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BALNIBARBI, First Half Ordinary Profit Decreases by 8%, Nov-Jan Ordinary Profit Decreases by 39%

Fri Mar 13, 2026 3:00 pm JST Earnings

3418 BALNIBARBI Co.,Ltd. 【J-GAAP】

Earnings Report

BALNIBARBI Co.,Ltd. <3418> [TSE Growth] announced its financial results in the afternoon session on March 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending July 2026 (August 2025 to January 2026) decreased 7.9% from the same period last year to 209 million yen. Progress toward the full-year plan of 683 million yen was 30.6%, also falling below the five-year average of 57.2%.

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 grow 20.3% from the same period last year, reaching 474 million yen.

In the most recent three-month period, from November to January (2Q), the consolidated ordinary profit dropped to 64 million yen, a 39.0% decrease compared to the same period last year. The operating profit margin worsened from 3.4% in the same period last year to 2.5%.

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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 6,547 277 281 328 37.1 43.5 Mar 14, 2024 J-GAAP
Aug - Jan, 2024 6,962 240 227 124 12.6 36.6 Mar 14, 2025 J-GAAP
Aug - Jan, 2025 7,398 245 209 140 13.0 30.6 Mar 13, 2026 J-GAAP
YoY +6.3% +2.1% -7.9% +12.9% +2.9%

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 7,181 249 224 154 14.2 2.50 Sep 12, 2025 J-GAAP
Aug - Jan, 2025 Results 7,398 245 209 140 13.0 2.50 Mar 13, 2026 J-GAAP
Revision Rate +3.0% -1.6% -6.7% -9.1% -8.9%

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 7,374 398 394 304 29.4 5 Sep 12, 2025 J-GAAP
Feb - Jul, 2026 Guidance 7,697 495 474 303 28.0 5 Mar 13, 2026 J-GAAP
YoY +4.4% +24.4% +20.3% -0.3% -4.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 13,452 647 646 538 60.8 7.50 Sep 13, 2024 J-GAAP
Jul, 2025 14,336 638 621 428 41.4 7.50 Sep 12, 2025 J-GAAP
Jul, 2026 Guidance 15,095 740 683 443 41.0 7.50 Sep 12, 2025 J-GAAP
YoY +5.3% +16.0% +10.0% +3.5% -1.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2024 3,423 115 105 45 4.6 3.4 Mar 14, 2025 J-GAAP
Feb - Apr, 2025 3,567 189 176 158 15.5 5.3 Jun 13, 2025 J-GAAP
May - Jul, 2025 3,807 209 218 146 14.1 5.5 Sep 12, 2025 J-GAAP
Aug - Oct, 2025 3,763 155 145 109 10.2 4.1 Dec 12, 2025 J-GAAP
Nov - Jan, 2025 3,635 90 64 31 2.9 2.5 Mar 13, 2026 J-GAAP
YoY +6.2% -21.7% -39.0% -31.1% -37.3%

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