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C.S. LUMBER, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 35% Decrease

Wed Jan 14, 2026 3:30 pm JST Earnings

7808 C.S. LUMBER CO., INC 【J-GAAP】

Earnings Report

C.S. LUMBER CO., INC <7808> [TSE Std] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2026 (June to November) dropped 37.0% from the same period last year to 0.51 billion yen, resulting in a decrease in profits compared to the previous forecast of a 1.7% increase.

In addition, the full-year forecast for consolidated ordinary profit has decreased 35.3%, from the previous forecast of 1.70 billion yen to 1.10 billion yen (compared to 1.68 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 34.5% decrease in profit.

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 December to May period (second half) is expected to drop 32.2% from the same period last year to 0.58 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit dropped to 0.27 billion yen, a 47.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.6% in the same period last year to 6.0%.

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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
Jun - Nov, 2023 10,866 1,292 1,251 855 462.4 60.1 Jan 15, 2024 J-GAAP
Jun - Nov, 2024 9,852 859 816 567 306.7 48.6 Jan 14, 2025 J-GAAP
Jun - Nov, 2025 10,096 580 514 383 207.3 46.7 Jan 14, 2026 J-GAAP
YoY +2.5% -32.5% -37.0% -32.5% -32.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2025 Guidance 10,940 870 830 580 313.6 0 Jul 15, 2025 J-GAAP
Jun - Nov, 2025 Results 10,096 580 514 383 207.3 0 Jan 14, 2026 J-GAAP
Revision Rate -7.7% -33.3% -38.1% -34.0% -33.9%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2026 Prev 22,100 1,800 1,700 1,190 643.3 80 Jul 15, 2025 J-GAAP
May, 2026 New 22,100 1,200 1,100 800 432.5 80 Jan 14, 2026 J-GAAP
Revision Rate 0.0% -33.3% -35.3% -32.8% -32.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 10,821 915 864 590 319.2 80 Jul 15, 2025 J-GAAP
Dec - May, 2025 Guidance 12,004 620 586 417 225.4 80 Jan 14, 2026 J-GAAP
YoY +10.9% -32.2% -32.2% -29.3% -29.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 21,132 2,174 2,082 1,435 776.1 80 Jul 16, 2024 J-GAAP
May, 2025 20,673 1,774 1,680 1,157 626.0 80 Jul 15, 2025 J-GAAP
May, 2026 Guidance 22,100 1,200 1,100 800 432.5 80 Jan 14, 2026 J-GAAP
YoY +6.9% -32.4% -34.5% -30.9% -30.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 5,425 523 523 369 199.6 9.6 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 5,220 386 377 261 141.2 7.4 Apr 14, 2025 J-GAAP
Mar - May, 2025 5,601 529 487 329 178.0 9.4 Jul 15, 2025 J-GAAP
Jun - Aug, 2025 4,777 262 237 201 108.9 5.5 Oct 15, 2025 J-GAAP
Sep - Nov, 2025 5,319 318 277 182 98.5 6.0 Jan 14, 2026 J-GAAP
YoY -2.0% -39.2% -47.0% -50.7% -50.7%

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