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BUNKYODO, First Half Ordinary Profit Decreases by 78%

Tue Apr 14, 2026 3:30 pm JST Earnings

9978 BUNKYODO GROUP HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

BUNKYODO GROUP HOLDINGS CO.,LTD. <9978> [TSE Std] announced its financial results after the market closed on April 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending August 2026 (September 2025 to February 2026) significantly dropped 77.8% from the same period last year to 8 million yen, fell short of the previous forecast of 20 million yen.

Progress toward the full-year plan of 35 million yen was 22.9%, also falling below the five-year average of 58.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the March to August period (second half) is expected to turn into a profit of 27 million yen (compared to a loss of 119 million yen in the same period last year).

In the most recent three-month period, from December to February (2Q), the consolidated ordinary profit dropped to 55 million yen, a 35.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.4% in the same period last year to 2.1%.

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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 7,642 31 46 38 0.9 80.7 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 7,430 53 36 28 0.6 ー Apr 11, 2025 J-GAAP
Sep - Feb, 2025 7,403 40 8 1 0.0 22.9 Apr 14, 2026 J-GAAP
YoY -0.4% -24.5% -77.8% -96.4% -96.8%

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 7,100 20 20 15 0.3 0 Oct 15, 2025 J-GAAP
Sep - Feb, 2025 Results 7,403 40 8 1 0.0 0 Apr 14, 2026 J-GAAP
Revision Rate +4.3% +100.0% -60.0% -93.3% -94.1%

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 7,026 -141 -119 -182 -4.2 0 Oct 15, 2025 J-GAAP
Mar - Aug, 2026 Guidance 6,597 0 27 19 0.3 0 Apr 14, 2026 J-GAAP
YoY -6.1% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 14,925 31 57 42 1.0 0 Oct 15, 2024 J-GAAP
Aug, 2025 14,456 -88 -83 -154 -3.6 0 Oct 15, 2025 J-GAAP
Aug, 2026 Guidance 14,000 40 35 20 0.3 0 Oct 15, 2025 J-GAAP
YoY -3.2% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2024 3,978 94 85 80 1.8 2.4 Apr 11, 2025 J-GAAP
Mar - May, 2025 3,752 -20 5 0 0.0 -0.5 Jul 15, 2025 J-GAAP
Jun - Aug, 2025 3,274 -121 -124 -182 -4.2 -3.7 Oct 15, 2025 J-GAAP
Sep - Nov, 2025 3,442 -44 -47 -50 -1.2 -1.3 Jan 14, 2026 J-GAAP
Dec - Feb, 2025 3,961 84 55 51 1.0 2.1 Apr 14, 2026 J-GAAP
YoY -0.4% -10.6% -35.3% -36.3% -43.3%

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