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Puequ, First Half Ordinary Profit Decreases by 23%, Dec-Feb Ordinary Profit Decreases by 39%

Mon Apr 13, 2026 3:30 pm JST Earnings

9264 Puequ Co., LTD. 【J-GAAP】

Earnings Report

Puequ Co., LTD. <9264> [TSE Std] announced its financial results after the market closed on April 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending August 2026 (September 2025 to February 2026) decreased 22.6% from the same period last year to 0.39 billion yen. Progress toward the full-year plan of 1.15 billion yen was 34.5%, also falling below the five-year average of 52.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the March to August period (second half) is expected to expand 59.2% from the same period last year, reaching 0.75 billion yen.

In the most recent three-month period, from December to February (2Q), the consolidated ordinary profit dropped to 0.18 billion yen, a 38.8% decrease compared to the same period last year. The operating profit margin significantly dropped from 10.3% in the same period last year to 6.7%.

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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 4,198 364 370 233 50.8 86.0 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 5,274 492 513 320 68.7 52.0 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 5,305 386 397 250 55.4 34.5 Apr 13, 2026 J-GAAP
YoY +0.6% -21.5% -22.6% -21.9% -19.3%

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 0 Oct 15, 2025 J-GAAP
Sep - Feb, 2025 Results 5,305 386 397 250 55.4 0 Apr 13, 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 4,840 419 473 253 54.6 70 Oct 15, 2025 J-GAAP
Mar - Aug, 2026 Guidance 5,495 734 753 440 97.3 75 Apr 13, 2026 J-GAAP
YoY +13.5% +75.2% +59.2% +73.9% +78.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 8,371 555 430 195 42.3 53 Oct 15, 2024 J-GAAP
Aug, 2025 10,114 911 986 573 123.6 70 Oct 15, 2025 J-GAAP
Aug, 2026 Guidance 10,800 1,120 1,150 690 152.6 75 Oct 15, 2025 J-GAAP
YoY +6.8% +22.9% +16.6% +20.4% +23.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2024 2,730 280 299 188 40.3 10.3 Apr 14, 2025 J-GAAP
Mar - May, 2025 2,350 192 164 78 16.7 8.2 Jul 14, 2025 J-GAAP
Jun - Aug, 2025 2,490 227 309 175 37.8 9.1 Oct 15, 2025 J-GAAP
Sep - Nov, 2025 2,761 216 214 138 30.6 7.8 Jan 14, 2026 J-GAAP
Dec - Feb, 2025 2,544 170 183 112 24.8 6.7 Apr 13, 2026 J-GAAP
YoY -6.8% -39.3% -38.8% -40.4% -38.4%

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