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Polaris Holdings, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 19%, Dividend Revised Upward by 1 Yen

Thu Nov 13, 2025 4:00 pm JST Earnings

3010 Polaris Holdings Co., Ltd. 【J-GAAP】

Earnings Report

Polaris Holdings Co., Ltd. <3010> [TSE Std] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 1.35 billion yen, an increase 40.6% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 19.0%, from the previous forecast of 2.10 billion yen to 2.50 billion yen (compared to 1.89 billion yen in the previous period), increasing the growth rate from 10.9% to 32.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 23.2% from the same period last year, reaching 1.14 billion yen.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 3 yen to 4 yen (compared to 3 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 5.3% from the same period last year, reaching 0.71 billion yen. However, the operating profit margin significantly dropped from 14.4% in the same period last year to 8.6%.

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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
Apr - Sep, 2023 14,120 2,624 2,180 2,555 21.0 83.6 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 10,321 1,245 962 890 7.1 50.8 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 22,988 1,940 1,353 1,096 4.7 54.1 Nov 13, 2025 J-GAAP
YoY +122.7% +55.8% +40.6% +23.1% -33.7%

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 ー ー ー ー － 0 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 22,988 1,940 1,353 1,096 4.7 0 Nov 13, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 45,700 3,190 2,100 2,000 8.6 3 May 14, 2025 J-GAAP
Mar, 2026 New 46,600 3,600 2,500 2,600 11.1 4 Nov 13, 2025 J-GAAP
Revision Rate +2.0% +12.9% +19.0% +30.0% +30.1%

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 17,560 1,559 931 1,721 11.1 3 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 23,612 1,660 1,147 1,504 6.4 4 Nov 13, 2025 J-GAAP
YoY +34.5% +6.5% +23.2% -12.6% -42.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 22,545 3,382 2,609 3,297 26.9 0 May 14, 2024 J-GAAP
Mar, 2025 27,881 2,804 1,893 2,611 16.9 3 May 14, 2025 J-GAAP
Mar, 2026 Guidance 46,600 3,600 2,500 2,600 11.1 4 Nov 13, 2025 J-GAAP
YoY +67.1% +28.4% +32.1% -0.4% -34.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 5,569 803 675 633 5.0 14.4 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 6,547 593 269 322 2.5 9.1 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 11,013 966 662 1,399 9.1 8.8 May 14, 2025 J-GAAP
Apr - Jun, 2025 11,257 929 642 550 2.4 8.3 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 11,731 1,011 711 546 2.3 8.6 Nov 13, 2025 J-GAAP
YoY +110.6% +25.9% +5.3% -13.7% -53.5%

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