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SEIBU HOLDINGS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 14%
9024 SEIBU HOLDINGS INC. 【J-GAAP】
Earnings ReportSEIBU HOLDINGS INC. <9024> [TSE Prime] announced its financial results in the afternoon session on February 12th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 5.9% from the same period last year to 44.6 billion yen.
However, the full-year forecast for consolidated ordinary profit has been revised upward 13.9%, from the previous forecast of 36.0 billion yen to 41.0 billion yen (compared to 287 billion yen in the previous period), and the declining rate is expected to decrease from 87.5% to 85.7%.
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) has been revised upward 77.5%, from the previous forecast of 6.45 billion yen to 11.4 billion yen (compared to 257 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 97.5% to 95.6%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 15.1 billion yen, a 12.3% decrease compared to the same period last year. The operating profit margin decreased from 12.9% in the same period last year to 10.6%.
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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 | 360,476 | 47,601 | 43,791 | 43,185 | 143.5 | 101.8 | Feb 8, 2024 | J-GAAP |
| Apr - Dec, 2024 | 381,082 | 50,429 | 47,456 | 91,358 | 312.6 | 16.5 | Feb 13, 2025 | J-GAAP |
| Apr - Dec, 2025 | 388,218 | 44,898 | 44,674 | 32,091 | 124.1 | 109.0 | Feb 12, 2026 | J-GAAP |
| YoY | +1.9% | -11.0% | -5.9% | -64.9% | -60.3% |
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 | 251,413 | 8,692 | 6,451 | 6,113 | 24.1 | 20 | Nov 13, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 251,413 | 10,692 | 11,451 | 9,113 | 35.9 | 20 | Feb 12, 2026 | J-GAAP |
| Revision Rate | 0.0% | +23.0% | +77.5% | +49.1% | +49.1% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 511,000 | 40,000 | 36,000 | 26,000 | 102.4 | 40 | May 14, 2025 | J-GAAP |
| Mar, 2026 New | 511,000 | 42,000 | 41,000 | 29,000 | 114.2 | 40 | Feb 12, 2026 | J-GAAP |
| Revision Rate | 0.0% | +5.0% | +13.9% | +11.5% | +11.5% |
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 | 648,862 | 258,946 | 257,435 | 181,171 | 632.7 | 25 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 251,413 | 10,692 | 11,451 | 9,113 | 35.9 | 20 | Feb 12, 2026 | J-GAAP |
| YoY | -61.3% | -95.9% | -95.6% | -95.0% | -94.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 477,598 | 47,711 | 43,000 | 26,990 | 89.7 | 25 | May 9, 2024 | J-GAAP |
| Mar, 2025 | 901,131 | 292,735 | 287,639 | 258,182 | 901.7 | 40 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 511,000 | 42,000 | 41,000 | 29,000 | 114.2 | 40 | Feb 12, 2026 | J-GAAP |
| YoY | -43.3% | -85.7% | -85.7% | -88.8% | -87.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 128,813 | 16,640 | 17,252 | 14,347 | 49.1 | 12.9 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 520,049 | 242,306 | 240,183 | 166,824 | 582.6 | 46.6 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 132,399 | 18,437 | 17,256 | 13,462 | 51.4 | 13.9 | Aug 1, 2025 | J-GAAP |
| Jul - Sep, 2025 | 127,188 | 12,871 | 12,293 | 6,425 | 24.7 | 10.1 | Nov 13, 2025 | J-GAAP |
| Oct - Dec, 2025 | 128,631 | 13,590 | 15,125 | 12,204 | 47.2 | 10.6 | Feb 12, 2026 | J-GAAP |
| YoY | -0.1% | -18.3% | -12.3% | -14.9% | -3.8% |
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