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LANDNET, First Half Ordinary Profit Decreases by 14%, Nov-Jan Ordinary Profit Decreases by 26%

Fri Mar 13, 2026 2:00 pm JST Earnings

2991 LANDNET Inc. 【J-GAAP】

Earnings Report

LANDNET Inc. <2991> [TSE Std] announced its financial results in the afternoon session on March 13th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending July 2026 (August 2025 to January 2026) decreased 13.6% from the same period last year to 1.57 billion yen. Progress toward the full-year plan of 3.97 billion yen was 39.7%, also falling below the five-year average of 49.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the February to July period (second half) is expected to expand 61.3% from the same period last year, reaching 2.39 billion yen.

In the most recent three-month period, from November to January (2Q), the consolidated ordinary profit decreased to 0.76 billion yen, a 26.4% decrease compared to the same period last year. The operating profit margin worsened from 4.6% in the same period last year to 3.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Aug - Jan, 2023 36,370 1,029 884 573 24.1 35.1 Mar 8, 2024 J-GAAP
Aug - Jan, 2024 46,361 2,027 1,827 1,185 49.6 55.2 Mar 10, 2025 J-GAAP
Aug - Jan, 2025 51,483 1,808 1,578 1,100 45.9 39.7 Mar 13, 2026 J-GAAP
YoY +11.0% -10.8% -13.6% -7.2% -7.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2025 Guidance ー ー ー ー － 0 Sep 12, 2025 J-GAAP
Aug - Jan, 2025 Results 51,483 1,808 1,578 1,100 45.9 0 Mar 13, 2026 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2025 49,631 1,717 1,484 1,199 50.1 10 Sep 12, 2025 J-GAAP
Feb - Jul, 2026 Guidance 59,115 2,695 2,393 1,549 64.7 11.10 Mar 13, 2026 J-GAAP
YoY +19.1% +57.0% +61.3% +29.2% +29.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 77,790 2,785 2,518 1,840 77.2 7.69 Sep 9, 2024 J-GAAP
Jul, 2025 95,992 3,744 3,311 2,384 99.7 10 Sep 12, 2025 J-GAAP
Jul, 2026 Guidance 110,598 4,503 3,971 2,649 110.6 11.10 Sep 12, 2025 J-GAAP
YoY +15.2% +20.3% +19.9% +11.1% +10.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2024 24,312 1,124 1,044 684 28.6 4.6 Mar 10, 2025 J-GAAP
Feb - Apr, 2025 22,795 445 319 253 10.6 2.0 Jun 9, 2025 J-GAAP
May - Jul, 2025 26,836 1,272 1,165 946 39.6 4.7 Sep 12, 2025 J-GAAP
Aug - Oct, 2025 25,746 915 810 561 23.5 3.6 Dec 12, 2025 J-GAAP
Nov - Jan, 2025 25,737 893 768 539 22.5 3.5 Mar 13, 2026 J-GAAP
YoY +5.9% -20.6% -26.4% -21.2% -21.3%

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