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Fukoku, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 19% Decrease

Fri Feb 13, 2026 4:00 pm JST Earnings

5185 Fukoku Co.,Ltd. 【J-GAAP】

Earnings Report

Fukoku Co.,Ltd. <5185> [TSE Prime] announced its financial results after the market closed on February 13th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 17.9% from the same period last year to 2.69 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 26.0%, from the previous forecast of 5.00 billion yen to 3.70 billion yen (compared to 4.56 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 19.0% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 37.4%, from the previous forecast of 3.47 billion yen to 2.17 billion yen (compared to 2.34 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 7.5% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 10.2% from the same period last year, reaching 1.16 billion yen. However, the operating profit margin worsened from 7.4% in the same period last year to 4.8%.

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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 66,233 2,254 2,607 1,846 114.6 63.7 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 66,797 3,705 3,281 1,902 118.1 71.8 Feb 14, 2025 J-GAAP
Apr - Dec, 2025 66,917 2,621 2,695 1,475 92.6 72.8 Feb 13, 2026 J-GAAP
YoY +0.2% -29.3% -17.9% -22.5% -21.5%

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 43,628 3,451 3,473 2,552 179.4 42.50 Nov 5, 2025 J-GAAP
Oct - Mar, 2025 New 43,628 2,151 2,173 1,152 81.0 42.50 Feb 13, 2026 J-GAAP
Revision Rate 0.0% -37.7% -37.4% -54.9% -54.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 88,000 5,000 5,000 3,500 246.1 85 May 15, 2025 J-GAAP
Mar, 2026 New 88,000 3,700 3,700 2,100 147.7 85 Feb 13, 2026 J-GAAP
Revision Rate 0.0% -26.0% -26.0% -40.0% -40.0%

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 45,072 2,661 2,348 1,389 86.2 37.50 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 43,628 2,151 2,173 1,152 81.0 42.50 Feb 13, 2026 J-GAAP
YoY -3.2% -19.2% -7.5% -17.1% -6.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 88,847 3,646 4,094 3,050 189.4 60 May 15, 2024 J-GAAP
Mar, 2025 89,657 4,721 4,569 2,931 181.9 75 May 15, 2025 J-GAAP
Mar, 2026 Guidance 88,000 3,700 3,700 2,100 147.7 85 Feb 13, 2026 J-GAAP
YoY -1.8% -21.6% -19.0% -28.4% -18.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 22,212 1,645 1,060 360 22.3 7.4 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 22,860 1,016 1,288 1,029 63.9 4.4 May 15, 2025 J-GAAP
Apr - Jun, 2025 22,720 1,000 917 493 30.6 4.4 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 21,652 549 610 455 28.2 2.5 Nov 5, 2025 J-GAAP
Oct - Dec, 2025 22,545 1,072 1,168 527 33.1 4.8 Feb 13, 2026 J-GAAP
YoY +1.5% -34.8% +10.2% +46.4% +48.1%

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