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Sobal, 1% Decrease in Ordinary Profit for The Current Fiscal Year
2186 Sobal Corporation 【J-GAAP】
Earnings ReportSobal Corporation <2186> [TSE Std] announced its financial results after the market closed on April 13th (15:30). The consolidated ordinary profit for the fiscal year ended February 2026 increased by 5.4% from the previous period to 680 million yen. However, for the fiscal year ending February 2027, the consolidated ordinary profit is expected to decrease by 1.5% from the previous period to 670 million yen.
In the most recent three-month period, from December to February (4Q), the consolidated ordinary profit surged 3.1 times that of the same period last year, reaching 171 million yen. The operating profit margin significantly improved from 1.6% in the same period last year to 6.5%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2024 | 8,169 | 670 | 691 | 513 | 65.3 | 33 | Apr 10, 2024 | J-GAAP |
| Feb, 2025 | 8,682 | 612 | 645 | 432 | 54.9 | 33 | Apr 11, 2025 | J-GAAP |
| Feb, 2026 | 8,976 | 662 | 680 | 460 | 58.5 | 33 | Apr 13, 2026 | J-GAAP |
| YoY | +3.4% | +8.2% | +5.4% | +6.5% | +6.5% |
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 | 8,900 | 650 | 660 | 440 | 55.9 | 33 | Apr 11, 2025 | J-GAAP |
| Feb, 2026 Results | 8,976 | 662 | 680 | 460 | 58.5 | 33 | Apr 13, 2026 | J-GAAP |
| Revision Rate | +0.9% | +1.8% | +3.0% | +4.5% | +4.6% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar - Aug, 2025 | 4,357 | 308 | 313 | 208 | 26.5 | 16.50 | Oct 14, 2025 | J-GAAP |
| Mar - Aug, 2026 Guidance | 4,900 | 240 | 240 | 140 | 17.8 | 16.50 | Apr 13, 2026 | J-GAAP |
| YoY | +12.5% | -22.1% | -23.3% | -32.7% | -32.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2025 | 8,682 | 612 | 645 | 432 | 54.9 | 33 | Apr 11, 2025 | J-GAAP |
| Feb, 2026 | 8,976 | 662 | 680 | 460 | 58.5 | 33 | Apr 13, 2026 | J-GAAP |
| Feb, 2027 Guidance | 10,000 | 650 | 670 | 420 | 53.4 | 33 | Apr 13, 2026 | J-GAAP |
| YoY | +11.4% | -1.8% | -1.5% | -8.7% | -8.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec - Feb, 2024 | 2,202 | 36 | 56 | 30 | 3.8 | 1.6 | Apr 11, 2025 | J-GAAP |
| Mar - May, 2025 | 2,197 | 165 | 167 | 110 | 14.1 | 7.5 | Jul 11, 2025 | J-GAAP |
| Jun - Aug, 2025 | 2,160 | 143 | 146 | 98 | 12.5 | 6.6 | Oct 14, 2025 | J-GAAP |
| Sep - Nov, 2025 | 2,213 | 197 | 196 | 132 | 16.8 | 8.9 | Jan 9, 2026 | J-GAAP |
| Dec - Feb, 2025 | 2,406 | 157 | 171 | 120 | 15.3 | 6.5 | Apr 13, 2026 | J-GAAP |
| YoY | +9.3% | +336.1% | +205.4% | +300.0% | +299.5% |
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