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West Holdings, First Half Ordinary Profit Decreases by 49%

Tue Apr 14, 2026 10:00 am JST Earnings

1407 West Holdings corporation 【J-GAAP】

Earnings Report

West Holdings corporation <1407> [TSE Std] announced its financial results in the morning on April 14th (10:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending August 2026 (September 2025 to February 2026) dropped 49.4% from the same period last year to 0.56 billion yen, fell short of the previous forecast of 0.94 billion yen.

Progress toward the full-year plan of 9.67 billion yen was 5.8%, also falling below the five-year average of 24.0%.

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 33.1% from the same period last year, reaching 9.11 billion yen.

In the most recent three-month period, from December to February (2Q), the consolidated ordinary profit decreased to 0.85 billion yen, a 15.5% decrease compared to the same period last year. The operating profit margin decreased from 12.7% in the same period last year to 12.5%.

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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 19,915 2,913 2,568 1,864 45.8 25.8 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 14,868 1,438 1,112 546 13.8 14.0 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 15,180 1,301 563 357 9.0 5.8 Apr 14, 2026 J-GAAP
YoY +2.1% -9.5% -49.4% -34.6% -34.5%

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 16,050 1,843 943 583 14.7 35 Oct 15, 2025 J-GAAP
Sep - Feb, 2025 Results 15,180 1,301 563 357 9.0 35 Apr 14, 2026 J-GAAP
Revision Rate -5.4% -29.4% -40.3% -38.8% -38.6%

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 32,382 7,208 6,849 4,811 121.3 65 Oct 15, 2025 J-GAAP
Mar - Aug, 2026 Guidance 39,280 10,075 9,113 6,245 157.5 35 Apr 14, 2026 J-GAAP
YoY +21.3% +39.8% +33.1% +29.8% +29.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 50,390 10,597 9,956 6,757 167.5 65 Oct 15, 2024 J-GAAP
Aug, 2025 47,250 8,646 7,961 5,357 135.1 65 Oct 15, 2025 J-GAAP
Aug, 2026 Guidance 54,460 11,376 9,676 6,602 166.5 70 Oct 15, 2025 J-GAAP
YoY +15.3% +31.6% +21.5% +23.2% +23.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2024 9,603 1,217 1,007 668 16.9 12.7 Apr 14, 2025 J-GAAP
Mar - May, 2025 7,133 584 473 229 5.8 8.2 Jul 15, 2025 J-GAAP
Jun - Aug, 2025 25,249 6,624 6,376 4,582 115.6 26.2 Oct 15, 2025 J-GAAP
Sep - Nov, 2025 5,847 137 -288 -209 -5.3 2.3 Jan 14, 2026 J-GAAP
Dec - Feb, 2025 9,333 1,164 851 566 14.3 12.5 Apr 14, 2026 J-GAAP
YoY -2.8% -4.4% -15.5% -15.3% -15.2%

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