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Pole To Win Holdings, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 29%

Fri Sep 12, 2025 5:00 pm JST Earnings

3657 Pole To Win Holdings, Inc. 【J-GAAP】

Earnings Report

Pole To Win Holdings, Inc. <3657> [TSE Prime] announced its financial results after the market closed on September 12th (17:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending January 2026 (February to July) turned into a loss of 481 million yen (compared to a profit of 410 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 256 million yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 28.8%, from the previous forecast of 1158 million yen to 825 million yen (compared to 756 million yen in the previous period), leading to a reduction in the profit growth rate from 53.2% to 9.1%. However, the full-year forecast for consolidated net income has been revised upward 1.9%, from the previous forecast of 310 million yen to 316 million yen (compared to a loss of 692 million yen in the previous period).

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 August to January period (second half) is expected to surge 3.8 times that of the same period last year, reaching 1306 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit/loss turned to a loss of 1 million yen (compared to a profit of 501 million yen in the same period last year). The operating profit/loss margin drastically worsened from 3.9% in the same period last year to -1.5%.

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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
Feb - Jul, 2023 21,884 564 447 -321 -8.7 85.1 Sep 14, 2023 J-GAAP
Feb - Jul, 2024 24,288 359 410 -184 -5.2 54.2 Sep 10, 2024 J-GAAP
Feb - Jul, 2025 24,674 -206 -481 -392 -11.1 ー Sep 12, 2025 J-GAAP
YoY +1.6% － － -113.0% -112.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2025 Guidance 27,030 -236 -256 -515 -14.6 8 Mar 14, 2025 J-GAAP
Feb - Jul, 2025 Results 24,674 -206 -481 -392 -11.1 8 Sep 12, 2025 J-GAAP
Revision Rate -8.7% +12.7% -87.9% +23.9% +23.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2026 Prev 55,052 1,202 1,158 310 8.8 16 Mar 14, 2025 J-GAAP
Jan, 2026 New 49,729 1,124 825 316 8.9 16 Sep 12, 2025 J-GAAP
Revision Rate -9.7% -6.5% -28.8% +1.9% +1.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2024 27,937 427 346 -508 -14.4 8 Mar 14, 2025 J-GAAP
Aug - Jan, 2025 Guidance 25,055 1,330 1,306 708 20.0 8 Sep 12, 2025 J-GAAP
YoY -10.3% +211.5% +277.5% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2024 46,724 445 525 -1,920 -53.3 16 Mar 12, 2024 J-GAAP
Jan, 2025 52,225 786 756 -692 -19.6 16 Mar 14, 2025 J-GAAP
Jan, 2026 Guidance 49,729 1,124 825 316 8.9 16 Sep 12, 2025 J-GAAP
YoY -4.8% +43.0% +9.1% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2024 12,325 482 501 220 6.2 3.9 Sep 10, 2024 J-GAAP
Aug - Oct, 2024 12,971 275 204 -42 -1.2 2.1 Dec 10, 2024 J-GAAP
Nov - Jan, 2024 14,966 152 142 -466 -13.2 1.0 Mar 14, 2025 J-GAAP
Feb - Apr, 2025 12,759 -22 -480 -609 -17.2 -0.2 Jun 10, 2025 J-GAAP
May - Jul, 2025 11,915 -184 -1 217 6.1 -1.5 Sep 12, 2025 J-GAAP
YoY -3.3% － － -1.4% -1.6%

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