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TOHO HOLDINGS, First Half Ordinary Profit Revised Downward to an Unexpected 3%Decrease

Wed Nov 12, 2025 2:00 pm JST Earnings

8129 TOHO HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

TOHO HOLDINGS CO.,LTD. <8129> [TSE Prime] announced its financial results in the afternoon session on November 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 3.1% from the same period last year to 8.32 billion yen, resulting in a decrease in profits compared to the previous forecast of a 22.1% increase.

Progress toward the full-year plan of 22.6 billion yen was 36.9%, almost the same as the five-year average of 36.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 17.7% from the same period last year, reaching 14.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 3.89 billion yen, a 31.3% decrease compared to the same period last year. The operating profit margin worsened from 1.3% in the same period last year to 0.9%.

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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 734,846 6,492 7,945 8,782 134.2 36.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 754,974 7,380 8,596 5,383 85.7 41.5 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 767,899 7,258 8,329 6,244 99.1 36.9 Nov 12, 2025 J-GAAP
YoY +1.7% -1.7% -3.1% +16.0% +15.6%

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 780,000 9,600 10,500 8,000 129.9 45 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 767,899 7,258 8,329 6,244 99.1 45 Nov 12, 2025 J-GAAP
Revision Rate -1.6% -24.4% -20.7% -22.0% -23.7%

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 763,521 11,556 12,120 14,461 228.2 40 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 804,101 13,442 14,271 9,456 146.2 45 Nov 12, 2025 J-GAAP
YoY +5.3% +16.3% +17.7% -34.6% -35.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,476,712 19,331 21,787 20,657 320.1 40 May 10, 2024 J-GAAP
Mar, 2025 1,518,495 18,936 20,716 19,844 313.2 65 May 14, 2025 J-GAAP
Mar, 2026 Guidance 1,572,000 20,700 22,600 15,700 242.8 90 May 14, 2025 J-GAAP
YoY +3.5% +9.3% +9.1% -20.9% -22.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 381,930 5,102 5,668 3,579 57.0 1.3 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 407,078 6,949 7,456 4,869 76.8 1.7 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 356,443 4,607 4,664 9,592 151.4 1.3 May 14, 2025 J-GAAP
Apr - Jun, 2025 375,813 3,842 4,436 3,353 53.6 1.0 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 392,086 3,416 3,893 2,891 45.9 0.9 Nov 12, 2025 J-GAAP
YoY +2.7% -33.0% -31.3% -19.2% -19.5%

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