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T.O. Holdings, First Half Net Income Turns to Loss, Sep-Nov Net Income Decreases by 97%

Wed Jan 14, 2026 3:30 pm JST Earnings

9812 T.O. Holdings CO.,LTD. 【J-GAAP】

Earnings Report

T.O. Holdings CO.,LTD. <9812> [TSE Std] announced its financial results after the market closed on January 14th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending May 2026 (June to November) turned into a loss of 29 million yen (compared to a profit of 69 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the December to May period (second half) is expected to turn into a profit of 209 million yen (compared to a loss of 76 million yen in the same period last year).

In the most recent three-month period, from September to November (2Q), the consolidated net income significantly dropped to 1 million yen, a 97.4% decrease compared to the same period last year. The operating profit margin worsened from 1.8% in the same period last year to 0.8%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jun - Nov, 2023 12,520 265 219 -91 -14.3 99.1 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 12,671 211 155 69 10.8 149.0 Jan 14, 2025 J-GAAP
Jun - Nov, 2025 11,751 98 25 -29 -4.6 7.8 Jan 14, 2026 J-GAAP
YoY -7.3% -53.6% -83.9% － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2025 Guidance ー ー ー ー － 0 Jul 11, 2025 J-GAAP
Jun - Nov, 2025 Results 11,751 98 25 -29 -4.6 0 Jan 14, 2026 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 11,517 11 -51 -76 -12.8 0.50 Jul 11, 2025 J-GAAP
Dec - May, 2025 Guidance 14,949 302 295 209 32.6 － Jan 14, 2026 J-GAAP
YoY +29.8% +2,645.5% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 25,605 306 221 111 17.4 0 Jul 12, 2024 J-GAAP
May, 2025 24,188 222 104 -7 -1.2 0.50 Jul 11, 2025 J-GAAP
May, 2026 Guidance 26,700 400 320 180 28.1 － Jul 11, 2025 J-GAAP
YoY +10.4% +80.2% +207.7% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 6,225 109 72 39 6.1 1.8 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 5,343 -26 -54 -56 -9.3 -0.5 Apr 11, 2025 J-GAAP
Mar - May, 2025 6,174 37 3 -20 -3.4 0.6 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 5,678 51 13 -30 -4.8 0.9 Oct 10, 2025 J-GAAP
Sep - Nov, 2025 6,073 47 12 1 0.2 0.8 Jan 14, 2026 J-GAAP
YoY -2.4% -56.9% -83.3% -97.4% -97.4%

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