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SYS Holdings, First Half Ordinary Profit Revised Downward to an Unexpected 4%Decrease

Mon Mar 16, 2026 3:00 pm JST Earnings

3988 SYS Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

SYS Holdings Co.,Ltd. <3988> [TSE Std] announced its financial results in the afternoon session on March 16th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending July 2026 (August 2025 to January 2026) decreased 3.7% from the same period last year to 0.36 billion yen, resulting in a decrease in profits compared to the previous forecast of a 1.8% increase.

Progress toward the full-year plan of 1.01 billion yen was 35.9%, also falling below the five-year average of 45.5%.

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 85.0% from the same period last year, reaching 0.65 billion yen.

In the most recent three-month period, from November to January (2Q), the consolidated ordinary profit grew 14.9% from the same period last year, reaching 0.22 billion yen. The operating profit margin improved from 5.4% in the same period last year to 5.9%.

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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 6,013 307 337 207 19.9 45.1 Mar 11, 2024 J-GAAP
Aug - Jan, 2024 6,828 358 379 207 19.8 51.8 Mar 14, 2025 J-GAAP
Aug - Jan, 2025 7,616 322 365 188 17.9 35.9 Mar 16, 2026 J-GAAP
YoY +11.5% -10.1% -3.7% -9.2% -9.9%

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 7,849 398 386 215 20.3 0 Sep 12, 2025 J-GAAP
Aug - Jan, 2025 Results 7,616 322 365 188 17.9 0 Mar 16, 2026 J-GAAP
Revision Rate -3.0% -19.1% -5.4% -12.6% -12.2%

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 7,223 347 353 216 20.6 7 Sep 12, 2025 J-GAAP
Feb - Jul, 2026 Guidance 9,234 722 653 416 39.3 8 Mar 16, 2026 J-GAAP
YoY +27.8% +108.1% +85.0% +92.6% +91.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 12,397 684 747 471 45.1 6 Sep 13, 2024 J-GAAP
Jul, 2025 14,051 705 732 423 40.3 7 Sep 12, 2025 J-GAAP
Jul, 2026 Guidance 16,850 1,044 1,018 604 57.1 8 Sep 12, 2025 J-GAAP
YoY +19.9% +48.1% +39.1% +42.8% +41.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2024 3,415 186 195 125 12.0 5.4 Mar 14, 2025 J-GAAP
Feb - Apr, 2025 3,434 152 139 72 6.9 4.4 Jun 12, 2025 J-GAAP
May - Jul, 2025 3,789 195 214 144 13.7 5.1 Sep 12, 2025 J-GAAP
Aug - Oct, 2025 3,758 96 141 57 5.5 2.6 Dec 15, 2025 J-GAAP
Nov - Jan, 2025 3,858 226 224 131 12.4 5.9 Mar 16, 2026 J-GAAP
YoY +13.0% +21.5% +14.9% +4.8% +4.0%

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