Hokuryo, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 41%, Exceeded Record Profit Forecast, Dividend Revised Upward by 35 Yen

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Thu Feb 12, 2026 3:31 pm JST Earnings

1384 Hokuryo Co., Ltd. 【J-GAAP】

Earnings Report

Hokuryo Co., Ltd. <1384> [TSE Std] announced its financial results after the market closed on February 12th (15:31). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2026 (April to December) surged 3.2 times that of the same period last year, reaching 4.04 billion yen.

In addition, the full-year forecast for ordinary profit has been revised upward 40.9%, from the previous forecast of 3.50 billion yen to 4.93 billion yen (compared to 2.00 billion yen in the previous period), increasing the growth rate from 74.9% to 2.5 times. The company has further increased its previous forecast of record profits for the first time in two years.

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 2.5 times, from the previous forecast of 0.93 billion yen to 2.36 billion yen (compared to 1.61 billion yen in the same period of the previous year), turning to a 46.8% 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 85 yen to 120 yen (compared to 70 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the ordinary profit increased 67.7% from the same period last year, reaching 1.47 billion yen. The operating profit margin jumped from 16.3% in the same period last year to 24.4%.

Kabutan News

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	14,726	2,521	2,577	1,787	211.3	111.3	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	14,183	1,212	1,270	1,605	189.8	63.5	Feb 12, 2025	J-GAAP
Apr - Dec, 2025	17,528	3,979	4,041	2,777	328.3	82.0	Feb 12, 2026	J-GAAP
YoY	+23.6%	+228.3%	+218.2%	+73.0%	+73.0%

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	10,658	911	938	611	72.2	85	Nov 12, 2025	J-GAAP
Oct - Mar, 2025 New	11,658	2,331	2,368	1,611	190.5	120	Feb 12, 2026	J-GAAP
Revision Rate	+9.4%	+155.9%	+152.5%	+163.7%	+163.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	22,200	3,430	3,500	2,400	283.7	85	Nov 12, 2025	J-GAAP
Mar, 2026 New	23,200	4,850	4,930	3,400	402.0	120	Feb 12, 2026	J-GAAP
Revision Rate	+4.5%	+41.4%	+40.9%	+41.7%	+41.7%

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	10,499	1,573	1,613	1,166	137.9	70	May 14, 2025	J-GAAP
Oct - Mar, 2025 Guidance	11,658	2,331	2,368	1,611	190.5	120	Feb 12, 2026	J-GAAP
YoY	+11.0%	+48.2%	+46.8%	+38.2%	+38.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	18,901	2,245	2,316	1,656	195.8	40	May 14, 2024	J-GAAP
Mar, 2025	19,397	1,925	2,001	2,181	257.9	70	May 14, 2025	J-GAAP
Mar, 2026 Guidance	23,200	4,850	4,930	3,400	402.0	120	Feb 12, 2026	J-GAAP
YoY	+19.6%	+151.9%	+146.4%	+55.9%	+55.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	5,285	860	882	590	69.8	16.3	Feb 12, 2025	J-GAAP
Jan - Mar, 2025	5,214	713	731	576	68.1	13.7	May 14, 2025	J-GAAP
Apr - Jun, 2025	5,863	1,305	1,328	956	113.1	22.3	Aug 13, 2025	J-GAAP
Jul - Sep, 2025	5,679	1,214	1,234	833	98.5	21.4	Nov 12, 2025	J-GAAP
Oct - Dec, 2025	5,986	1,460	1,479	988	116.8	24.4	Feb 12, 2026	J-GAAP
YoY	+13.3%	+69.8%	+67.7%	+67.5%	+67.4%