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LAND, Mar-Nov (Cumulative 3Q) Ordinary Profit Turns to Loss, Sep-Nov Ordinary Profit Decreases by 79%

Thu Jan 8, 2026 3:30 pm JST Earnings

8918 LAND Co.,Ltd. 【J-GAAP】

Earnings Report

LAND Co.,Ltd. <8918> [TSE Std] announced its financial results after the market closed on January 8th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending February 2026 (March to November) turned into a loss of 107 million yen (compared to a profit of 970 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the December to February period (4Q) is expected to 897 million yen (compared to a break even in the same period last year).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit significantly dropped to 31 million yen, a 79.2% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 10.0% in the same period last year to 9.9%.

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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 727 -135 -117 -127 -0.1 ー Jan 11, 2024 J-GAAP
Mar - Nov, 2024 4,725 977 970 744 0.5 100.0 Jan 9, 2025 J-GAAP
Mar - Nov, 2025 650 -118 -107 -108 -0.1 ー Jan 8, 2026 J-GAAP
YoY -86.2% － － － －

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 1,863 149 149 257 0.2 0.10 Apr 10, 2025 J-GAAP
Sep - Feb, 2025 Guidance 3,722 946 928 848 0.6 － Oct 9, 2025 J-GAAP
YoY +99.8% +534.9% +522.8% +230.0% +223.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 2,101 230 253 240 0.2 0.10 Apr 11, 2024 J-GAAP
Feb, 2025 5,092 977 970 874 0.6 0.10 Apr 10, 2025 J-GAAP
Feb, 2026 Guidance 4,090 800 790 710 0.5 － Apr 10, 2025 J-GAAP
YoY -19.7% -18.1% -18.6% -18.8% -20.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 1,496 149 149 127 0.1 10.0 Jan 9, 2025 J-GAAP
Dec - Feb, 2024 367 0 0 130 0.1 0.0 Apr 10, 2025 J-GAAP
Mar - May, 2025 206 -143 -140 -141 -0.1 -69.4 Jul 10, 2025 J-GAAP
Jun - Aug, 2025 162 -3 2 3 0.0 -1.9 Oct 9, 2025 J-GAAP
Sep - Nov, 2025 282 28 31 30 0.0 9.9 Jan 8, 2026 J-GAAP
YoY -81.1% -81.2% -79.2% -76.4% -77.8%

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