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SAINT-CARE, First Half Ordinary Profit Unexpectedly Revised Upward by 3%, Postponed Dividend for This Fiscal Year
2374 SAINT-CARE HOLDING CORPORATION 【J-GAAP】
Earnings ReportSAINT-CARE HOLDING CORPORATION <2374> [TSE Prime] announced its financial results after the market closed on November 7th (17:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 1.36 billion yen, a 2.6% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 28.6% decrease.
Progress toward the full-year plan of 2.02 billion yen was 67.5%, also surpassing the five-year average of 51.9%.
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 October to March period (second half) is expected to drop 41.8% from the same period last year to 0.65 billion yen.
At the same time, In conjunction with a Tender Offer Bid (TOB), the company has decided to forgo the year-end lump-sum dividend of 31 yen for the current fiscal year.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 0.65 billion yen, a 5.7% decrease compared to the same period last year. The operating profit margin worsened from 4.8% in the same period last year to 4.3%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 26,960 | 1,611 | 1,631 | 1,074 | 43.5 | 51.7 | Nov 8, 2023 | J-GAAP |
| Apr - Sep, 2024 | 27,993 | 1,287 | 1,333 | 808 | 32.8 | 54.1 | Nov 8, 2024 | J-GAAP |
| Apr - Sep, 2025 | 28,922 | 1,288 | 1,367 | 1,062 | 43.1 | 67.5 | Nov 7, 2025 | J-GAAP |
| YoY | +3.3% | +0.1% | +2.6% | +31.4% | +31.5% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 29,236 | 972 | 952 | 649 | 26.3 | 0 | May 15, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 28,922 | 1,288 | 1,367 | 1,062 | 43.1 | 0 | Nov 7, 2025 | J-GAAP |
| Revision Rate | -1.1% | +32.5% | +43.6% | +63.6% | +63.8% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 58,588 | 2,061 | 2,026 | 1,336 | 54.2 | 31 | May 15, 2025 | J-GAAP |
| Mar, 2026 New | 58,588 | 2,061 | 2,026 | 1,336 | 54.2 | 0 | Nov 7, 2025 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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 | 28,305 | 1,142 | 1,132 | 679 | 27.6 | 30 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 29,666 | 773 | 659 | 274 | 11.1 | 0 | Nov 7, 2025 | J-GAAP |
| YoY | +4.8% | -32.3% | -41.8% | -59.6% | -59.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 54,057 | 3,034 | 3,155 | 2,005 | 81.2 | 25 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 56,298 | 2,429 | 2,465 | 1,487 | 60.3 | 30 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 58,588 | 2,061 | 2,026 | 1,336 | 54.2 | 0 | Nov 7, 2025 | J-GAAP |
| YoY | +4.1% | -15.2% | -17.8% | -10.2% | -10.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 14,185 | 677 | 690 | 427 | 17.3 | 4.8 | Nov 8, 2024 | J-GAAP |
| Oct - Dec, 2024 | 14,382 | 740 | 762 | 488 | 19.8 | 5.1 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 13,923 | 402 | 370 | 191 | 7.8 | 2.9 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 14,320 | 667 | 716 | 619 | 25.1 | 4.7 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 14,602 | 621 | 651 | 443 | 18.0 | 4.3 | Nov 7, 2025 | J-GAAP |
| YoY | +2.9% | -8.3% | -5.7% | +3.7% | +3.8% |
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