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Toubujyuhan, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 18%
3297 Toubujyuhan Co.,Ltd. 【J-GAAP】
Earnings ReportToubujyuhan Co.,Ltd. <3297> [TSE Std] announced its financial results after the market closed on April 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending May 2026 (June 2025 to February 2026) was 229 million yen, a 0.9% decrease compared to the same period last year.
However, the full-year forecast for ordinary profit has been revised upward 18.4%, from the previous forecast of 380 million yen to 450 million yen (compared to 507 million yen in the previous period), and the declining rate is expected to decrease from 25.0% to 11.2%.
Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the December to May period (second half) has been revised upward 36.5%, from the previous forecast of 192 million yen to 262 million yen (compared to 325 million yen in the same period of the previous year), and the declining rate is expected to decrease from 40.9% to 19.4%.
In the most recent three-month period, from December to February (3Q), the ordinary profit decreased to 41 million yen, a 16.3% decrease compared to the same period last year. The operating profit margin worsened from 3.0% in the same period last year to 2.2%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun - Feb, 2023 | 4,910 | 123 | 121 | 84 | 31.0 | 39.2 | Apr 11, 2024 | J-GAAP |
| Jun - Feb, 2024 | 5,674 | 233 | 231 | 153 | 56.7 | 45.6 | Apr 14, 2025 | J-GAAP |
| Jun - Feb, 2025 | 5,252 | 224 | 229 | 155 | 57.3 | 50.9 | Apr 14, 2026 | J-GAAP |
| YoY | -7.4% | -3.9% | -0.9% | +1.3% | +0.9% |
Guidance Update
Second Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec - May, 2025 Prev | 4,200 | 203 | 192 | 122 | 45.0 | 40 | Jan 13, 2026 | J-GAAP |
| Dec - May, 2025 New | 4,050 | 263 | 262 | 172 | 63.5 | 40 | Apr 14, 2026 | J-GAAP |
| Revision Rate | -3.6% | +29.6% | +36.5% | +41.0% | +41.0% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| May, 2026 Prev | 7,800 | 390 | 380 | 250 | 92.2 | 40 | Jul 14, 2025 | J-GAAP |
| May, 2026 New | 7,650 | 450 | 450 | 300 | 110.7 | 40 | Apr 14, 2026 | J-GAAP |
| Revision Rate | -1.9% | +15.4% | +18.4% | +20.0% | +20.0% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec - May, 2024 | 4,168 | 328 | 325 | 222 | 81.9 | 40 | Jul 14, 2025 | J-GAAP |
| Dec - May, 2025 Guidance | 4,050 | 263 | 262 | 172 | 63.5 | 40 | Apr 14, 2026 | J-GAAP |
| YoY | -2.8% | -19.8% | -19.4% | -22.5% | -22.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| May, 2024 | 7,263 | 311 | 309 | 212 | 78.5 | 39 | Jul 11, 2024 | J-GAAP |
| May, 2025 | 8,185 | 511 | 507 | 343 | 126.6 | 40 | Jul 14, 2025 | J-GAAP |
| May, 2026 Guidance | 7,650 | 450 | 450 | 300 | 110.7 | 40 | Apr 14, 2026 | J-GAAP |
| YoY | -6.5% | -11.9% | -11.2% | -12.5% | -12.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec - Feb, 2024 | 1,657 | 50 | 49 | 32 | 11.9 | 3.0 | Apr 14, 2025 | J-GAAP |
| Mar - May, 2025 | 2,511 | 278 | 276 | 190 | 70.1 | 11.1 | Jul 14, 2025 | J-GAAP |
| Jun - Aug, 2025 | 1,626 | 28 | 28 | 17 | 6.6 | 1.7 | Oct 14, 2025 | J-GAAP |
| Sep - Nov, 2025 | 1,974 | 159 | 160 | 111 | 41.1 | 8.1 | Jan 13, 2026 | J-GAAP |
| Dec - Feb, 2025 | 1,652 | 37 | 41 | 27 | 10.0 | 2.2 | Apr 14, 2026 | J-GAAP |
| YoY | -0.3% | -26.0% | -16.3% | -15.6% | -16.0% |
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