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WADAKOHSAN, 25% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Fri Apr 10, 2026 3:30 pm JST Earnings

8931 WADAKOHSAN CORPORATION 【J-GAAP】

Earnings Report

WADAKOHSAN CORPORATION <8931> [TSE Std] announced its financial results after the market closed on April 10th (15:30). The ordinary profit (non-consolidated) for the fiscal year ended February 2026 decreased by 11.6% from the previous period to 3.98 billion yen. For the fiscal year ending February 2027, the ordinary profit is expected to decrease by 24.7% from the previous period to 3.00 billion yen.

At the same time, the company increased the annual dividend for the previous term from 70 yen to 72 yen (compared to 70 yen in the prior term), and has decided to reduce the dividend this fiscal year to 60 yen, a decrease of 12 yen from the previous fiscal year.

In the most recent three-month period, from December to February (4Q), the ordinary profit/loss turned to a loss of 0.54 billion yen (compared to a profit of 0.41 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 9.8% in the same period last year to -5.3%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 38,825 4,528 3,820 2,638 237.7 60 Apr 12, 2024 J-GAAP
Feb, 2025 40,130 5,285 4,502 3,122 284.5 70 Apr 11, 2025 J-GAAP
Feb, 2026 42,144 4,988 3,982 2,623 239.4 72 Apr 10, 2026 J-GAAP
YoY +5.0% -5.6% -11.6% -16.0% -15.8%

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 41,000 4,500 3,500 2,500 228.2 70 Apr 11, 2025 J-GAAP
Feb, 2026 Results 42,144 4,988 3,982 2,623 239.4 72 Apr 10, 2026 J-GAAP
Revision Rate +2.8% +10.8% +13.8% +4.9% +4.9%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 22,182 2,758 2,305 1,647 150.4 35 Oct 3, 2025 J-GAAP
Mar - Aug, 2026 Guidance 21,000 1,600 900 700 63.9 25 Apr 10, 2026 J-GAAP
YoY -5.3% -42.0% -61.0% -57.5% -57.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 40,130 5,285 4,502 3,122 284.5 70 Apr 11, 2025 J-GAAP
Feb, 2026 42,144 4,988 3,982 2,623 239.4 72 Apr 10, 2026 J-GAAP
Feb, 2027 Guidance 46,000 4,300 3,000 2,100 191.7 60 Apr 10, 2026 J-GAAP
YoY +9.1% -13.8% -24.7% -19.9% -20.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2024 6,384 625 410 309 28.2 9.8 Apr 11, 2025 J-GAAP
Mar - May, 2025 12,313 1,734 1,513 1,109 101.2 14.1 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 9,869 1,024 792 538 49.1 10.4 Oct 3, 2025 J-GAAP
Sep - Nov, 2025 15,408 2,472 2,218 1,463 133.6 16.0 Jan 9, 2026 J-GAAP
Dec - Feb, 2025 4,554 -242 -541 -487 -44.5 -5.3 Apr 10, 2026 J-GAAP
YoY -28.7% － － － －

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