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HEIWADO, First Half Ordinary Profit Increases by 6%, Jun-Aug Ordinary Profit Increases by 8%

Thu Oct 2, 2025 1:30 pm JST Earnings

8276 HEIWADO CO.,LTD. 【J-GAAP】

Earnings Report

HEIWADO CO.,LTD. <8276> [TSE Prime] announced its financial results in the afternoon session on October 2nd (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2026 (March to August) increased 6.3% from the same period last year, reaching 7.51 billion yen. However, Progress toward the full-year plan of 15.6 billion yen was 48.2%, almost the same as the five-year average of 45.3%.

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 September to February period (second half) is expected to grow 6.9% from the same period last year, reaching 8.08 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew 8.3% from the same period last year, reaching 4.17 billion yen. The operating profit margin remained almost flat, changing from 3.1% in the same period last year to 3.4%.

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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
Mar - Aug, 2023 207,960 6,386 6,916 4,129 78.7 47.8 Sep 28, 2023 J-GAAP
Mar - Aug, 2024 216,645 6,306 7,070 4,564 88.2 48.3 Oct 3, 2024 J-GAAP
Mar - Aug, 2025 223,539 6,833 7,512 4,904 98.2 48.2 Oct 2, 2025 J-GAAP
YoY +3.2% +8.4% +6.3% +7.4% +11.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 Guidance 221,000 7,100 7,800 5,700 115.3 33 Apr 3, 2025 J-GAAP
Mar - Aug, 2025 Results 223,539 6,833 7,512 4,904 98.2 33 Oct 2, 2025 J-GAAP
Revision Rate +1.1% -3.8% -3.7% -14.0% -14.8%

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 228,253 7,054 7,569 6,163 120.1 33 Apr 3, 2025 J-GAAP
Sep - Feb, 2025 Guidance 232,461 7,667 8,088 5,896 119.2 33 Oct 2, 2025 J-GAAP
YoY +1.8% +8.7% +6.9% -4.3% -0.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 425,424 13,257 14,482 6,784 129.4 42 Apr 4, 2024 J-GAAP
Feb, 2025 444,898 13,360 14,639 10,727 209.1 63 Apr 3, 2025 J-GAAP
Feb, 2026 Guidance 456,000 14,500 15,600 10,800 218.4 66 Apr 3, 2025 J-GAAP
YoY +2.5% +8.5% +6.6% +0.7% +4.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 111,367 3,473 3,857 2,558 49.4 3.1 Oct 3, 2024 J-GAAP
Sep - Nov, 2024 109,339 2,154 2,355 2,044 39.7 2.0 Dec 26, 2024 J-GAAP
Dec - Feb, 2024 118,914 4,900 5,214 4,119 80.3 4.1 Apr 3, 2025 J-GAAP
Mar - May, 2025 108,541 2,944 3,335 2,169 43.2 2.7 Jun 26, 2025 J-GAAP
Jun - Aug, 2025 114,998 3,889 4,177 2,735 54.8 3.4 Oct 2, 2025 J-GAAP
YoY +3.3% +12.0% +8.3% +6.9% +10.8%

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