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Laxus, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 63%
288A Laxus Technologies Inc. 【J-GAAP】
Earnings ReportLaxus Technologies Inc. <288A> [TSE Growth] announced its financial results after the market closed on February 12th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2026 (April to December) significantly dropped 74.9% from the same period last year to 114 million yen.
In addition, the full-year forecast for ordinary profit has decreased 63.1%, from the previous forecast of 442 million yen to 163 million yen (compared to 569 million yen in the previous period), leading to an increase in the profit decline rate from 22.3% to 71.4%.
Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the October to March period (second half) has decreased 72.5%, from the previous forecast of 385 million yen to 106 million yen (compared to 232 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 54.3% decrease in profit.
In the most recent three-month period, from October to December (3Q), the ordinary profit significantly dropped to 57 million yen, a 51.3% decrease compared to the same period last year. The operating profit margin sharply declined from 20.6% in the same period last year to 10.0%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2024 | 1,935 | 472 | 454 | 391 | 20.0 | 79.8 | Feb 13, 2025 | J-GAAP |
| Apr - Dec, 2025 | 1,644 | 106 | 114 | 56 | 2.2 | 69.9 | Feb 12, 2026 | J-GAAP |
| YoY | -15.0% | -77.5% | -74.9% | -85.7% | -89.1% |
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 | 1,984 | 397 | 385 | 289 | 11.2 | 0 | Nov 13, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 1,099 | 116 | 106 | 37 | 1.4 | 0 | Feb 12, 2026 | J-GAAP |
| Revision Rate | -44.6% | -70.8% | -72.5% | -87.2% | -87.2% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 3,077 | 448 | 442 | 335 | 13.0 | 0 | Nov 13, 2025 | J-GAAP |
| Mar, 2026 New | 2,192 | 167 | 163 | 83 | 3.2 | 0 | Feb 12, 2026 | J-GAAP |
| Revision Rate | -28.8% | -62.7% | -63.1% | -75.2% | -75.3% |
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 | 1,280 | 252 | 232 | 152 | 7.2 | 0 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 1,099 | 116 | 106 | 37 | 1.4 | 0 | Feb 12, 2026 | J-GAAP |
| YoY | -14.1% | -54.0% | -54.3% | -75.7% | -80.2% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 | 2,564 | 590 | 569 | 435 | 20.7 | 0 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 2,192 | 167 | 163 | 83 | 3.2 | 0 | Feb 12, 2026 | J-GAAP |
| YoY | -14.5% | -71.7% | -71.4% | -80.9% | -84.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 651 | 134 | 117 | 108 | 5.5 | 20.6 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 629 | 118 | 115 | 44 | 2.1 | 18.8 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 565 | 46 | 31 | 39 | 1.6 | 8.1 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 528 | 5 | 26 | 7 | 0.3 | 0.9 | Nov 13, 2025 | J-GAAP |
| Oct - Dec, 2025 | 551 | 55 | 57 | 10 | 0.4 | 10.0 | Feb 12, 2026 | J-GAAP |
| YoY | -15.4% | -59.0% | -51.3% | -90.7% | -93.0% |
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