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MEGMILK SNOW BRAND, Oct-Dec (3Q) Ordinary Profit Increases by 23%
2270 MEGMILK SNOW BRAND Co.,Ltd. 【J-GAAP】
Earnings ReportMEGMILK SNOW BRAND Co.,Ltd. <2270> [TSE Prime] announced its financial results in the morning on February 13th (11:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 5.8% from the same period last year to 16.6 billion yen. Progress toward the full-year plan of 20.6 billion yen was 80.8%, below the five-year average of 85.7%.
Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 52.7% from the same period last year, reaching 3.96 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 23.0% from the same period last year, reaching 6.04 billion yen. The operating profit margin improved from 2.8% in the same period last year to 3.5%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 460,478 | 16,300 | 17,774 | 11,398 | 168.8 | 89.4 | Feb 9, 2024 | J-GAAP |
| Apr - Dec, 2024 | 469,748 | 16,303 | 17,668 | 12,480 | 184.8 | 87.2 | Feb 13, 2025 | J-GAAP |
| Apr - Dec, 2025 | 465,761 | 14,618 | 16,638 | 22,142 | 350.0 | 80.8 | Feb 13, 2026 | J-GAAP |
| YoY | -0.8% | -10.3% | -5.8% | +77.4% | +89.4% |
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 | 320,771 | 9,828 | 10,008 | 18,715 | 307.4 | 100 | Nov 14, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 305,771 | 9,828 | 10,008 | 18,715 | 307.4 | 100 | Feb 13, 2026 | J-GAAP |
| Revision Rate | -4.7% | 0.0% | 0.0% | 0.0% | 0.0% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 630,000 | 19,000 | 20,600 | 30,000 | 492.8 | 100 | Nov 14, 2025 | J-GAAP |
| Mar, 2026 New | 615,000 | 19,000 | 20,600 | 30,000 | 492.8 | 100 | Feb 13, 2026 | J-GAAP |
| Revision Rate | -2.4% | 0.0% | 0.0% | 0.0% | 0.0% |
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 | 304,166 | 7,306 | 7,508 | 4,770 | 70.7 | 100 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 305,771 | 9,828 | 10,008 | 18,715 | 307.4 | 100 | Feb 13, 2026 | J-GAAP |
| YoY | +0.5% | +34.5% | +33.3% | +292.3% | +335.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 605,424 | 18,460 | 19,888 | 19,430 | 287.7 | 80 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 615,819 | 19,125 | 20,262 | 13,904 | 205.9 | 100 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 615,000 | 19,000 | 20,600 | 30,000 | 492.8 | 100 | Feb 13, 2026 | J-GAAP |
| YoY | -0.1% | -0.7% | +1.7% | +115.8% | +139.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 158,095 | 4,484 | 4,914 | 3,346 | 49.6 | 2.8 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 146,071 | 2,822 | 2,594 | 1,424 | 21.1 | 1.9 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 152,395 | 3,476 | 4,300 | 8,976 | 137.3 | 2.3 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 156,834 | 5,696 | 6,292 | 2,309 | 36.1 | 3.6 | Nov 14, 2025 | J-GAAP |
| Oct - Dec, 2025 | 156,532 | 5,446 | 6,046 | 10,857 | 171.6 | 3.5 | Feb 13, 2026 | J-GAAP |
| YoY | -1.0% | +21.5% | +23.0% | +224.5% | +246.4% |
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