JM Holdings (3539) Q2 2026 earnings summary

Executive summary

• Net sales for the quarter ended January 2026 rose 9.0% year-over-year to ¥101,189 million, with operating profit up 12.7% to ¥5,604 million and ordinary profit up 13.0% to ¥5,705 million.

• Profit attributable to owners of parent declined 11.4% year-over-year to ¥2,508 million, despite higher sales and operating profits.

• Comprehensive income decreased 3.3% year-over-year to ¥2,687 million.

Financial highlights

• Total assets as of January 2026 were ¥81,320 million, up from ¥72,721 million in July 2025.

• Net assets increased to ¥47,423 million from ¥45,347 million in July 2025.

• Capital adequacy ratio declined to 58.0% from 62.1% in the previous period.

• Basic earnings per share for the quarter were ¥49.22, down from ¥54.94 a year earlier.

Outlook and guidance

• Full-year net sales forecast for July 2026 is ¥196,000 million, representing an 8.5% year-over-year increase.

• Operating profit is projected at ¥10,900 million (up 5.3%), ordinary profit at ¥11,000 million (up 8.4%), and profit attributable to owners of parent at ¥7,000 million (up 8.4%).

• Basic earnings per share forecast for the year is ¥137.37, or ¥274.74 if not adjusted for a stock split.