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TSURUHA HOLDINGS, 56% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Dividend Effectively Cut

Thu Apr 9, 2026 10:00 am JST Earnings

3391 TSURUHA HOLDINGS INC. 【J-GAAP】

Earnings Report

TSURUHA HOLDINGS INC. <3391> [TSE Prime] announced its financial results in the morning on April 9th (10:00). The consolidated ordinary profit for the fiscal year ended February 2026 increased by 63.0 billion yen. For the fiscal year ending February 2027, the consolidated ordinary profit is expected to expand to 55.5% to 98.1 billion yen, marking the second consecutive term of record-high profits.

At the same time, the annual dividend for this fiscal year is 48 yen, taking into account the previous year's forward stock split, this dividend represents an actual reduce of 3.4%.

In the most recent three-month period, from December to February (4Q), the consolidated ordinary profit amounted to 22.3 billion yen, an increase of 2.1 times compared to the same period last year. The operating profit margin remained almost flat, changing from 3.6% in the same period last year to 3.6%.

Note: Due to a change in the fiscal year ending February 2025 (9-month fiscal year), comparisons with the same period in the previous year are not provided since there is no corresponding period.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 1,027,462 47,151 47,466 21,743 89.5 53.40 Jun 21, 2024 J-GAAP
Feb, 2025 Changed 845,603 37,894 37,840 17,207 70.7 53.40 Apr 11, 2025 J-GAAP
Feb, 2026 1,450,585 63,037 63,086 42,670 144.6 49.70 Apr 9, 2026 J-GAAP
YoY － － － － －

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Guidance 1,453,000 63,300 63,600 39,500 87.8 49.70 Jan 8, 2026 J-GAAP
Feb, 2026 Results 1,450,585 63,037 63,086 42,670 144.6 49.70 Apr 9, 2026 J-GAAP
Revision Rate -0.2% -0.4% -0.8% +8.0% +64.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 557,831 28,444 28,818 20,365 83.6 26.70 Oct 10, 2025 J-GAAP
Mar - Aug, 2026 Guidance 1,279,300 52,600 51,900 27,200 60.1 24 Apr 9, 2026 J-GAAP
YoY +129.3% +84.9% +80.1% +33.6% -28.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 Changed 845,603 37,894 37,840 17,207 70.7 53.40 Apr 11, 2025 J-GAAP
Feb, 2026 1,450,585 63,037 63,086 42,670 144.6 49.70 Apr 9, 2026 J-GAAP
Feb, 2027 Guidance 2,555,000 99,400 98,100 41,500 91.6 48 Apr 9, 2026 J-GAAP
YoY +76.1% +57.7% +55.5% -2.7% -36.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2024 Changed 309,274 11,118 10,814 8,803 36.2 3.6 Apr 11, 2025 J-GAAP
Mar - May, 2025 272,530 12,467 13,059 11,112 45.7 4.6 Jul 10, 2025 J-GAAP
Jun - Aug, 2025 285,301 15,977 15,759 9,253 38.0 5.6 Oct 10, 2025 J-GAAP
Sep - Nov, 2025 275,552 12,151 11,915 6,611 27.1 4.4 Jan 8, 2026 J-GAAP
Dec - Feb, 2025 617,202 22,442 22,353 15,694 53.2 3.6 Apr 9, 2026 J-GAAP
YoY +99.6% +101.9% +106.7% +78.3% +46.9%

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