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PIETRO, Net Income Forecast for the Fiscal Year Revised Downward to a Loss

Fri Feb 13, 2026 3:30 pm JST Earnings

2818 PIETRO Co., Ltd. 【J-GAAP】

Earnings Report

PIETRO Co., Ltd. <2818> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2026 (April to December) turned into a loss of 9 million yen (compared to a profit of 116 million yen in the same period last year).

In addition, the full-year forecast for consolidated net income/loss has been revised downward from an expected profit of 60 million yen to a loss of 39 million yen (compared to a profit of 57 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the October to March period (second half) has decreased 95.2%, from the previous forecast of 104 million yen to 5 million yen (compared to 11 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 54.5% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated net income dropped to 35 million yen, a 50.0% decrease compared to the same period last year. The operating profit margin worsened from 3.8% in the same period last year to 2.6%.

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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 7,606 209 192 101 16.5 95.5 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 8,468 210 207 116 16.9 129.4 Feb 14, 2025 J-GAAP
Apr - Dec, 2025 9,203 149 28 -9 -1.4 233.3 Feb 13, 2026 J-GAAP
YoY +8.7% -29.0% -86.5% － －

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 5,776 283 230 104 15.0 24 Nov 14, 2025 J-GAAP
Oct - Mar, 2025 New 5,990 93 42 5 0.7 24 Feb 13, 2026 J-GAAP
Revision Rate +3.7% -67.1% -81.7% -95.2% -95.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 11,786 350 200 60 8.7 24 May 15, 2025 J-GAAP
Mar, 2026 New 12,000 160 12 -39 -5.6 24 Feb 13, 2026 J-GAAP
Revision Rate +1.8% -54.3% -94.0% － －

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 5,651 80 66 11 1.6 24 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 5,990 93 42 5 0.7 24 Feb 13, 2026 J-GAAP
YoY +6.0% +16.3% -36.4% -54.5% -55.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 10,096 218 201 109 17.4 24 May 15, 2024 J-GAAP
Mar, 2025 11,135 177 160 57 8.4 24 May 15, 2025 J-GAAP
Mar, 2026 Guidance 12,000 160 12 -39 -5.6 24 Feb 13, 2026 J-GAAP
YoY +7.8% -9.6% -92.5% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 2,984 113 113 70 10.2 3.8 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,667 -33 -47 -59 -8.7 -1.2 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,971 44 -31 67 9.8 1.5 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 3,039 23 1 -111 -16.4 0.8 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 3,193 82 58 35 5.5 2.6 Feb 13, 2026 J-GAAP
YoY +7.0% -27.4% -48.7% -50.0% -46.1%

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