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PHC Holdings, Net Income Forecast for the Fiscal Year Revised Downward by 41%

Wed Nov 12, 2025 3:30 pm JST Earnings

6523 PHC Holdings Corporation 【IFRS】

Earnings Report

PHC Holdings Corporation <6523> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 12th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a loss of 0.55 billion yen (compared to a profit of 4.10 billion yen in the same period last year).

In addition, the full-year forecast for consolidated net income has decreased 40.5%, from the previous forecast of 7.40 billion yen to 4.40 billion yen (compared to 10.4 billion yen in the previous period), leading to an increase in the profit decline rate from 29.4% to 58.0%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease 22.3% from the same period last year to 4.95 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income significantly dropped to 1.78 billion yen, a 75.5% decrease compared to the same period last year. The operating profit margin worsened from 8.1% in the same period last year to 7.3%.

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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 166,819 4,182 -3,030 -2,457 -19.6 Nov 10, 2023 IFRS
Apr - Sep, 2024 173,863 9,212 7,411 4,100 32.5 39.4 Nov 13, 2024 IFRS
Apr - Sep, 2025 173,375 10,378 941 -559 -4.4 11.8 Nov 12, 2025 IFRS
YoY -0.3% +12.7% -87.3%

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 21 May 13, 2025 IFRS
Apr - Sep, 2025 Results 173,375 10,378 941 -559 -4.4 21 Nov 12, 2025 IFRS
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 363,100 17,400 12,200 7,400 58.5 42 May 13, 2025 IFRS
Mar, 2026 New 363,100 20,000 8,000 4,400 34.8 42 Nov 12, 2025 IFRS
Revision Rate 0.0% +14.9% -34.4% -40.5% -40.5%

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 187,730 13,368 11,412 6,385 50.6 21 May 13, 2025 IFRS
Oct - Mar, 2025 Guidance 189,725 9,622 7,059 4,959 39.2 21 Nov 12, 2025 IFRS
YoY +1.1% -28.0% -38.1% -22.3% -22.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 353,900 1,566 -13,249 -12,893 -102.5 54 May 10, 2024 IFRS
Mar, 2025 361,593 22,580 18,823 10,485 83.1 42 May 13, 2025 IFRS
Mar, 2026 Guidance 363,100 20,000 8,000 4,400 34.8 42 Nov 12, 2025 IFRS
YoY +0.4% -11.4% -57.5% -58.0% -58.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 88,676 7,185 10,173 7,273 57.7 8.1 Nov 13, 2024 IFRS
Oct - Dec, 2024 93,047 7,816 5,080 3,539 28.1 8.4 Feb 12, 2025 IFRS
Jan - Mar, 2025 94,683 5,552 6,332 2,846 22.6 5.9 May 13, 2025 IFRS
Apr - Jun, 2025 83,856 3,843 -1,990 -2,341 -18.6 4.6 Aug 7, 2025 IFRS
Jul - Sep, 2025 89,519 6,535 2,931 1,782 14.1 7.3 Nov 12, 2025 IFRS
YoY +1.0% -9.0% -71.2% -75.5% -75.6%

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