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MFS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 3%

Thu May 14, 2026 3:30 pm JST Earnings

196A MFS,Inc. 【J-GAAP】

Earnings Report

MFS,Inc. <196A> [TSE Growth] announced its financial results after the market closed on May 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending June 2026 (July 2025 to March 2026) significantly dropped 55.7% from the same period last year to 77 million yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 2.7%, from the previous forecast of 186 million yen to 191 million yen (compared to 198 million yen in the previous period), and the declining rate is expected to decrease from 6.1% to 3.5%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the January to June period (second half) is expected to increase 2.2%, from the previous forecast of 229 million yen to 234 million yen (compared to 146 million yen in the same period of the previous year), increasing the growth rate from 56.8% to 60.3%.

In the most recent three-month period, from January to March (3Q), the consolidated ordinary profit amounted to 120 million yen, a 1.6% decrease compared to the same period last year. The operating profit margin sharply declined from 14.8% in the same period last year to 4.5%.

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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, 2024 1,955 174 174 128 14.2 87.9 May 13, 2025 J-GAAP
Jul - Mar, 2025 5,764 64 77 57 6.1 40.3 May 14, 2026 J-GAAP
YoY +194.8% -63.2% -55.7% -55.5% -57.0%

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 529 243 229 200 19.6 0 Feb 13, 2026 J-GAAP
Jan - Jun, 2026 New 4,842 248 234 204 20.0 0 May 14, 2026 J-GAAP
Revision Rate +815.3% +2.1% +2.2% +2.0% +2.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2026 Prev 3,779 195 186 146 14.3 0 Nov 13, 2025 J-GAAP
Jun, 2026 New 8,092 200 191 150 14.7 0 May 14, 2026 J-GAAP
Revision Rate +114.1% +2.6% +2.7% +2.7% +2.7%

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 1,786 144 146 126 13.9 0 Aug 13, 2025 J-GAAP
Jan - Jun, 2026 Guidance 4,842 248 234 204 20.0 0 May 14, 2026 J-GAAP
YoY +171.1% +72.2% +60.3% +61.9% +44.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2024 1,889 -110 -144 -121 -18.9 0 Aug 14, 2024 J-GAAP
Jun, 2025 2,917 196 198 160 17.6 0 Aug 13, 2025 J-GAAP
Jun, 2026 Guidance 8,092 200 191 150 14.7 0 May 14, 2026 J-GAAP
YoY +177.4% +2.0% -3.5% -6.3% -16.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 824 122 122 94 10.4 14.8 May 13, 2025 J-GAAP
Apr - Jun, 2025 962 22 24 32 3.5 2.3 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 1,405 -11 -7 -16 -1.8 -0.8 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 1,845 -37 -36 -38 -4.2 -2.0 Feb 13, 2026 J-GAAP
Jan - Mar, 2026 2,514 112 120 111 11.9 4.5 May 14, 2026 J-GAAP
YoY +205.1% -8.2% -1.6% +18.1% +14.1%

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