eSOL, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 10%, Second Half Dividend Postponed

Tue Sep 1, 2026 8:45 pm JST Revision

4420 eSOL Co.,Ltd. 【J-GAAP】

eSOL Co.,Ltd. <4420> [TSE Std] announced a revision to its performance and dividend after the market closed on September 1st (20:45). The consolidated ordinary profit forecast for the fiscal year ending December 2026 has decreased 10.3%, from the previous forecast of 1.19 billion yen to 1.07 billion yen (compared to 0.86 billion yen in the previous period), leading to a reduction in the profit growth rate from 38.9% to 24.7%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) consolidated ordinary profit has decreased 14.0%, from the previous forecast of 0.87 billion yen to 0.75 billion yen (compared to 0.64 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 36.1% to 17.0%.

At the same time, In conjunction with a Tender Offer Bid (TOB), the company has decided to forgo the the second half of 4 yen for the current fiscal year.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2026 Prev	8,373M	850M	879M	545M	27.6	4	Aug 10, 2026	J-GAAP
Jul - Dec, 2026 New	8,045M	713M	756M	188M	9.5	0	Sep 1, 2026	J-GAAP
Revision Rate	-3.9%	-16.1%	-14.0%	-65.5%	-65.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2026 Prev	14,731M	1,093M	1,199M	824M	41.8	5.50	Feb 13, 2026	J-GAAP
Dec, 2026 New	14,403M	956M	1,076M	467M	23.7	1.50	Sep 1, 2026	J-GAAP
Revision Rate	-2.2%	-12.5%	-10.3%	-43.3%	-43.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2025	6,482M	632M	646M	459M	23.9	4	Feb 13, 2026	J-GAAP
Guidance Jul - Dec, 2026	8,045M	713M	756M	188M	9.5	0	Sep 1, 2026	J-GAAP
YoY	+24.1%	+12.8%	+17.0%	-59.0%	-60.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024	11,908M	1,113M	1,163M	892M	45.7	5.50	Feb 14, 2025	J-GAAP
Dec, 2025	12,129M	815M	863M	598M	31.2	5.50	Feb 13, 2026	J-GAAP
Guidance Dec, 2026	14,403M	956M	1,076M	467M	23.7	1.50	Sep 1, 2026	J-GAAP
YoY	+18.7%	+17.3%	+24.7%	-21.9%	-24.1%

eSOL, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 10%, Second Half Dividend Postponed

Guidance Update

Current Period Guidance

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