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PAPANETS, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 24%, Exceeds Full-Year Plan

Wed Jan 14, 2026 3:30 pm JST Earnings

9388 PAPANETS CO.,Ltd. 【J-GAAP】

Earnings Report

PAPANETS CO.,Ltd. <9388> [FSE Q-bd] announced its financial results after the market closed on January 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2026 (March to November) increased 24.0% from the same period last year, reaching 450 million yen. Progress toward the full-year plan of 433 million yen is 103.9%, already exceeding the target and also exceeding the same period of the previous year of 98.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the December to February period (4Q) is expected to turn into a loss of 17 million yen (compared to a profit of 5 million yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from September to November (3Q), the ordinary profit grew 16.0% from the same period last year, reaching 94 million yen. The operating profit margin improved from 6.4% in the same period last year to 6.8%.

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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, 2025 4,326 455 450 299 165.3 103.9 Jan 14, 2026 J-GAAP
YoY － － － － －

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 2,705 87 86 72 45.2 18 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 Guidance 2,692 92 77 46 24.0 18 Oct 15, 2025 J-GAAP
YoY -0.5% +5.7% -10.5% -36.1% -46.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 5,367 369 368 256 160.6 30 Apr 14, 2025 J-GAAP
Feb, 2026 Guidance 5,663 455 433 284 148.2 48 Oct 15, 2025 J-GAAP
YoY +5.5% +23.3% +17.7% +10.9% -7.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2024 1,477 8 5 22 13.8 0.5 Apr 14, 2025 J-GAAP
Mar - May, 2025 1,521 226 218 141 84.5 14.9 Jul 15, 2025 J-GAAP
Jun - Aug, 2025 1,450 137 138 97 55.1 9.4 Oct 15, 2025 J-GAAP
Sep - Nov, 2025 1,355 92 94 61 33.7 6.8 Jan 14, 2026 J-GAAP
YoY － － － － －

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