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TEAR Corp, First Half Ordinary Profit Decreases by 42%, Jan-Mar Ordinary Profit Decreases by 49%

Thu May 14, 2026 4:20 pm JST Earnings

2485 TEAR Corporation 【J-GAAP】

Earnings Report

TEAR Corporation <2485> [TSE Std] announced its financial results after the market closed on May 14th (16:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) dropped 42.3% from the same period last year to 0.90 billion yen. Progress toward the full-year plan of 1.82 billion yen was 49.8%, also falling below the five-year average of 80.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (second half) is expected to surge 916 times that of the same period last year, reaching 0.91 billion yen.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit dropped to 0.49 billion yen, a 49.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 16.5% in the same period last year to 9.7%.

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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
Oct - Mar, 2023 9,142 956 793 519 23.1 63.8 May 15, 2024 J-GAAP
Oct - Mar, 2024 11,589 1,568 1,575 1,017 45.2 99.9 May 14, 2025 J-GAAP
Oct - Mar, 2025 11,422 1,004 909 517 23.0 49.8 May 14, 2026 J-GAAP
YoY -1.4% -36.0% -42.3% -49.2% -49.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Guidance 11,420 1,000 905 515 22.9 10 May 8, 2026 J-GAAP
Oct - Mar, 2025 Results 11,422 1,004 909 517 23.0 10 May 14, 2026 J-GAAP
Revision Rate +0.0% +0.4% +0.4% +0.4% +0.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 9,974 75 1 -126 -5.6 10 Nov 13, 2025 J-GAAP
Apr - Sep, 2026 Guidance 12,278 1,031 916 533 23.7 13 May 14, 2026 J-GAAP
YoY +23.1% +1,274.7% +91,500.0% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 18,839 1,438 1,243 752 33.4 20 Nov 14, 2024 J-GAAP
Sep, 2025 21,563 1,643 1,576 891 39.6 20 Nov 13, 2025 J-GAAP
Sep, 2026 Guidance 23,700 2,035 1,825 1,050 46.7 23 Nov 13, 2025 J-GAAP
YoY +9.9% +23.9% +15.8% +17.8% +17.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 6,161 1,015 978 630 28.0 16.5 May 14, 2025 J-GAAP
Apr - Jun, 2025 5,171 255 228 114 5.1 4.9 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 4,803 -180 -227 -240 -10.7 -3.7 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 5,771 455 411 226 10.1 7.9 Feb 12, 2026 J-GAAP
Jan - Mar, 2026 5,651 549 498 291 13.0 9.7 May 14, 2026 J-GAAP
YoY -8.3% -45.9% -49.1% -53.8% -53.8%

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