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H-ONE, First Half Net Income Decreases by 37%, Jul-Sep Net Income Decreases by 34%

Tue Nov 11, 2025 4:00 pm JST Earnings

5989 H-ONE CO.,LTD. 【IFRS】

Earnings Report

H-ONE CO.,LTD. <5989> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 11th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 37.2% from the same period last year to 2.96 billion yen. Progress toward the full-year plan of 10.0 billion yen was 29.6%, also falling below the same period of the previous year of 44.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow 17.1% from the same period last year, reaching 7.03 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income dropped to 1.35 billion yen, a 34.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 5.8% in the same period last year to 5.7%.

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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 107,549 563 130 201 7.2 ー Nov 14, 2023 IFRS
Apr - Sep, 2024 114,057 7,492 7,215 4,720 168.6 66.6 Nov 12, 2024 IFRS
Apr - Sep, 2025 97,221 5,190 5,292 2,964 105.4 42.3 Nov 11, 2025 IFRS
YoY -14.8% -30.7% -26.7% -37.2% -37.5%

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 － 32 May 13, 2025 IFRS
Apr - Sep, 2025 Results 97,221 5,190 5,292 2,964 105.4 32 Nov 11, 2025 IFRS
Revision Rate － － － － －

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 114,088 4,368 3,612 6,008 214.4 37 May 13, 2025 IFRS
Oct - Mar, 2025 Guidance 122,779 8,310 7,208 7,036 250.0 32 Nov 11, 2025 IFRS
YoY +7.6% +90.2% +99.6% +17.1% +16.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 232,730 -18,826 -19,354 -21,656 -774.6 20 May 14, 2024 IFRS
Mar, 2025 228,145 11,860 10,827 10,728 382.8 50 May 13, 2025 IFRS
Mar, 2026 Guidance 220,000 13,500 12,500 10,000 355.3 64 May 13, 2025 IFRS
YoY -3.6% +13.8% +15.5% -6.8% -7.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 56,181 3,279 3,137 2,070 74.0 5.8 Nov 12, 2024 IFRS
Oct - Dec, 2024 56,973 3,235 3,332 2,576 92.0 5.7 Feb 12, 2025 IFRS
Jan - Mar, 2025 57,115 1,133 280 3,432 122.5 2.0 May 13, 2025 IFRS
Apr - Jun, 2025 50,677 2,556 2,734 1,605 57.1 5.0 Aug 6, 2025 IFRS
Jul - Sep, 2025 46,544 2,634 2,558 1,359 48.3 5.7 Nov 11, 2025 IFRS
YoY -17.2% -19.7% -18.5% -34.3% -34.6%

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