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TRUST Holdings, Net Income Forecast for the Fiscal Year Revised Downward to a Loss, 57% Deficit Against Net Assets

Fri May 8, 2026 3:30 pm JST Earnings

3286 TRUST Holdings Inc. 【J-GAAP】

Earnings Report

TRUST Holdings Inc. <3286> [TSE Std] announced its financial results after the market closed on May 8th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending June 2026 (July 2025 to March 2026) turned into a loss of 102 million yen (compared to a profit of 56 million yen in the same period last year).

In addition, the full-year forecast for consolidated net income/loss has been revised downward from an expected profit of 200 million yen to a loss of 690 million yen (compared to a profit of 345 million yen in the previous period), turning to a loss outlook The deficit amounted to a 56.7% impairment of net assets at the end of the previous fiscal year..

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the January to June period (second half) has been revised downward from an expected profit of 240 million yen to a loss of 650 million yen (compared to a profit of 230 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from January to March (3Q), the consolidated net loss expanded to a loss of 62 million yen (compared to a loss of 59 million yen in the same period last year). However, the operating profit/loss margin remained almost flat, changing from -2.7% in the same period last year to -2.7%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jul - Mar, 2023 9,412 422 368 208 55.4 60.6 May 10, 2024 J-GAAP
Jul - Mar, 2024 8,878 216 147 56 14.7 31.0 May 9, 2025 J-GAAP
Jul - Mar, 2025 7,346 -60 -135 -102 -26.6 ー May 8, 2026 J-GAAP
YoY -17.3% － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2026 Prev 8,902 450 356 240 62.1 9 Feb 9, 2026 J-GAAP
Jan - Jun, 2026 New 6,802 -470 -534 -650 -168.1 9 May 8, 2026 J-GAAP
Revision Rate -23.6% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2026 Prev 14,000 450 310 200 51.7 18 Aug 8, 2025 J-GAAP
Jun, 2026 New 11,900 -470 -580 -690 -178.4 18 May 8, 2026 J-GAAP
Revision Rate -15.0% － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 6,264 252 237 230 60.4 11 Aug 8, 2025 J-GAAP
Jan - Jun, 2026 Guidance 6,802 -470 -534 -650 -168.1 9 May 8, 2026 J-GAAP
YoY +8.6% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2024 13,694 675 607 338 89.6 16 Aug 9, 2024 J-GAAP
Jun, 2025 12,887 529 474 345 90.6 19 Aug 8, 2025 J-GAAP
Jun, 2026 Guidance 11,900 -470 -580 -690 -178.4 18 May 8, 2026 J-GAAP
YoY -7.7% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 2,255 -61 -90 -59 -15.5 -2.7 May 9, 2025 J-GAAP
Apr - Jun, 2025 4,009 313 327 289 75.9 7.8 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 2,468 -24 -48 -40 -10.6 -1.0 Nov 7, 2025 J-GAAP
Oct - Dec, 2025 2,630 24 2 0 0.0 0.9 Feb 9, 2026 J-GAAP
Jan - Mar, 2026 2,248 -60 -89 -62 -16.2 -2.7 May 8, 2026 J-GAAP
YoY -0.3% +1.6% +1.1% -5.1% -4.5%

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