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M H GROUP, Ordinary Profit Forecast for the Fiscal Year Revised Downward to a Loss, Dividend Dividend Also Turns into No Dividend

Thu May 14, 2026 3:30 pm JST Earnings

9439 M･H･GROUP LTD. 【J-GAAP】

Earnings Report

M･H･GROUP LTD. <9439> [TSE Std] announced its financial results after the market closed on May 14th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending June 2026 (July 2025 to March 2026) turned into a loss of 23 million yen (compared to a profit of 5 million yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit/loss has been revised downward from an expected profit of 30 million yen to a loss of 118 million yen (compared to a loss of 7 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the January to June period (second half) has been revised downward from an expected profit of 29 million yen to a loss of 119 million yen (compared to a loss of 24 million yen in the same period of the previous year), turning to a loss outlook.

Due to a decline in performance, the plan to pay a year-end lump-sum dividend of 0.5 yen has been abandoned, and the policy has been set to forego dividends for the first time in three terms, falling to a no-dividend status (compared to 0.5 yen in the prior term).

In the most recent three-month period, from January to March (3Q), the consolidated ordinary loss expanded to a loss of 24 million yen (compared to a loss of 12 million yen in the same period last year). The operating profit/loss margin worsened from -3.0% in the same period last year to -6.0%.

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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, 2023 1,418 31 35 19 1.7 134.6 May 13, 2024 J-GAAP
Jul - Mar, 2024 1,387 2 5 0 0.0 ー May 13, 2025 J-GAAP
Jul - Mar, 2025 1,381 -26 -23 -28 -2.4 ー May 14, 2026 J-GAAP
YoY -0.4% － － － －

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 1,055 30 29 16 1.4 0.50 Feb 12, 2026 J-GAAP
Jan - Jun, 2026 New 895 -120 -119 -122 -10.6 0 May 14, 2026 J-GAAP
Revision Rate -15.2% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2026 Prev 2,000 30 30 15 1.3 0.50 Aug 15, 2025 J-GAAP
Jun, 2026 New 1,840 -120 -118 -123 -10.7 0 May 14, 2026 J-GAAP
Revision Rate -8.0% － － － －

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 885 -24 -24 -27 -2.4 0.50 Aug 15, 2025 J-GAAP
Jan - Jun, 2026 Guidance 895 -120 -119 -122 -10.6 0 May 14, 2026 J-GAAP
YoY +1.1% -400.0% -395.8% -351.9% -338.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2024 1,877 23 26 12 1.1 1 Aug 16, 2024 J-GAAP
Jun, 2025 1,844 -9 -7 -17 -1.5 0.50 Aug 15, 2025 J-GAAP
Jun, 2026 Guidance 1,840 -120 -118 -123 -10.7 0 May 14, 2026 J-GAAP
YoY -0.2% -1,233.3% -1,585.7% -623.5% -601.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 428 -13 -12 -10 -0.9 -3.0 May 13, 2025 J-GAAP
Apr - Jun, 2025 457 -11 -12 -17 -1.5 -2.4 Aug 15, 2025 J-GAAP
Jul - Sep, 2025 456 -14 -13 -15 -1.3 -3.1 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 489 14 14 14 1.5 2.9 Feb 12, 2026 J-GAAP
Jan - Mar, 2026 436 -26 -24 -27 -2.3 -6.0 May 14, 2026 J-GAAP
YoY +1.9% -100.0% -100.0% -170.0% -160.0%

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