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H2O RETAILING, Net Income Forecast for the Fiscal Year Revised Upward by 33%

Fri Oct 31, 2025 2:00 pm JST Earnings

8242 H2O RETAILING CORPORATION 【J-GAAP】

Earnings Report

H2O RETAILING CORPORATION <8242> [TSE Prime] announced its financial results in the afternoon session on October 31st (14:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) significantly dropped 74.5% from the same period last year to 6.90 billion yen.

However, the full-year forecast for consolidated net income has been revised upward 33.3%, from the previous forecast of 18.0 billion yen to 24.0 billion yen (compared to 34.8 billion yen in the previous period), and the declining rate is expected to decrease from 48.3% to 31.1%.

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 surge 2.2 times that of the same period last year, reaching 17.0 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income surged 4.7 times that of the same period last year, reaching 2.92 billion yen. The operating profit margin improved from 3.4% in the same period last year to 3.7%.

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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 318,543 9,897 10,664 6,294 54.5 38.3 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 331,254 14,998 15,934 27,089 236.5 44.4 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 333,024 11,855 12,413 6,909 57.7 40.0 Oct 31, 2025 J-GAAP
YoY +0.5% -21.0% -22.1% -74.5% -75.6%

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 334,000 11,000 11,600 6,300 53.4 22 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 333,024 11,855 12,413 6,909 57.7 22 Oct 31, 2025 J-GAAP
Revision Rate -0.3% +7.8% +7.0% +9.7% +8.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 690,000 30,000 31,000 18,000 155.6 44 May 13, 2025 J-GAAP
Mar, 2026 New 689,000 30,000 31,000 24,000 207.5 44 Oct 31, 2025 J-GAAP
Revision Rate -0.1% 0.0% 0.0% +33.3% +33.3%

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 350,505 19,832 19,975 7,753 65.8 22 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 355,976 18,145 18,587 17,091 147.8 22 Oct 31, 2025 J-GAAP
YoY +1.6% -8.5% -6.9% +120.4% +124.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 657,400 26,188 27,875 21,905 189.8 28 May 15, 2024 J-GAAP
Mar, 2025 681,759 34,830 35,909 34,842 295.5 42 May 13, 2025 J-GAAP
Mar, 2026 Guidance 689,000 30,000 31,000 24,000 207.5 44 Oct 31, 2025 J-GAAP
YoY +1.1% -13.9% -13.7% -31.1% -29.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 169,359 5,732 5,736 625 5.5 3.4 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 183,633 13,921 14,056 10,360 88.7 7.6 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 166,872 5,911 5,919 -2,607 -22.1 3.5 May 13, 2025 J-GAAP
Apr - Jun, 2025 163,644 5,504 6,141 3,980 32.9 3.4 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 169,380 6,351 6,272 2,929 24.5 3.7 Oct 31, 2025 J-GAAP
YoY +0.0% +10.8% +9.3% +368.6% +348.0%

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