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TOHBU NETWORK, Ordinary Profit Forecast for Last Fiscal Year Revised Downward by 18%, Dividend Revised Upward by 5 Yen

Tue May 12, 2026 3:30 pm JST Revision

9036 TOHBU NETWORK CO.,LTD. 【J-GAAP】

Guidance Update Report

TOHBU NETWORK CO.,LTD. <9036> [TSE Std] announced a revision to its performance and dividend after the market closed on May 12th (15:30). The consolidated ordinary profit forecast for the fiscal year ending March 2026 has decreased 18.3%, from the previous forecast of 453 million yen to 370 million yen (compared to 250 million yen in the previous period), leading to a reduction in the profit growth rate from 81.2% to 48.0%. However, the full-year forecast for consolidated net income has been revised upward 0.7%, from the previous forecast of 298 million yen to 300 million yen (compared to 105 million yen in the previous period), increasing the growth rate from 2.8 times to 2.9 times.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated ordinary profit has decreased 38.6%, from the previous forecast of 215 million yen to 132 million yen (compared to 78 million yen in the same period of the previous year), leading to a reduction in the profit growth rate from 2.8 times to 69.2%.

At the same time, the company has significantly increased its planned annual dividend for the last fiscal year from the original plan of 15 yen to 20 yen (compared to 15 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 6,046 203 215 80 14.4 7.50 Nov 11, 2025 J-GAAP
Oct - Mar, 2025 New 4,880 89 132 82 14.7 12.50 May 12, 2026 J-GAAP
Revision Rate -19.3% -56.2% -38.6% +2.5% +1.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 11,243 384 453 298 53.7 15 May 14, 2025 J-GAAP
Mar, 2026 New 10,077 270 370 300 53.7 20 May 12, 2026 J-GAAP
Revision Rate -10.4% -29.7% -18.3% +0.7% 0.0%

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 4,912 42 78 151 26.9 7.50 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,880 89 132 82 14.7 12.50 May 12, 2026 J-GAAP
YoY -0.7% +111.9% +69.2% -45.7% -45.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 10,304 315 401 78 14.6 20 May 14, 2024 J-GAAP
Mar, 2025 10,370 186 250 105 18.7 15 May 14, 2025 J-GAAP
Mar, 2026 Guidance 10,077 270 370 300 53.7 20 May 12, 2026 J-GAAP
YoY -2.8% +45.2% +48.0% +185.7% +187.5%

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