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SE Holdings&Incubations, Oct-Dec (3Q) Ordinary Profit Increases by 89%, Current Fiscal Year Dividend Revised Upward by 0.5 Yen

Tue Jan 27, 2026 3:30 pm JST Earnings

9478 SE Holdings and Incubations Co., Ltd. 【J-GAAP】

Earnings Report

SE Holdings and Incubations Co., Ltd. <9478> [TSE Std] announced its financial results after the market closed on January 27th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 20.9% from the same period last year to 444 million yen. Progress toward the full-year plan of 640 million yen was 69.4%, also falling below the five-year average of 77.9%.

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 for the January to March period (4Q) is expected to decrease 21.3% from the same period last year to 196 million yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 3.5 yen to 4 yen (compared to 3.5 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 89.0% from the same period last year, reaching 138 million yen. The operating profit margin significantly improved from 7.3% in the same period last year to 12.3%.

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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
Apr - Dec, 2023 5,360 965 972 643 33.6 85.0 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 5,254 586 561 367 20.9 69.3 Jan 28, 2025 J-GAAP
Apr - Dec, 2025 5,158 597 444 390 24.4 69.4 Jan 27, 2026 J-GAAP
YoY -1.8% +1.9% -20.9% +6.3% +17.0%

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 3,648 402 334 248 15.9 3.50 Oct 20, 2025 J-GAAP
Oct - Mar, 2025 New 3,648 402 334 248 15.9 4 Jan 27, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 7,100 790 640 450 28.9 3.50 Oct 20, 2025 J-GAAP
Mar, 2026 New 7,100 790 640 450 28.9 4 Jan 27, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 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 3,636 351 322 212 12.2 3.50 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 3,648 402 334 248 15.9 4 Jan 27, 2026 J-GAAP
YoY +0.3% +14.5% +3.7% +17.0% +30.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,318 1,215 1,143 729 38.6 3.50 May 8, 2024 J-GAAP
Mar, 2025 7,242 817 810 531 30.6 3.50 May 8, 2025 J-GAAP
Mar, 2026 Guidance 7,100 790 640 450 28.9 4 Jan 27, 2026 J-GAAP
YoY -2.0% -3.3% -21.0% -15.3% -5.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,648 120 73 48 2.7 7.3 Jan 28, 2025 J-GAAP
Jan - Mar, 2025 1,988 231 249 164 9.4 11.6 May 8, 2025 J-GAAP
Apr - Jun, 2025 1,630 188 142 96 5.9 11.5 Jul 24, 2025 J-GAAP
Jul - Sep, 2025 1,822 200 164 106 6.6 11.0 Oct 23, 2025 J-GAAP
Oct - Dec, 2025 1,706 209 138 188 11.8 12.3 Jan 27, 2026 J-GAAP
YoY +3.5% +74.2% +89.0% +291.7% +331.5%

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