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WILLPLUS, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 25% Decrease

Thu May 14, 2026 4:30 pm JST Earnings

3538 WILLPLUS Holdings Corporation 【J-GAAP】

Earnings Report

WILLPLUS Holdings Corporation <3538> [TSE Std] announced its financial results after the market closed on May 14th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending June 2026 (July 2025 to March 2026) decreased 26.5% from the same period last year to 1.06 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 36.4%, from the previous forecast of 2.24 billion yen to 1.42 billion yen (compared to 1.89 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 24.8% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the January to June period (second half) has decreased 57.0%, from the previous forecast of 1.43 billion yen to 0.61 billion yen (compared to 1.20 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 48.8% decrease in profit.

In the most recent three-month period, from January to March (3Q), the consolidated ordinary profit significantly dropped to 0.25 billion yen, a 66.4% decrease compared to the same period last year. The operating profit margin worsened from 2.7% in the same period last year to 0.9%.

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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 34,992 956 1,027 663 68.2 65.7 May 14, 2024 J-GAAP
Jul - Mar, 2024 66,219 1,369 1,446 1,143 125.5 76.2 May 13, 2025 J-GAAP
Jul - Mar, 2025 67,820 1,042 1,063 837 92.1 74.5 May 14, 2026 J-GAAP
YoY +2.4% -23.9% -26.5% -26.8% -26.6%

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 50,064 1,515 1,434 586 64.5 28 Feb 12, 2026 J-GAAP
Jan - Jun, 2026 New 50,064 587 617 404 44.4 28 May 14, 2026 J-GAAP
Revision Rate 0.0% -61.3% -57.0% -31.1% -31.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2026 Prev 92,160 2,328 2,244 1,305 143.5 46 Aug 14, 2025 J-GAAP
Jun, 2026 New 92,160 1,400 1,427 1,123 123.5 46 May 14, 2026 J-GAAP
Revision Rate 0.0% -39.9% -36.4% -13.9% -13.9%

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 47,556 1,164 1,205 771 84.7 28.06 Aug 14, 2025 J-GAAP
Jan - Jun, 2026 Guidance 50,064 587 617 404 44.4 28 May 14, 2026 J-GAAP
YoY +5.3% -49.6% -48.8% -47.6% -47.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2024 47,745 1,497 1,562 1,120 116.0 43.51 Aug 14, 2024 J-GAAP
Jun, 2025 88,614 1,849 1,897 1,443 158.4 45.06 Aug 14, 2025 J-GAAP
Jun, 2026 Guidance 92,160 1,400 1,427 1,123 123.5 46 May 14, 2026 J-GAAP
YoY +4.0% -24.3% -24.8% -22.2% -22.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 25,161 684 754 471 51.7 2.7 May 13, 2025 J-GAAP
Apr - Jun, 2025 22,395 480 451 300 32.9 2.1 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 20,705 408 390 232 25.6 2.0 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 21,391 405 420 487 53.6 1.9 Feb 12, 2026 J-GAAP
Jan - Mar, 2026 25,724 229 253 118 13.0 0.9 May 14, 2026 J-GAAP
YoY +2.2% -66.5% -66.4% -74.9% -74.9%

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