb 10, 2026 J-GAAP
YoY +7.7% － － -208.0% -206.7%

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 9,696 265 141 731 73.1 － Nov 11, 2025 J-GAAP
Oct - Mar, 2025 New 9,696 265 141 731 73.1 0 Feb 10, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 18,500 40 -170 270 27.0 － Nov 11, 2025 J-GAAP
Mar, 2026 New 18,500 40 -170 270 27.0 0 Feb 10, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 9,032 441 331 238 24.4 0 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 9,696 265 141 731 73.1 0 Feb 10, 2026 J-GAAP
YoY +7.4% -39.9% -57.4% +207.1% +199.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 16,115 354 257 52 5.3 2 May 13, 2024 J-GAAP
Mar, 2025 17,124 432 279 35 3.6 0 May 13, 2025 J-GAAP
Mar, 2026 Guidance 18,500 40 -170 270 27.0 0 Feb 10, 2026 J-GAAP
YoY +8.0% -90.7% － +671.4% +651.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 4,450 119 85 29 2.9 2.7 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 4,582 322 246 209 21.4 7.0 May 13, 2025 J-GAAP
Apr - Jun, 2025 4,309 -212 -229 -273 -27.4 -4.9 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 4,495 -13 -82 -188 -18.8 -0.3 Nov 11, 2025 J-GAAP
Oct - Dec, 2025 4,698 43 17 -75 -7.5 0.9 Feb 10, 2026 J-GAAP
YoY +5.6% -63.9% -80.0% － －

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