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Citizen Watch, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 16%

Thu Feb 12, 2026 3:30 pm JST Earnings

7762 Citizen Watch Co., Ltd. 【J-GAAP】

Earnings Report

Citizen Watch Co., Ltd. <7762> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 30.3 billion yen, an increase 38.2% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 15.5%, from the previous forecast of 29.0 billion yen to 33.5 billion yen (compared to 23.0 billion yen in the previous period), increasing the growth rate from 26.0% to 45.5%.

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 35.1%, from the previous forecast of 12.8 billion yen to 17.3 billion yen (compared to 10.7 billion yen in the same period of the previous year), increasing the growth rate from 19.0% to 60.8%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 46.0% from the same period last year, reaching 14.1 billion yen. The operating profit margin significantly improved from 7.9% in the same period last year to 11.1%.

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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 238,894 23,416 27,478 20,690 84.2 89.2 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 241,709 19,036 21,987 22,207 91.1 95.5 Feb 12, 2025 J-GAAP
Apr - Dec, 2025 257,105 23,886 30,391 22,223 91.1 90.7 Feb 12, 2026 J-GAAP
YoY +6.4% +25.5% +38.2% +0.1% +0.0%

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 167,750 11,514 12,803 10,120 41.5 23.50 Nov 12, 2025 J-GAAP
Oct - Mar, 2025 New 178,250 14,014 17,303 12,120 49.7 23.50 Feb 12, 2026 J-GAAP
Revision Rate +6.3% +21.7% +35.1% +19.8% +19.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 327,000 24,500 29,000 22,000 90.2 47 Nov 12, 2025 J-GAAP
Mar, 2026 New 337,500 27,000 33,500 24,000 98.4 47 Feb 12, 2026 J-GAAP
Revision Rate +3.2% +10.2% +15.5% +9.1% +9.1%

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 160,369 8,264 10,758 11,597 47.6 22.50 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 178,250 14,014 17,303 12,120 49.7 23.50 Feb 12, 2026 J-GAAP
YoY +11.1% +69.6% +60.8% +4.5% +4.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 312,830 25,068 30,810 22,958 93.6 40 May 13, 2024 J-GAAP
Mar, 2025 316,885 20,592 23,024 23,876 97.9 45 May 13, 2025 J-GAAP
Mar, 2026 Guidance 337,500 27,000 33,500 24,000 98.4 47 Feb 12, 2026 J-GAAP
YoY +6.5% +31.1% +45.5% +0.5% +0.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 85,193 6,708 9,721 9,928 40.7 7.9 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 75,176 1,556 1,037 1,669 6.8 2.1 May 13, 2025 J-GAAP
Apr - Jun, 2025 75,282 4,699 6,166 9,186 37.7 6.2 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 83,968 8,287 10,031 2,694 11.0 9.9 Nov 12, 2025 J-GAAP
Oct - Dec, 2025 97,855 10,900 14,194 10,343 42.4 11.1 Feb 12, 2026 J-GAAP
YoY +14.9% +62.5% +46.0% +4.2% +4.2%

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