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Village Vanguard, First Half Ordinary Profit Turns to Profit, Sep-Nov Ordinary Profit Loss Narrows

Fri Jan 9, 2026 3:40 pm JST Earnings

2769 Village Vanguard CO.,LTD. 【J-GAAP】

Earnings Report

Village Vanguard CO.,LTD. <2769> [TSE Std] announced its financial results after the market closed on January 9th (15:40). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending May 2026 (June to November) turned into a profit of 168 million yen (compared to a loss of 577 million yen in the same period last year). Progress toward the full-year plan of 935 million yen was 18.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the December to May period (second half) is expected to turn into a profit of 767 million yen (compared to a loss of 418 million yen in the same period last year).

In the most recent three-month period, from September to November (2Q), the consolidated ordinary loss improved to a deficit of 36 million yen (compared to a loss of 513 million yen in the same period last year). The operating profit/loss margin drastically improved from -9.6% in the same period last year to -0.2%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jun - Nov, 2023 11,073 -741 -762 -823 -112.6 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 11,803 -608 -577 -673 -93.6 Jan 10, 2025 J-GAAP
Jun - Nov, 2025 10,784 167 168 131 9.2 18.0 Jan 9, 2026 J-GAAP
YoY -8.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2025 Guidance Jul 11, 2025 J-GAAP
Jun - Nov, 2025 Results 10,784 167 168 131 9.2 0 Jan 9, 2026 J-GAAP
Revision Rate

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 13,159 -327 -418 -3,574 -468.7 0 Jul 11, 2025 J-GAAP
Dec - May, 2025 Guidance 15,137 881 767 716 78.4 Jan 9, 2026 J-GAAP
YoY +15.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 24,799 -915 -934 -1,144 -161.2 0 Jul 12, 2024 J-GAAP
May, 2025 24,962 -935 -995 -4,247 -557.0 0 Jul 11, 2025 J-GAAP
May, 2026 Guidance 25,921 1,048 935 847 92.7 Jul 11, 2025 J-GAAP
YoY +3.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 5,379 -515 -513 -592 -82.3 -9.6 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 6,828 -117 -166 -518 -71.1 -1.7 Apr 11, 2025 J-GAAP
Mar - May, 2025 6,331 -210 -252 -3,056 -400.8 -3.3 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 5,664 175 204 197 21.4 3.1 Oct 10, 2025 J-GAAP
Sep - Nov, 2025 5,120 -8 -36 -66 -4.6 -0.2 Jan 9, 2026 J-GAAP
YoY -4.8% +98.4% +93.0% +88.9% +94.4%

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