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TOHO, Sep-Nov (3Q) Ordinary Profit Increases by 59%, Current Fiscal Year Dividend Revised Upward by 20 Yen

Wed Jan 14, 2026 3:30 pm JST Earnings

9602 TOHO CO., LTD. 【J-GAAP】

Earnings Report

TOHO CO., LTD. <9602> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2026 (March to November) increased 18.1% from the same period last year, reaching 60.8 billion yen. Progress toward the full-year plan of 65.5 billion yen was 92.9%, also surpassing the five-year average of 76.2%.

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 December to February period (4Q) is expected to significant drop 64.2% from the same period last year to 4.62 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 85 yen to 105 yen (compared to 85 yen in the previous period).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit increased 58.8% from the same period last year, reaching 18.6 billion yen. The operating profit margin rose from 16.9% in the same period last year to 21.1%.

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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 203,100 41,610 44,182 28,402 162.7 70.1 Jan 15, 2024 J-GAAP
Mar - Nov, 2024 234,169 52,801 51,552 34,141 200.4 80.0 Jan 14, 2025 J-GAAP
Mar - Nov, 2025 281,366 60,092 60,880 46,587 274.8 92.9 Jan 14, 2026 J-GAAP
YoY +20.2% +13.8% +18.1% +36.5% +37.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2025 Prev 168,323 23,854 23,308 14,050 83.7 42.50 Oct 15, 2025 J-GAAP
Sep - Feb, 2025 New 168,323 23,854 23,308 14,050 83.7 62.50 Jan 14, 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
Feb, 2026 Prev 360,000 65,000 65,500 47,500 283.0 85 Oct 15, 2025 J-GAAP
Feb, 2026 New 360,000 65,000 65,500 47,500 283.0 105 Jan 14, 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
Sep - Feb, 2024 149,490 23,769 24,674 16,872 99.1 50 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 Guidance 168,323 23,854 23,308 14,050 83.7 62.50 Jan 14, 2026 J-GAAP
YoY +12.6% +0.4% -5.5% -16.7% -15.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 283,347 59,251 63,024 45,283 259.5 85 Apr 15, 2024 J-GAAP
Feb, 2025 313,171 64,684 64,455 43,357 254.8 85 Apr 14, 2025 J-GAAP
Feb, 2026 Guidance 360,000 65,000 65,500 47,500 283.0 105 Jan 14, 2026 J-GAAP
YoY +15.0% +0.5% +1.6% +9.6% +11.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 70,488 11,886 11,771 7,656 44.9 16.9 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 79,002 11,883 12,903 9,216 54.2 15.0 Apr 14, 2025 J-GAAP
Mar - May, 2025 84,878 19,339 18,929 11,565 68.2 22.8 Jul 15, 2025 J-GAAP
Jun - Aug, 2025 106,799 21,807 23,263 21,885 129.1 20.4 Oct 15, 2025 J-GAAP
Sep - Nov, 2025 89,689 18,946 18,688 13,137 77.5 21.1 Jan 14, 2026 J-GAAP
YoY +27.2% +59.4% +58.8% +71.6% +72.4%

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