Paltac (8283) investor relations material

Executive summary

• Net sales for Q3 FY2026 (Apr–Dec 2025) rose 4.3% year-over-year to ¥950.6bn, driven by expansion in the wholesaler portfolio, high value-added products, and higher unit prices despite a challenging consumer environment.

• Operating profit declined 2.2% year-over-year to ¥21.9bn as higher SG&A expenses, mainly from personnel and logistics, outpaced gross profit growth.

• Net profit decreased 5.3% year-over-year to ¥17.3bn, with profit margin falling to 1.82%.

• Consumer frugality persisted amid inflation, but inbound demand and seasonal products supported sales.

Financial highlights

• Gross profit increased 5.0% year-over-year to ¥71.4bn, with gross margin up to 7.52%.

• SG&A expenses rose 8.6% to ¥49.5bn, with the expense ratio up to 5.21%.

• Ordinary profit fell 3.4% to ¥24.5bn; net profit declined 5.3% to ¥17.3bn.

• Net assets increased to ¥299,777 million as of December 31, 2025, up ¥12,108 million from March 31, 2025.

• Cash and cash equivalents at period end were ¥66,110 million, down ¥3,806 million from the previous fiscal year.

Outlook and guidance

• FY2026 full-year guidance maintained: net sales ¥1,230.0bn (+3.5%), operating profit ¥29.0bn (+3.5%), ordinary profit ¥32.2bn (+1.6%), net profit ¥22.0bn (–3.8%), EPS ¥356.70.

• No revision to previously announced forecasts or dividend guidance.

• Ongoing uncertainty expected due to consumer frugality, inflation, and rising logistics costs.

• Focus remains on expanding transactions and controlling SG&A expenses.