Happiness and D, First Half Operating Profit Turns to Profit, Dec-Feb Operating Profit Increases by 2.3 times

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Tue Apr 14, 2026 3:40 pm JST Earnings

3174 Happiness and D Co.,Ltd. 【J-GAAP】

Earnings Report

Happiness and D Co.,Ltd. <3174> [TSE Std] announced its financial results after the market closed on April 14th (15:40). The consolidated operating profit/loss for the cumulative second quarter of the fiscal year ending August 2026 (September 2025 to February 2026) turned into a profit of 4 million yen (compared to a loss of 81 million yen in the same period last year). Progress toward the full-year plan of 30 million yen was 13.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating profit/loss for the March to August period (second half) is expected to turn into a profit of 26 million yen (compared to a loss of 323 million yen in the same period last year).

In the most recent three-month period, from December to February (2Q), the consolidated operating profit surged 2.3 times that of the same period last year, reaching 142 million yen. The operating profit margin significantly improved from 2.2% in the same period last year to 5.5%.

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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	5,974	44	30	-19	-7.8	ー	Apr 12, 2024	J-GAAP
Sep - Feb, 2024	4,726	-81	-97	-205	-80.6	ー	Apr 14, 2025	J-GAAP
Sep - Feb, 2025	4,387	4	-16	-36	-13.1	ー	Apr 14, 2026	J-GAAP
YoY	-7.2%	－	+83.5%	+82.4%	+83.8%

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	4,371	135	113	95	32.3	0	Oct 15, 2025	J-GAAP
Sep - Feb, 2025 Results	4,387	4	-16	-36	-13.1	0	Apr 14, 2026	J-GAAP
Revision Rate	+0.4%	-97.0%	－	－	－

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	4,115	-323	-338	-603	-237.0	0	Oct 15, 2025	J-GAAP
Mar - Aug, 2026 Guidance	4,094	26	3	-16	-5.1	0	Apr 14, 2026	J-GAAP
YoY	-0.5%	－	－	+97.3%	+97.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024	10,780	-158	-186	-459	-180.4	15	Oct 15, 2024	J-GAAP
Aug, 2025	8,841	-404	-435	-808	-317.6	7.50	Oct 15, 2025	J-GAAP
Aug, 2026 Guidance	8,481	30	-13	-52	-16.5	0	Oct 15, 2025	J-GAAP
YoY	-4.1%	－	+97.0%	+93.6%	+94.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Dec - Feb, 2024	2,769	61	53	-52	-20.5	2.2	Apr 14, 2025	J-GAAP
Mar - May, 2025	1,981	-166	-173	-229	-90.0	-8.4	Jul 15, 2025	J-GAAP
Jun - Aug, 2025	2,134	-157	-165	-374	-147.0	-7.4	Oct 15, 2025	J-GAAP
Sep - Nov, 2025	1,815	-138	-149	-153	-59.7	-7.6	Jan 14, 2026	J-GAAP
Dec - Feb, 2025	2,572	142	133	117	42.5	5.5	Apr 14, 2026	J-GAAP
YoY	-7.1%	+132.8%	+150.9%	－	－