kabutan

Headwaters, 3.2 times Increase in Ordinary Profit, Record High for The First Time in Two Years

Fri Feb 13, 2026 3:30 pm JST Earnings

4011 Headwaters Co.,Ltd 【J-GAAP】

Earnings Report

Headwaters Co.,Ltd <4011> [TSE Growth] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the fiscal year ended December 2025 dropped by 64.6% from the previous period to 128 million yen. For the fiscal year ending December 2026, the consolidated ordinary profit is expected to surge 3.2 times the previous term, reaching 411 million yenExpected to reach record high profits for the first time in two years. This will be the tenth consecutive term of revenue growth.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit significantly dropped to 57 million yen, a 60.4% decrease compared to the same period last year. The operating profit margin decreased from 11.1% in the same period last year to 10.9%.

Kabutan News

Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 2,315 94 98 70 18.9 0 Feb 14, 2024 J-GAAP
Dec, 2024 2,905 307 362 272 72.0 0 Feb 14, 2025 J-GAAP
Dec, 2025 3,900 229 128 58 15.3 0 Feb 13, 2026 J-GAAP
YoY +34.3% -25.4% -64.6% -78.7% -78.8%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Guidance 4,007 328 332 237 61.7 0 Feb 14, 2025 J-GAAP
Dec, 2025 Results 3,900 229 128 58 15.3 0 Feb 13, 2026 J-GAAP
Revision Rate -2.7% -30.2% -61.4% -75.5% -75.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 1,637 -24 -75 -52 -13.9 0 Aug 14, 2025 J-GAAP
Jan - Jun, 2026 Guidance ー ー ー ー － 0 Feb 13, 2026 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 2,905 307 362 272 72.0 0 Feb 14, 2025 J-GAAP
Dec, 2025 3,900 229 128 58 15.3 0 Feb 13, 2026 J-GAAP
Dec, 2026 Guidance 5,764 436 411 231 60.1 0 Feb 13, 2026 J-GAAP
YoY +47.8% +90.4% +221.1% +298.3% +293.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 818 91 144 127 33.6 11.1 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 739 -67 -2 -20 -5.4 -9.1 May 15, 2025 J-GAAP
Apr - Jun, 2025 898 43 -73 -32 -8.5 4.8 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 1,065 122 146 97 25.8 11.5 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 1,198 131 57 13 3.4 10.9 Feb 13, 2026 J-GAAP
YoY +46.5% +44.0% -60.4% -89.8% -89.8%

Related Articles