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Trial Holdings, First Half Ordinary Profit Unexpectedly Revised Upward by 36%, Exceeds Full-Year Plan

Thu Feb 12, 2026 3:30 pm JST Earnings

141A Trial Holdings Inc. 【J-GAAP】

Earnings Report

Trial Holdings Inc. <141A> [TSE Growth] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2026 (July to December) expanded 14.4 billion yen, an increase 36.1% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 26.6% decrease.

Progress toward the full-year plan of 13.9 billion yen is 104.0%, already exceeding the target and also exceeding the same period of the previous year of 47.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to June period (second half) is expected to turn into a loss of 0.56 billion yen (compared to a profit of 11.5 billion yen in the same period last year).

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit surged 2.1 times that of the same period last year, reaching 11.2 billion yen. The operating profit margin improved from 2.3% in the same period last year to 3.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jul - Dec, 2024 403,741 9,700 10,624 6,132 50.3 47.9 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 674,117 16,677 14,462 4,057 33.2 104.0 Feb 12, 2026 J-GAAP
YoY +67.0% +71.9% +36.1% -33.8% -34.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Guidance 664,200 10,400 7,800 800 6.5 0 Aug 13, 2025 J-GAAP
Jul - Dec, 2025 Results 674,117 16,677 14,462 4,057 33.2 0 Feb 12, 2026 J-GAAP
Revision Rate +1.5% +60.4% +85.4% +407.1% +407.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 400,088 11,406 11,576 5,620 46.0 16 Aug 13, 2025 J-GAAP
Jan - Jun, 2026 Guidance 648,383 8,723 -562 -3,557 -29.0 16 Feb 12, 2026 J-GAAP
YoY +62.1% -23.5% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2024 717,948 19,161 19,789 11,439 109.8 15 Aug 13, 2024 J-GAAP
Jun, 2025 803,829 21,106 22,200 11,752 96.2 16 Aug 13, 2025 J-GAAP
Jun, 2026 Guidance 1,322,500 25,400 13,900 500 4.1 16 Aug 13, 2025 J-GAAP
YoY +64.5% +20.3% -37.4% -95.7% -95.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 207,907 4,769 5,358 2,972 24.4 2.3 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 196,296 3,764 3,869 2,242 18.4 1.9 May 14, 2025 J-GAAP
Apr - Jun, 2025 203,792 7,642 7,707 3,378 27.7 3.7 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 326,617 5,140 3,247 -979 -8.0 1.6 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 347,500 11,537 11,215 5,036 41.2 3.3 Feb 12, 2026 J-GAAP
YoY +67.1% +141.9% +109.3% +69.4% +69.0%

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