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G Three Holdings, First Half Net Income Loss Widens, Dec-Feb Net Income Loss Widens

Fri Apr 10, 2026 4:30 pm JST Earnings

3647 ASULINA Co.,Ltd. 【J-GAAP】

Earnings Report

ASULINA Co.,Ltd. <3647> [TSE Std] announced its financial results after the market closed on April 10th (16:30). The consolidated net loss for the cumulative second quarter of the fiscal year ending August 2026 (September 2025 to February 2026) expanded to a loss of 194 million yen (compared to a loss of 173 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 net loss for the March to August period (second half) is expected to further decrease loss of 78 million yen (compared to a loss of 142 million yen in the same period last year).

In the most recent three-month period, from December to February (2Q), the consolidated net loss expanded to a loss of 97 million yen (compared to a loss of 76 million yen in the same period last year). The operating profit/loss margin drastically worsened from -214.7% in the same period last year to -478.9%.

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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 123 -171 -178 -176 -10.5 ー Apr 12, 2024 J-GAAP
Sep - Feb, 2024 66 -171 -177 -173 -9.5 ー Apr 11, 2025 J-GAAP
Sep - Feb, 2025 36 -185 -194 -194 -10.0 ー Apr 10, 2026 J-GAAP
YoY -45.5% -8.2% -9.6% -12.1% -5.7%

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 ー ー ー ー － － Oct 14, 2025 J-GAAP
Sep - Feb, 2025 Results 36 -185 -194 -194 -10.0 0 Apr 10, 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
Mar - Aug, 2025 540 -128 -134 -142 -7.8 0 Oct 14, 2025 J-GAAP
Mar - Aug, 2026 Guidance 1,149 -44 -52 -78 -3.7 － Apr 10, 2026 J-GAAP
YoY +112.8% +65.6% +61.2% +45.1% +52.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 259 -666 -680 -742 -42.2 0 Oct 11, 2024 J-GAAP
Aug, 2025 606 -299 -311 -315 -17.2 0 Oct 14, 2025 J-GAAP
Aug, 2026 Guidance 1,185 -229 -246 -272 -12.8 － Mar 26, 2026 J-GAAP
YoY +95.5% +23.4% +20.9% +13.7% +25.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2024 34 -73 -75 -76 -4.2 -214.7 Apr 11, 2025 J-GAAP
Mar - May, 2025 501 -44 -47 -53 -2.9 -8.8 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 39 -84 -87 -89 -4.9 -215.4 Oct 14, 2025 J-GAAP
Sep - Nov, 2025 17 -94 -97 -97 -5.3 -552.9 Jan 13, 2026 J-GAAP
Dec - Feb, 2025 19 -91 -97 -97 -5.0 -478.9 Apr 10, 2026 J-GAAP
YoY -44.1% -24.7% -29.3% -27.6% -20.4%

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