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TOPPAN Holdings, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 11%
7911 TOPPAN Holdings Inc. 【J-GAAP】
Earnings ReportTOPPAN Holdings Inc. <7911> [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) decreased 10.6% from the same period last year to 52.7 billion yen. Progress toward the full-year plan of 81.0 billion yen was 65.1%, which was higher than the five-year average of 61.7%.
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 decrease 7.7% from the same period last year to 28.2 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 26.6 billion yen, an increase of 0.7% compared to the same period last year. However, the operating profit margin worsened from 5.7% in the same period last year to 4.4%.
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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 | 1,215,808 | 39,727 | 46,194 | 57,761 | 178.7 | 56.0 | Feb 14, 2024 | J-GAAP |
| Apr - Dec, 2024 | 1,257,972 | 52,771 | 58,969 | 72,298 | 236.6 | 65.8 | Feb 13, 2025 | J-GAAP |
| Apr - Dec, 2025 | 1,322,805 | 44,811 | 52,736 | 58,125 | 203.0 | 65.1 | Feb 13, 2026 | J-GAAP |
| YoY | +5.2% | -15.1% | -10.6% | -19.6% | -14.2% |
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 | 891,486 | 56,637 | 57,052 | 57,240 | 189.6 | 32 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 926,381 | 45,213 | 54,880 | 40,110 | 142.1 | 28 | Nov 13, 2025 | J-GAAP |
| YoY | +3.9% | -20.2% | -3.8% | -29.9% | -25.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 1,678,249 | 74,349 | 82,500 | 74,198 | 231.0 | 48 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 1,719,512 | 85,066 | 89,578 | 90,144 | 298.6 | 56 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 1,790,000 | 70,000 | 81,000 | 70,000 | 248.0 | 56 | Nov 13, 2025 | J-GAAP |
| YoY | +4.1% | -17.7% | -9.6% | -22.3% | -17.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 429,946 | 24,342 | 26,443 | 39,394 | 128.9 | 5.7 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 461,540 | 32,295 | 30,609 | 17,846 | 59.1 | 7.0 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 397,561 | 13,541 | 15,002 | 9,370 | 32.4 | 3.4 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 466,058 | 11,246 | 11,118 | 20,520 | 71.3 | 2.4 | Nov 13, 2025 | J-GAAP |
| Oct - Dec, 2025 | 459,186 | 20,024 | 26,616 | 28,235 | 98.6 | 4.4 | Feb 13, 2026 | J-GAAP |
| YoY | +6.8% | -17.7% | +0.7% | -28.3% | -23.5% |
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