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BIC CAMERA, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 12% Increase, Raises Record High Profit, Dividend Revised Upward by 2 Yen

Fri Apr 10, 2026 12:00 pm JST Earnings

3048 BIC CAMERA INC. 【J-GAAP】

Earnings Report

BIC CAMERA INC. <3048> [TSE Prime] announced its financial results at noon (12:00) on April 10th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending August 2026 (September 2025 to February 2026) increased 22.7% from the same period last year, reaching 19.4 billion yen, resulting in an increase in profits compared to the previous forecast of a 5.9% decrease.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 13.3%, from the previous forecast of 31.5 billion yen to 35.7 billion yen (compared to 31.9 billion yen in the previous period), record profits reach two consecutive terms, turning to an 11.8% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the March to August period (second half) is expected to grow 1.1% from the same period last year, reaching 16.2 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 41 yen to 43 yen (compared to 41 yen in the previous period).

In the most recent three-month period, from December to February (2Q), the consolidated ordinary profit grew 6.6% from the same period last year, reaching 11.7 billion yen. The operating profit margin remained almost flat, changing from 4.1% in the same period last year to 4.2%.

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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
Sep - Feb, 2023 447,524 9,715 10,924 5,558 32.5 41.0 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 479,502 14,915 15,834 9,006 52.6 49.6 Apr 11, 2025 J-GAAP
Sep - Feb, 2025 508,429 18,727 19,421 11,098 64.8 54.4 Apr 10, 2026 J-GAAP
YoY +6.0% +25.6% +22.7% +23.2% +23.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2025 Guidance 497,500 14,440 14,900 9,610 56.1 20 Oct 10, 2025 J-GAAP
Sep - Feb, 2025 Results 508,429 18,727 19,421 11,098 64.8 20 Apr 10, 2026 J-GAAP
Revision Rate +2.2% +29.7% +30.3% +15.5% +15.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2026 Prev 1,013,000 30,500 31,500 17,500 102.2 41 Oct 10, 2025 J-GAAP
Aug, 2026 New 1,022,000 34,400 35,700 18,400 107.4 43 Apr 10, 2026 J-GAAP
Revision Rate +0.9% +12.8% +13.3% +5.1% +5.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 494,981 15,359 16,095 8,470 49.5 23 Oct 10, 2025 J-GAAP
Mar - Aug, 2026 Guidance 513,571 15,673 16,279 7,302 42.6 23 Apr 10, 2026 J-GAAP
YoY +3.8% +2.0% +1.1% -13.8% -13.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 922,572 24,388 26,674 13,908 81.3 33 Oct 11, 2024 J-GAAP
Aug, 2025 974,483 30,274 31,929 17,476 102.1 41 Oct 10, 2025 J-GAAP
Aug, 2026 Guidance 1,022,000 34,400 35,700 18,400 107.4 43 Apr 10, 2026 J-GAAP
YoY +4.9% +13.6% +11.8% +5.3% +5.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2024 255,333 10,462 11,032 6,200 36.2 4.1 Apr 11, 2025 J-GAAP
Mar - May, 2025 250,400 9,600 9,735 6,131 35.8 3.8 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 244,581 5,759 6,360 2,339 13.7 2.4 Oct 10, 2025 J-GAAP
Sep - Nov, 2025 238,687 7,401 7,663 4,471 26.1 3.1 Jan 14, 2026 J-GAAP
Dec - Feb, 2025 269,742 11,326 11,758 6,627 38.7 4.2 Apr 10, 2026 J-GAAP
YoY +5.6% +8.3% +6.6% +6.9% +6.8%

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