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Sobal, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 14%, Sep-Nov Ordinary Profit Decreases by 23%

Fri Jan 9, 2026 3:30 pm JST Earnings

2186 Sobal Corporation 【J-GAAP】

Earnings Report

Sobal Corporation <2186> [TSE Std] announced its financial results after the market closed on January 9th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2026 (March to November) decreased 13.6% from the same period last year to 509 million yen. Progress toward the full-year plan of 660 million yen was 77.1%, below the five-year average of 82.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to surge 2.7 times that of the same period last year, reaching 151 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit decreased to 196 million yen, a 22.5% decrease compared to the same period last year. The operating profit margin decreased from 10.8% in the same period last year to 8.9%.

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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
Mar - Nov, 2023 6,048 519 532 356 45.3 77.0 Dec 28, 2023 J-GAAP
Mar - Nov, 2024 6,480 576 589 402 51.1 91.3 Jan 10, 2025 J-GAAP
Mar - Nov, 2025 6,570 505 509 340 43.2 77.1 Jan 9, 2026 J-GAAP
YoY +1.4% -12.3% -13.6% -15.4% -15.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 4,447 278 309 204 25.9 16.50 Apr 11, 2025 J-GAAP
Sep - Feb, 2025 Guidance 4,543 342 347 232 29.5 16.50 Oct 14, 2025 J-GAAP
YoY +2.2% +23.0% +12.3% +13.7% +13.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 8,169 670 691 513 65.3 33 Apr 10, 2024 J-GAAP
Feb, 2025 8,682 612 645 432 54.9 33 Apr 11, 2025 J-GAAP
Feb, 2026 Guidance 8,900 650 660 440 55.9 33 Apr 11, 2025 J-GAAP
YoY +2.5% +6.2% +2.3% +1.9% +1.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 2,245 242 253 174 22.1 10.8 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 2,202 36 56 30 3.8 1.6 Apr 11, 2025 J-GAAP
Mar - May, 2025 2,197 165 167 110 14.1 7.5 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 2,160 143 146 98 12.5 6.6 Oct 14, 2025 J-GAAP
Sep - Nov, 2025 2,213 197 196 132 16.8 8.9 Jan 9, 2026 J-GAAP
YoY -1.4% -18.6% -22.5% -24.1% -24.1%

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