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Hokuetsu, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 42%

Fri Feb 13, 2026 3:30 pm JST Earnings

3865 Hokuetsu Corporation 【J-GAAP】

Earnings Report

Hokuetsu Corporation <3865> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) dropped 41.8% from the same period last year to 8.37 billion yen. Progress toward the full-year plan of 10.0 billion yen was 83.8%, also surpassing the five-year average of 61.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to significant drop 62.8% from the same period last year to 1.62 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 5.37 billion yen, an increase of 0.4% compared to the same period last year. However, the operating profit margin worsened from 7.6% in the same period last year to 4.6%.

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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 225,324 10,888 12,877 7,280 43.3 72.5 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 229,513 15,080 14,389 11,480 68.3 76.7 Feb 14, 2025 J-GAAP
Apr - Dec, 2025 212,708 5,363 8,376 6,450 38.3 83.8 Feb 13, 2026 J-GAAP
YoY -7.3% -64.4% -41.8% -43.8% -43.8%

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 156,360 10,723 9,719 9,248 55.0 11 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 152,213 5,981 6,994 3,625 21.5 13 Nov 14, 2025 J-GAAP
YoY -2.7% -44.2% -28.0% -60.8% -60.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 297,056 15,267 17,757 8,387 49.9 18 May 15, 2024 J-GAAP
Mar, 2025 305,718 19,727 18,759 15,529 92.3 22 May 15, 2025 J-GAAP
Mar, 2026 Guidance 292,000 8,000 10,000 6,000 35.7 26 Oct 28, 2025 J-GAAP
YoY -4.5% -59.4% -46.7% -61.4% -61.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 80,155 6,076 5,349 5,199 30.9 7.6 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 76,205 4,647 4,370 4,049 24.1 6.1 May 15, 2025 J-GAAP
Apr - Jun, 2025 72,354 3,261 3,603 2,186 13.0 4.5 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 67,433 -1,242 -597 189 1.1 -1.8 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 72,921 3,344 5,370 4,075 24.2 4.6 Feb 13, 2026 J-GAAP
YoY -9.0% -45.0% +0.4% -21.6% -21.6%

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