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HIKARI BUSINESS FORM, Ordinary Profit Forecast for Last Fiscal Year Revised Upward to an Unexpected 14% Increase

Tue Jan 13, 2026 6:00 pm JST Revision

3948 HIKARI BUSINESS FORM CO., LTD. 【J-GAAP】

Guidance Update Report

HIKARI BUSINESS FORM CO., LTD. <3948> [TSE Std] announced a performance revision after the market closed on January 13th (18:00). The ordinary profit (non-consolidated) forecast for the fiscal year ending December 2025 has been revised upward 67.3%, from the previous forecast of 150 million yen to 251 million yen (compared to 221 million yen in the previous period), turning to a 13.6% increase in the ordinary profit outlook.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) ordinary profit is expected to increase 2.7 times, from the previous forecast of 59 million yen to 160 million yen (compared to 148 million yen in the same period of the previous year), turning to an 8.1% increase in the ordinary profit outlook.

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Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 4,194 76 59 31 5.8 25 Nov 10, 2025 J-GAAP
Jul - Dec, 2025 New 3,942 149 160 97 17.7 25 Jan 13, 2026 J-GAAP
Revision Rate -6.0% +96.1% +171.2% +212.9% +207.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 8,000 100 150 90 16.7 45 Nov 10, 2025 J-GAAP
Dec, 2025 New 7,748 173 251 156 28.5 45 Jan 13, 2026 J-GAAP
Revision Rate -3.2% +73.0% +67.3% +73.3% +70.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 4,113 125 148 116 20.8 20 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 3,942 149 160 97 17.7 25 Jan 13, 2026 J-GAAP
YoY -4.2% +19.2% +8.1% -16.4% -14.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 9,876 1,270 1,308 748 132.7 35 Feb 13, 2024 J-GAAP
Dec, 2024 7,915 178 221 161 28.9 38 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 7,748 173 251 156 28.5 45 Jan 13, 2026 J-GAAP
YoY -2.1% -2.8% +13.6% -3.1% -1.2%

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