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TOHO HOLDINGS, Ordinary Profit Forecast for Last Fiscal Year Revised Downward to an Unexpected 20% Decrease, Dividend Revised Upward by 45 Yen

Tue Apr 28, 2026 3:30 pm JST Revision

8129 TOHO HOLDINGS CO.,LTD. 【J-GAAP】

Guidance Update Report

TOHO HOLDINGS CO.,LTD. <8129> [TSE Prime] announced a revision to its performance and dividend after the market closed on April 28th (15:30). The consolidated ordinary profit forecast for the fiscal year ending March 2026 has decreased 26.5%, from the previous forecast of 22.6 billion yen to 16.6 billion yen (compared to 20.7 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 19.9% decrease in profit. However, the full-year forecast for consolidated net income has been revised upward 10.2%, from the previous forecast of 15.7 billion yen to 17.3 billion yen (compared to 19.8 billion yen in the previous period), and the declining rate is expected to decrease from 20.9% to 12.8%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated ordinary profit has decreased 42.0%, from the previous forecast of 14.2 billion yen to 8.27 billion yen (compared to 12.1 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 31.8% decrease in profit.

At the same time, the company has significantly increased its planned annual dividend for the last fiscal year from the original plan of 120 yen to 165 yen (compared to 65 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 804,101 13,442 14,271 9,456 146.2 75 Feb 12, 2026 J-GAAP
Oct - Mar, 2025 New 785,101 9,242 8,271 11,056 173.0 120 Apr 28, 2026 J-GAAP
Revision Rate -2.4% -31.2% -42.0% +16.9% +18.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,572,000 20,700 22,600 15,700 242.7 120 Feb 12, 2026 J-GAAP
Mar, 2026 New 1,553,000 16,500 16,600 17,300 270.7 165 Apr 28, 2026 J-GAAP
Revision Rate -1.2% -20.3% -26.5% +10.2% +11.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 763,521 11,556 12,120 14,461 228.2 40 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 785,101 9,242 8,271 11,056 173.0 120 Apr 28, 2026 J-GAAP
YoY +2.8% -20.0% -31.8% -23.5% -24.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,476,712 19,331 21,787 20,657 320.1 40 May 10, 2024 J-GAAP
Mar, 2025 1,518,495 18,936 20,716 19,844 313.2 65 May 14, 2025 J-GAAP
Mar, 2026 Guidance 1,553,000 16,500 16,600 17,300 270.7 165 Apr 28, 2026 J-GAAP
YoY +2.3% -12.9% -19.9% -12.8% -13.6%

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