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Manabi-aid, Net Income Forecast for the Fiscal Year Revised Downward to a Loss

Tue Mar 17, 2026 4:00 pm JST Earnings

184A Manabi-aid Co.,Ltd. 【J-GAAP】

Earnings Report

Manabi-aid Co.,Ltd. <184A> [TSE Growth] announced its financial results after the market closed on March 17th (16:00). The net loss (non-consolidated) for the cumulative third quarter of the fiscal year ending April 2026 (May 2025 to January 2026) was a reduced loss of 147 million yen (compared to a loss of 260 million yen in the same period last year).

However, the full-year forecast for net income/loss has been revised downward from an expected break even to a loss of 168 million yen (compared to a loss of 318 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the net income/loss for the November to April period (second half) has been revised downward from an expected profit of 130 million yen to a loss of 38 million yen (compared to a loss of 201 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from November to January (3Q), the net loss improved to a deficit of 17 million yen (compared to a loss of 143 million yen in the same period last year). The operating profit/loss margin drastically improved from -123.9% in the same period last year to -15.5%.

Kabutan News

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
May - Jan, 2024 195 -245 -255 -260 -116.5 ー Mar 17, 2025 J-GAAP
May - Jan, 2025 254 -140 -147 -147 -45.9 ー Mar 17, 2026 J-GAAP
YoY +30.3% +42.9% +42.4% +43.5% +60.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2025 Prev 447 126 130 130 0.0 0 Dec 15, 2025 J-GAAP
Nov - Apr, 2025 New 238 -38 -38 -38 -11.1 0 Mar 17, 2026 J-GAAP
Revision Rate -46.8% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2026 Prev 585 4 1 0 0.0 0 Jun 16, 2025 J-GAAP
Apr, 2026 New 376 -160 -167 -168 -49.2 0 Mar 17, 2026 J-GAAP
Revision Rate -35.7% － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2024 165 -140 -144 -201 -89.7 0 Jun 16, 2025 J-GAAP
Nov - Apr, 2025 Guidance 238 -38 -38 -38 -11.1 0 Mar 17, 2026 J-GAAP
YoY +44.2% +72.9% +73.6% +81.1% +87.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2024 628 146 142 118 57.3 0 Jun 14, 2024 J-GAAP
Apr, 2025 289 -297 -312 -318 -141.9 0 Jun 16, 2025 J-GAAP
Apr, 2026 Guidance 376 -160 -167 -168 -49.2 0 Mar 17, 2026 J-GAAP
YoY +30.1% +46.1% +46.5% +47.2% +65.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2024 71 -88 -87 -143 -64.1 -123.9 Mar 17, 2025 J-GAAP
Feb - Apr, 2025 94 -52 -57 -58 -25.9 -55.3 Jun 16, 2025 J-GAAP
May - Jul, 2025 57 -77 -85 -85 -30.0 -135.1 Sep 16, 2025 J-GAAP
Aug - Oct, 2025 81 -45 -44 -45 -14.4 -55.6 Dec 15, 2025 J-GAAP
Nov - Jan, 2025 116 -18 -18 -17 -5.3 -15.5 Mar 17, 2026 J-GAAP
YoY +63.4% +79.5% +79.3% +88.1% +91.7%

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