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HIKARI HEIGHTS-VARUS, Ordinary Profit Forecast for the Fiscal Year Revised Downward to a Loss

Fri Feb 13, 2026 3:30 pm JST Earnings

2137 HIKARI HEIGHTS-VARUS CO.,LTD. 【J-GAAP】

Earnings Report

HIKARI HEIGHTS-VARUS CO.,LTD. <2137> [SSE Ambs] announced its financial results after the market closed on February 13th (15:30). The ordinary loss (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded to a loss of 218 million yen (compared to a loss of 192 million yen in the same period last year).

In addition, the full-year forecast for ordinary profit/loss has been revised downward from an expected profit of 40 million yen to a loss of 270 million yen (compared to a loss of 263 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 ordinary profit/loss for the October to March period (second half) has been revised downward from an expected profit of 252 million yen to a loss of 58 million yen (compared to a loss of 138 million yen in the same period of the previous year), turning to a loss outlook.

At the same time, the year-end lump-sum dividend remains undecided.

In the most recent three-month period, from October to December (3Q), the ordinary loss improved to a deficit of 6 million yen (compared to a loss of 67 million yen in the same period last year). The operating profit/loss margin improved from -10.0% in the same period last year to -8.7%.

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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
Apr - Dec, 2023 2,285 19 64 47 22.8 112.3 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 2,282 -226 -192 -230 -110.1 ー Feb 14, 2025 J-GAAP
Apr - Dec, 2025 2,284 -322 -218 -223 -106.8 ー Feb 13, 2026 J-GAAP
YoY +0.1% -42.5% -13.5% +3.0% +3.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 1,879 286 252 235 112.5 － Nov 14, 2025 J-GAAP
Oct - Mar, 2025 New 1,529 -124 -58 -65 -31.1 － Feb 13, 2026 J-GAAP
Revision Rate -18.6% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 3,400 30 40 20 9.6 － May 14, 2025 J-GAAP
Mar, 2026 New 3,050 -380 -270 -280 -134.0 － Feb 13, 2026 J-GAAP
Revision Rate -10.3% － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 1,532 -212 -138 -137 -65.7 0 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,529 -124 -58 -65 -31.1 － Feb 13, 2026 J-GAAP
YoY -0.2% +41.5% +58.0% +52.6% +52.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 3,025 -11 57 42 20.2 12 May 15, 2024 J-GAAP
Mar, 2025 3,043 -361 -263 -296 -142.0 0 May 14, 2025 J-GAAP
Mar, 2026 Guidance 3,050 -380 -270 -280 -134.0 － Feb 13, 2026 J-GAAP
YoY +0.2% -5.3% -2.7% +5.4% +5.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 771 -77 -67 -71 -34.0 -10.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 761 -135 -71 -66 -31.7 -17.7 May 14, 2025 J-GAAP
Apr - Jun, 2025 762 -151 -156 -159 -76.4 -19.8 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 759 -105 -56 -56 -26.9 -13.8 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 763 -66 -6 -8 -3.8 -8.7 Feb 13, 2026 J-GAAP
YoY -1.0% +14.3% +91.0% +88.7% +88.7%

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