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Garden Co, Sep-Nov (3Q) Ordinary Profit Decreases by 23%, Current Fiscal Year Dividend Revised Upward by 10 Yen

Wed Jan 14, 2026 3:30 pm JST Earnings

274A Garden Co.,Ltd. 【J-GAAP】

Earnings Report

Garden Co.,Ltd. <274A> [TSE Std] announced its financial results after the market closed on January 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2026 (March to November) decreased 23.5% from the same period last year to 0.97 billion yen. However, Progress toward the full-year plan of 1.29 billion yen was 75.3%, almost the same as the same period of the previous year of 73.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the December to February period (4Q) is expected to decrease 29.6% from the same period last year to 0.31 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 90 yen to 100 yen (compared to 90 yen in the previous period).

In the most recent three-month period, from September to November (3Q), the ordinary profit decreased to 0.21 billion yen, a 22.8% decrease compared to the same period last year. The operating profit margin worsened from 7.9% in the same period last year to 5.5%.

Kabutan News

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, 2024 12,760 1,378 1,269 878 173.7 73.7 Jan 10, 2025 J-GAAP
Mar - Nov, 2025 13,239 1,045 971 636 92.4 75.3 Jan 14, 2026 J-GAAP
YoY +3.8% -24.2% -23.5% -27.6% -46.8%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2025 Prev 9,007 576 536 334 47.6 45 Dec 26, 2025 J-GAAP
Sep - Feb, 2025 New 9,007 576 536 334 47.6 55 Jan 14, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Prev 17,830 1,380 1,290 830 118.2 90 Dec 26, 2025 J-GAAP
Feb, 2026 New 17,830 1,380 1,290 830 118.2 100 Jan 14, 2026 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
Sep - Feb, 2024 8,638 808 734 578 105.3 90 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 Guidance 9,007 576 536 334 47.6 55 Jan 14, 2026 J-GAAP
YoY +4.3% -28.7% -27.0% -42.2% -54.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 17,159 1,849 1,722 1,207 219.9 90 Apr 14, 2025 J-GAAP
Feb, 2026 Guidance 17,830 1,380 1,290 830 118.2 100 Jan 14, 2026 J-GAAP
YoY +3.9% -25.4% -25.1% -31.2% -46.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 4,239 337 281 249 49.3 7.9 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 4,399 471 453 329 60.0 10.7 Apr 14, 2025 J-GAAP
Mar - May, 2025 4,499 527 498 334 48.7 11.7 Jul 14, 2025 J-GAAP
Jun - Aug, 2025 4,324 277 256 162 23.6 6.4 Oct 15, 2025 J-GAAP
Sep - Nov, 2025 4,416 241 217 140 20.3 5.5 Jan 14, 2026 J-GAAP
YoY +4.2% -28.5% -22.8% -43.8% -58.7%

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