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DREAM VISION, Net Income Forecast for the Fiscal Year Loss Widened in Downward Revision, 71% Deficit Against Net Assets

Thu Feb 12, 2026 3:30 pm JST Earnings

3185 DREAM VISION CO.,LTD. 【IFRS】

Earnings Report

DREAM VISION CO.,LTD. <3185> [TSE Growth] announced its financial results (based on IFRS) after the market closed on February 12th (15:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending March 2026 (April to December) was a reduced loss of 275 million yen (compared to a loss of 341 million yen in the same period last year).

However, the full-year forecast for consolidated net income/loss has been revised downward from an expected loss of 72 million yen to a loss of 296 million yen (compared to a loss of 369 million yen in the previous period), indicating an expansion in the loss margin The deficit amounted to a 71.0% impairment of net assets at the end of the previous fiscal year..

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the October to March period (second half) has been revised downward from an expected profit of 109 million yen to a loss of 115 million yen (compared to a loss of 120 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net loss expanded to a loss of 94 million yen (compared to a loss of 92 million yen in the same period last year). The operating profit/loss margin drastically worsened from -5.6% in the same period last year to -9.9%.

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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
Apr - Dec, 2023 3,471 -200 -258 -255 -17.4 ー Feb 14, 2024 IFRS
Apr - Dec, 2024 3,395 -277 -333 -341 -21.5 ー Feb 14, 2025 IFRS
Apr - Dec, 2025 2,547 -220 -278 -275 -15.0 ー Feb 12, 2026 IFRS
YoY -25.0% +20.6% +16.5% +19.4% +30.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 1,893 148 109 109 5.9 0 Nov 13, 2025 IFRS
Oct - Mar, 2025 New 1,543 -70 -115 -115 -6.3 0 Feb 12, 2026 IFRS
Revision Rate -18.5% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 3,700 1 -74 -72 -3.9 0 May 15, 2025 IFRS
Mar, 2026 New 3,350 -217 -298 -296 -16.1 0 Feb 12, 2026 IFRS
Revision Rate -9.5% － -302.7% -311.1% -311.2%

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 2,295 -67 -115 -120 -7.3 0 May 15, 2025 IFRS
Oct - Mar, 2025 Guidance 1,543 -70 -115 -115 -6.3 0 Feb 12, 2026 IFRS
YoY -32.8% -4.5% 0.0% +4.2% +14.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 4,656 -278 -354 -352 -24.0 0 May 15, 2024 IFRS
Mar, 2025 4,499 -277 -359 -369 -22.5 0 May 15, 2025 IFRS
Mar, 2026 Guidance 3,350 -217 -298 -296 -16.1 0 Feb 12, 2026 IFRS
YoY -25.5% +21.7% +17.0% +19.8% +28.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,191 -67 -89 -92 -5.8 -5.6 Feb 14, 2025 IFRS
Jan - Mar, 2025 1,104 0 -26 -28 -1.7 0.0 May 15, 2025 IFRS
Apr - Jun, 2025 900 -62 -79 -79 -4.3 -6.9 Aug 14, 2025 IFRS
Jul - Sep, 2025 907 -85 -104 -102 -5.6 -9.4 Nov 13, 2025 IFRS
Oct - Dec, 2025 740 -73 -95 -94 -5.1 -9.9 Feb 12, 2026 IFRS
YoY -37.9% -9.0% -6.7% -2.2% +11.6%

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