FY2026 full-year forecast is 82.5% achieved for operating profit at 3Q, with the remaining 4Q in focus

For the 3Q cumulative period of FY2026, operating revenue was ¥690,788 million, operating profit was ¥80,822 million, ordinary profit was ¥82,396 million, and net income attributable to owners of the parent was ¥58,553 million. Operating revenue increased 14.8% year on year, as already disclosed, while operating profit increased 24.8%, lifting the 3Q cumulative operating margin to approximately 11.7%. Achievement against the full-year forecast was 76.2% for operating revenue, 82.5% for operating profit, and 87.4% for net income attributable to owners of the parent.

As of 3Q, the full-year forecast was operating revenue of ¥907,000 million, operating profit of ¥98,000 million, and net income attributable to owners of the parent of ¥67,000 million. The forecast at 2Q was operating revenue of ¥887,000 million, operating profit of ¥89,000 million, and net income of ¥62,000 million. On this basis, the 3Q forecast included increases of ¥20,000 million in operating revenue, ¥9,000 million in operating profit, and ¥5,000 million in net income. The 2Q results explained that the full-year forecast had been raised to reflect interim results and a review of foreign-exchange assumptions, but the original forecast before the revision and the contribution by factor have not been disclosed in sufficient detail.

To achieve the upgraded full-year forecast, the remaining 4Q must generate operating revenue of ¥216,212 million, operating profit of ¥17,178 million, and net income attributable to owners of the parent of ¥8,447 million. This assumes a standalone 4Q operating margin of approximately 7.9%, below the 11.7% recorded for the 3Q cumulative period, making it necessary to separate the effects of seasonality, promotional spending, winter inventory, and foreign exchange. The full-year results should confirm not only whether operating profit of ¥98,000 million under the upgraded forecast was achieved, but also the standalone 4Q gross operating margin, selling, general and administrative expenses, and the profit contribution from overseas operations.