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WATT MANN, Oct-Dec (3Q) Ordinary Profit Decreases by 20%, Postponed Dividend for This Fiscal Year

Fri Feb 13, 2026 8:15 pm JST Earnings

9927 WATT MANN CO., LTD. 【J-GAAP】

Earnings Report

WATT MANN CO., LTD. <9927> [TSE Std] announced its financial results after the market closed on February 13th (20:15). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 16.2% from the same period last year to 392 million yen. Progress toward the full-year plan of 738 million yen was 53.1%, also falling below the five-year average of 64.7%.

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 surge 2.7 times that of the same period last year, reaching 346 million yen.

At the same time, In conjunction with a Tender Offer Bid (TOB), the company has decided to forgo the year-end lump-sum dividend of 20 yen for the current fiscal year.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 135 million yen, a 19.6% decrease compared to the same period last year. The operating profit margin worsened from 7.6% in the same period last year to 5.6%.

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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 5,800 447 450 289 33.1 68.6 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 6,200 460 468 275 31.5 78.8 Feb 14, 2025 J-GAAP
Apr - Dec, 2025 6,417 374 392 397 45.4 53.1 Feb 13, 2026 J-GAAP
YoY +3.5% -18.7% -16.2% +44.4% +44.1%

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 4,806 487 481 336 38.4 20 Nov 14, 2025 J-GAAP
Oct - Mar, 2025 New 4,806 487 481 336 38.4 0 Feb 13, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 9,050 740 738 498 56.9 20 May 15, 2025 J-GAAP
Mar, 2026 New 9,050 740 738 498 56.9 0 Feb 13, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 4,350 287 294 152 17.4 20 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,806 487 481 336 38.4 0 Feb 13, 2026 J-GAAP
YoY +10.5% +69.7% +63.6% +121.1% +120.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,851 649 656 459 52.6 20 May 15, 2024 J-GAAP
Mar, 2025 8,383 583 594 345 39.4 20 May 15, 2025 J-GAAP
Mar, 2026 Guidance 9,050 740 738 498 56.9 0 Feb 13, 2026 J-GAAP
YoY +8.0% +26.9% +24.2% +44.3% +44.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 2,167 164 168 82 9.4 7.6 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,183 123 126 70 8.0 5.6 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,127 135 135 86 9.9 6.3 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 2,117 118 122 76 8.7 5.6 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 2,173 121 135 235 26.9 5.6 Feb 13, 2026 J-GAAP
YoY +0.3% -26.2% -19.6% +186.6% +185.9%

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