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HARD OFF, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 6%
2674 HARD OFF CORPORATION Co.,Ltd. 【J-GAAP】
Earnings ReportHARD OFF CORPORATION Co.,Ltd. <2674> [TSE Prime] announced its financial results in the afternoon session on February 12th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 6.1% from the same period last year to 2.53 billion yen. Progress toward the full-year plan of 3.66 billion yen was 69.2%, also falling below the five-year average of 78.1%.
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 January to March period (4Q) is expected to expand 59.7% from the same period last year, reaching 1.12 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 4.2% from the same period last year, reaching 1.10 billion yen. However, the operating profit margin decreased from 11.6% in the same period last year to 10.0%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 22,052 | 2,029 | 2,191 | 1,353 | 97.4 | 73.3 | Feb 7, 2024 | J-GAAP |
| Apr - Dec, 2024 | 24,803 | 2,535 | 2,696 | 1,734 | 124.8 | 79.2 | Feb 6, 2025 | J-GAAP |
| Apr - Dec, 2025 | 28,198 | 2,420 | 2,531 | 1,782 | 128.2 | 69.2 | Feb 12, 2026 | J-GAAP |
| YoY | +13.7% | -4.5% | -6.1% | +2.8% | +2.7% |
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 | 17,366 | 1,686 | 1,764 | 1,293 | 93.1 | 78 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 18,743 | 2,222 | 2,230 | 1,525 | 109.6 | 78 | Nov 10, 2025 | J-GAAP |
| YoY | +7.9% | +31.8% | +26.4% | +17.9% | +17.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 30,105 | 2,803 | 2,990 | 2,093 | 150.6 | 76 | May 9, 2024 | J-GAAP |
| Mar, 2025 | 33,531 | 3,218 | 3,403 | 2,314 | 166.5 | 78 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 36,000 | 3,550 | 3,660 | 2,450 | 176.1 | 78 | May 12, 2025 | J-GAAP |
| YoY | +7.4% | +10.3% | +7.6% | +5.9% | +5.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 8,638 | 1,003 | 1,057 | 713 | 51.3 | 11.6 | Feb 6, 2025 | J-GAAP |
| Jan - Mar, 2025 | 8,728 | 683 | 707 | 580 | 41.7 | 7.8 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 8,653 | 787 | 838 | 544 | 39.2 | 9.1 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 8,604 | 541 | 592 | 381 | 27.4 | 6.3 | Nov 10, 2025 | J-GAAP |
| Oct - Dec, 2025 | 10,941 | 1,092 | 1,101 | 857 | 61.7 | 10.0 | Feb 12, 2026 | J-GAAP |
| YoY | +26.7% | +8.9% | +4.2% | +20.2% | +20.2% |
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