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WASHINGTON HOTEL, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 31%, Dividend Revised Upward by 14 Yen

Thu Feb 12, 2026 3:30 pm JST Earnings

4691 WASHINGTON HOTEL CORPORATION 【J-GAAP】

Earnings Report

WASHINGTON HOTEL CORPORATION <4691> [TSE Std] 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) expanded 3.13 billion yen, an increase 83.5% compared to the same period last year.

In addition, the full-year forecast for ordinary profit has been revised upward 30.9%, from the previous forecast of 2.46 billion yen to 3.22 billion yen (compared to 1.75 billion yen in the previous period), increasing the growth rate from 40.2% to 83.5%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (second half) is expected to increase 2.0 times, from the previous forecast of 0.73 billion yen to 1.49 billion yen (compared to 1.11 billion yen in the same period of the previous year), turning to a 34.6% increase in the ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 26 yen to 40 yen (compared to 20 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the ordinary profit increased 32.5% from the same period last year, reaching 1.41 billion yen. The operating profit margin rose from 19.3% in the same period last year to 22.5%.

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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 13,994 1,436 1,135 1,103 91.5 121.1 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 16,322 2,055 1,710 1,710 141.8 97.4 Feb 14, 2025 J-GAAP
Apr - Dec, 2025 18,959 3,553 3,137 3,108 258.8 97.4 Feb 12, 2026 J-GAAP
YoY +16.2% +72.9% +83.5% +81.8% +82.5%

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 11,443 1,048 739 717 59.8 26 Nov 14, 2025 J-GAAP
Oct - Mar, 2025 New 12,143 1,758 1,499 1,227 102.3 40 Feb 12, 2026 J-GAAP
Revision Rate +6.1% +67.7% +102.8% +71.1% +71.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 23,500 3,050 2,460 2,420 201.8 26 Aug 14, 2025 J-GAAP
Mar, 2026 New 24,200 3,760 3,220 2,930 244.3 40 Feb 12, 2026 J-GAAP
Revision Rate +3.0% +23.3% +30.9% +21.1% +21.1%

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 11,218 1,381 1,114 1,274 105.7 20 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 12,143 1,758 1,499 1,227 102.3 40 Feb 12, 2026 J-GAAP
YoY +8.2% +27.3% +34.6% -3.7% -3.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 18,294 1,490 937 835 69.3 10 May 14, 2024 J-GAAP
Mar, 2025 21,347 2,240 1,755 2,015 167.1 20 May 14, 2025 J-GAAP
Mar, 2026 Guidance 24,200 3,760 3,220 2,930 244.3 40 Feb 12, 2026 J-GAAP
YoY +13.4% +67.9% +83.5% +45.4% +46.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 6,193 1,196 1,069 969 80.4 19.3 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 5,025 185 45 305 25.3 3.7 May 14, 2025 J-GAAP
Apr - Jun, 2025 6,049 1,043 892 883 73.5 17.2 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 6,008 959 829 820 68.2 16.0 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 6,902 1,551 1,416 1,405 117.0 22.5 Feb 12, 2026 J-GAAP
YoY +11.4% +29.7% +32.5% +45.0% +45.6%

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