Cumulative revenue for the first 3 quarters was only 72.4% of the full-year forecast, while operating profit was 52.8%, indicating a significant lag in profit progress. To maintain the full-year forecast, the company needs revenue of ¥2,986 million and operating profit of ¥529 million in the fourth quarter, with the difficulty of achieving the profit target being the key focus.
All recorded disclosures and news since the latest annual or semiannual filing. Switching watchpoints keeps the full history. Select an item to inspect its source.2026-04-13 〜 2026-10-24 · 20 of 20 items
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Can fourth-quarter revenue reach at least ¥2,986 million against the full-year revenue forecast of ¥10,800 million?
Can fourth-quarter operating profit reach at least ¥529 million against the full-year operating profit forecast of ¥1,120 million?
Will the required fourth-quarter revenue of ¥2,986 million exceed the previous year’s fourth-quarter revenue of ¥2,490 million by 19.9%?
Will the required fourth-quarter operating profit of ¥529 million exceed the previous year’s fourth-quarter operating profit of ¥227 million by 133.0%?
Will the company maintain its full-year earnings forecast without revision, or revise it downward or upward?
Cumulative revenue for the first 3 quarters of the fiscal year ending August 2026 was ¥7,814 million, and operating profit was ¥591 million. Against full-year forecasts of ¥10,800 million in revenue and ¥1,120 million in operating profit, progress after 9 months was 72.4% for revenue and 52.8% for operating profit. Compared with the 75% time elapsed in the fiscal year, the revenue shortfall was limited to 2.6 percentage points, while operating profit was 22.2 percentage points behind.
Subtracting cumulative results for the first 3 quarters from the full-year forecasts gives required fourth-quarter revenue of ¥2,986 million and operating profit of ¥529 million. Based on the previous year’s full-year results of ¥10,114 million in revenue and ¥911 million in operating profit, and first-3-quarter results of ¥7,624 million in revenue and ¥684 million in operating profit, previous-year fourth-quarter revenue was ¥2,490 million and operating profit was ¥227 million. Accordingly, this fiscal year requires an additional ¥496 million in revenue and ¥302 million in operating profit compared with the previous year’s fourth quarter, with operating profit needing to be approximately 2.3 times the previous year’s level.
The company has maintained its full-year earnings forecast, but the operating margin for the first 3 quarters was 7.56%, down 1.41 percentage points from 8.97% in the same period of the previous year. Simply tracking the revenue plan will not be sufficient. High-margin projects will need to be recognized in the fourth quarter, deferred projects will need to materialize, and cost burdens will need to normalize at the same time. The revenue and profit amounts required by project in the fourth quarter have not been disclosed.
At the next earnings announcement, we will want to assess not only whether fourth-quarter revenue of ¥2,986 million and operating profit of ¥529 million were achieved, but also the reasons for any shortfall by segment and project. The earnings announcement is scheduled for 14 October 2026, and whether the earnings forecast is revised, as well as whether fourth-quarter results reflect one-off project recognition, will also be important factors in the assessment.
Confirmed
Against the initial forecast as of the cumulative third-quarter results (net sales of ¥10,800 million and operating income of ¥1,120 million), full-year actual results were limited to net sales of ¥10,324 million and operating income of ¥733 million. Simple subtraction implies fourth-quarter net sales of approximately ¥2,510 million and operating income of approximately ¥142 million, substantially below the ¥2,986 million and ¥529 million required. The forecast itself was also revised downward on 9 October to net sales of ¥10,324 million and operating income of ¥737 million, and the actual results confirmed how difficult the sharp recovery required to achieve the initial plan would have been.
¥ million
The burden of recovering the remaining full-year forecast is heavier for operating profit than for revenue.
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2026-10-14
· Awaiting publication
The prior-year comparison for this event
2025-10-15 disclosed · In ¥ millions; each quarter is cumulative from the start of the fiscal year. EPS is in yen.
Latest available: FY2026 full year
Net salesBusiness scale
10,114JPY m
YoY unavailableOperating profitCore earnings
911JPY m
YoY unavailableNewest first. The highlighted column is this event’s comparison. YoY uses the same period and accounting basis.
| Metric | FY2026 full year | FY2026 Q3 | FY2026 Q2 | FY2026 Q1 | FY2025 full yearComparison | FY2025 Q3 | FY2025 Q2 | FY2025 Q1 |
|---|---|---|---|---|---|---|---|---|
| Net sales | 10,324↗ +2.1% YoY | 7,814↗ +2.5% YoY | 5,305↗ +0.6% YoY | 2,761↗ +8.5% YoY | 10,114YoY unavailable | 7,624YoY unavailable | 5,274YoY unavailable | 2,544YoY unavailable |
| Operating profit | 733↘ -19.5% YoY | 591↘ -13.6% YoY | 386↘ -21.5% YoY | 216↗ +1.9% YoY | 911YoY unavailable | 684YoY unavailable | 492YoY unavailable | 212YoY unavailable |
| Ordinary profit | 842↘ -14.6% YoY | 647↘ -4.4% YoY | 397↘ -22.6% YoY | 214→ 0.0% YoY | 986YoY unavailable | 677YoY unavailable | 513YoY unavailable | 214YoY unavailable |
| Net income | 764↗ +33.3% YoY | 415↗ +4.3% YoY | 250↘ -21.9% YoY | 138↗ +4.5% YoY | 573YoY unavailable | 398YoY unavailable | 320YoY unavailable | 132YoY unavailable |
| Earnings per share | 169.01↗ +36.7% YoY | 91.96↗ +8.0% YoY | 55.44↘ -19.3% YoY | 30.61↗ +7.6% YoY | 123.64YoY unavailable | 85.12YoY unavailable | 68.67YoY unavailable | 28.44YoY unavailable |