HIKARI TSUSHIN, Net Income Forecast for the Fiscal Year Revised Upward to an Unexpected 2% Increase, Dividend Revised Upward by 10 Yen

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Thu Feb 12, 2026 3:00 pm JST Earnings

9435 HIKARI TSUSHIN,INC. 【IFRS】

Earnings Report

HIKARI TSUSHIN,INC. <9435> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 12th (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 9.6% from the same period last year, reaching 112 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 4.3%, from the previous forecast of 115 billion yen to 120 billion yen (compared to 117 billion yen in the previous period), turning to a 2.1% increase in the consolidated net income outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) has been revised upward 11.2%, from the previous forecast of 44.6 billion yen to 49.6 billion yen (compared to 69.3 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 35.6% to 28.3%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 736 yen to 746 yen (compared to 661 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 42.3 billion yen, a 22.4% decrease compared to the same period last year. However, the operating profit margin rose from 16.9% in the same period last year to 17.1%.

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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	446,688	74,506	107,940	73,838	1,660.6	64.3	Feb 13, 2024	IFRS
Apr - Dec, 2024	498,814	86,581	144,084	102,784	2,333.9	95.6	Feb 12, 2025	IFRS
Apr - Dec, 2025	542,500	88,503	155,954	112,671	2,566.0	ー	Feb 12, 2026	IFRS
YoY	+8.8%	+2.2%	+8.2%	+9.6%	+9.9%

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	398,305	57,410	ー	44,672	1,018.2	370	Nov 11, 2025	IFRS
Oct - Mar, 2025 New	398,305	57,410	ー	49,672	1,132.1	380	Feb 12, 2026	IFRS
Revision Rate	0.0%	0.0%	－	+11.2%	+11.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	760,000	115,000	ー	115,000	2,621.1	736	Nov 11, 2025	IFRS
Mar, 2026 New	760,000	115,000	ー	120,000	2,735.1	746	Feb 12, 2026	IFRS
Revision Rate	0.0%	0.0%	－	+4.3%	+4.3%

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	360,770	47,615	81,579	69,320	1,575.6	344	May 14, 2025	IFRS
Oct - Mar, 2025 Guidance	398,305	57,410	ー	49,672	1,132.1	380	Feb 12, 2026	IFRS
YoY	+10.4%	+20.6%	－	-28.3%	-28.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	601,948	94,546	168,000	122,225	2,753.5	638	May 15, 2024	IFRS
Mar, 2025	686,553	105,036	150,718	117,523	2,671.2	661	May 14, 2025	IFRS
Mar, 2026 Guidance	760,000	115,000	ー	120,000	2,735.1	746	Feb 12, 2026	IFRS
YoY	+10.7%	+9.5%	－	+2.1%	+2.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	173,031	29,160	74,945	54,581	1,239.3	16.9	Feb 12, 2025	IFRS
Jan - Mar, 2025	187,739	18,455	6,634	14,739	335.0	9.8	May 14, 2025	IFRS
Apr - Jun, 2025	167,172	27,503	35,548	28,168	641.8	16.5	Aug 13, 2025	IFRS
Jul - Sep, 2025	194,523	30,087	52,653	42,160	960.4	15.5	Nov 11, 2025	IFRS
Oct - Dec, 2025	180,805	30,913	67,753	42,343	964.4	17.1	Feb 12, 2026	IFRS
YoY	+4.5%	+6.0%	-9.6%	-22.4%	-22.2%