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tsukuruba, First Half Ordinary Profit Turns to Loss, Nov-Jan Ordinary Profit Turns to Loss

Mon Mar 16, 2026 3:30 pm JST Earnings

2978 tsukuruba inc. 【J-GAAP】

Earnings Report

tsukuruba inc. <2978> [TSE Growth] announced its financial results after the market closed on March 16th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending July 2026 (August 2025 to January 2026) turned into a loss of 67 million yen (compared to a profit of 22 million yen in the same period last year).

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 73.4% from the same period last year, reaching 307 million yen.

In the most recent three-month period, from November to January (2Q), the consolidated ordinary profit/loss turned to a loss of 68 million yen (compared to a profit of 32 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.8% in the same period last year to -1.0%.

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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 2,045 37 23 123 10.6 20.2 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 3,375 58 22 -15 -1.7 11.1 Mar 14, 2025 J-GAAP
Aug - Jan, 2025 5,241 -2 -67 -53 -5.0 ー Mar 16, 2026 J-GAAP
YoY +55.3% － － -253.3% -196.4%

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 5,241 -2 -67 -53 -5.0 0 Mar 16, 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 4,724 216 177 121 10.7 0 Sep 12, 2025 J-GAAP
Feb - Jul, 2026 Guidance 6,759 372 307 248 20.6 0 Mar 16, 2026 J-GAAP
YoY +43.1% +72.2% +73.4% +105.0% +92.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 5,483 155 114 215 18.4 0 Sep 12, 2024 J-GAAP
Jul, 2025 8,099 274 199 106 9.4 0 Sep 12, 2025 J-GAAP
Jul, 2026 Guidance 12,000 370 240 195 16.2 0 Sep 12, 2025 J-GAAP
YoY +48.2% +35.0% +20.6% +84.0% +72.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2024 1,837 52 32 11 1.2 2.8 Mar 14, 2025 J-GAAP
Feb - Apr, 2025 2,408 91 71 15 1.3 3.8 Jun 13, 2025 J-GAAP
May - Jul, 2025 2,316 125 106 106 9.4 5.4 Sep 12, 2025 J-GAAP
Aug - Oct, 2025 2,677 24 1 -5 -0.7 0.9 Dec 12, 2025 J-GAAP
Nov - Jan, 2025 2,564 -26 -68 -48 -4.5 -1.0 Mar 16, 2026 J-GAAP
YoY +39.6% － － － －

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