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Naito&Co, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 40% Decrease, Dividend Revised down by 1 Yen

Wed Dec 24, 2025 4:00 pm JST Earnings

7624 Naito & Co.,Ltd. 【J-GAAP】

Earnings Report

Naito & Co.,Ltd. <7624> [TSE Std] announced its financial results after the market closed on December 24th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2026 (March to November) was 241 million yen, a 1.7% increase compared to the same period last year.

However, the full-year forecast for consolidated ordinary profit has decreased 46.4%, from the previous forecast of 560 million yen to 300 million yen (compared to 502 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 40.2% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the September to February period (second half) has decreased 78.5%, from the previous forecast of 331 million yen to 71 million yen (compared to 363 million yen in the same period of the previous year), leading to an increase in the profit decline rate from 8.8% to 80.4%.

Due to a decline in performance, the company has reduced its planned year-end lump-sum dividend for the current fiscal year from the original plan of 4 yen to 3 yen (compared to 4 yen in the previous period).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit significantly dropped to 12 million yen, an 87.8% decrease compared to the same period last year. The operating profit/loss margin worsened from 0.7% in the same period last year to -0.0%.

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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
Mar - Nov, 2023 33,430 406 448 295 5.4 81.2 Dec 25, 2023 J-GAAP
Mar - Nov, 2024 32,765 203 237 140 2.6 47.2 Dec 24, 2024 J-GAAP
Mar - Nov, 2025 32,544 206 241 149 2.7 80.3 Dec 24, 2025 J-GAAP
YoY -0.7% +1.5% +1.7% +6.4% +5.8%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2025 Prev 23,295 333 331 200 3.7 4 Sep 25, 2025 J-GAAP
Sep - Feb, 2025 New 20,895 53 71 30 0.6 3 Dec 24, 2025 J-GAAP
Revision Rate -10.3% -84.1% -78.5% -85.0% -84.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Prev 45,000 540 560 350 6.4 4 Mar 27, 2025 J-GAAP
Feb, 2026 New 42,600 260 300 180 3.3 3 Dec 24, 2025 J-GAAP
Revision Rate -5.3% -51.9% -46.4% -48.6% -48.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 22,069 345 363 230 4.2 4 Mar 27, 2025 J-GAAP
Sep - Feb, 2025 Guidance 20,895 53 71 30 0.6 3 Dec 24, 2025 J-GAAP
YoY -5.3% -84.6% -80.4% -87.0% -86.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 44,064 505 552 345 6.3 4 Mar 26, 2024 J-GAAP
Feb, 2025 43,555 464 502 314 5.7 4 Mar 27, 2025 J-GAAP
Feb, 2026 Guidance 42,600 260 300 180 3.3 3 Dec 24, 2025 J-GAAP
YoY -2.2% -44.0% -40.2% -42.7% -42.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 11,279 84 98 56 1.0 0.7 Dec 24, 2024 J-GAAP
Dec - Feb, 2024 10,790 261 265 174 3.2 2.4 Mar 27, 2025 J-GAAP
Mar - May, 2025 11,040 66 78 53 1.0 0.6 Jun 26, 2025 J-GAAP
Jun - Aug, 2025 10,665 141 151 97 1.8 1.3 Sep 25, 2025 J-GAAP
Sep - Nov, 2025 10,839 -1 12 -1 0.0 0.0 Dec 24, 2025 J-GAAP
YoY -3.9% － -87.8% － －

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