Source disclosure: February 13, 2026
AP HOLDINGS CO.,LTD. [3175.T]
TOKYO — AP Holdings Co., Ltd., represented by Chairman and President Hisashi Yamasaki (code: 3175 Tokyo Standard), disclosed on February 13, 2026, progress updates regarding its improvement plan aimed at meeting the listing maintenance criteria based on net assets. The company reported that it had entered an improvement period following its announcement on June 27, 2025, due to becoming insolvent during the fiscal year ending March 2025.
For the third quarter of the fiscal year ending March 2026, the company's consolidated sales reached ¥164.89 billion, marking a 4.0% increase from the same period last year. Operating income surged by 183.9%, reaching ¥7.42 billion, while ordinary income increased by 132.5% to ¥6.97 billion. Net income attributable to shareholders of the parent company stood at ¥10.96 billion, reflecting a significant rise of 325.6%.
As of the end of the third quarter, the company achieved asset surplus status with a net asset value of ¥1.09 billion, reversing from a debt deficit of ¥0.5 billion as of March 2025. The firm is committed to maintaining this positive trend through the end of March 2026 by rigorously executing its plans and further enhancing its financial health.
Regarding the fundamental policies toward eliminating insolvency, AP Holdings has implemented several strategies since announcing its improvement plan on June 27, 2025. These include the sale of subsidiaries, curbing new store openings, and restructuring personnel systems under HR leadership. In operations, the company intensified reservation measures during peak seasons, leading to better-than-expected results. Additionally, overseas businesses have seen improvements through the withdrawal of unprofitable stores, setting the stage for sustainable growth.
The company also detailed advancements in its subsidiary divestiture efforts, completing the sale process announced on May 30, 2025. This resulted in a special gain of ¥438,870 thousand recorded in the current fiscal year’s consolidated accounts. Furthermore, the company completed the abandonment of ¥86,466 thousand in claims according to the share transfer agreement.
In terms of organizational condition enhancement across business units, the company focused on streamlining workforce structures, improving educational standards, and fortifying hygiene environments. Specific initiatives included reconstructing work processes to enhance efficiency, implementing comprehensive training programs tailored to individual employee needs, and initiating strict sanitation guidelines aligned with government regulations.
Looking ahead, AP Holdings aims to intensify cost-cutting measures and secure funding to address rising material and energy costs. The company will reassess procurement methods and introduce energy-saving equipment to reduce electricity consumption. It also plans to optimize headquarter operations to rationalize manpower expenses. By these means, AP Holdings seeks to achieve profitability targets and solidify its financial foundation.
AP Holdings will continue to provide quarterly reports on its progress until the elimination of debt exceeds is confirmed at the end of the fiscal year. The improvement period set by the company spans from April 1, 2025, to March 31, 2026.
Note: Financial figures from the earnings presentation have been removed pending correction. For accurate figures, refer to the company's earnings summary (kessan tanshin) filed separately on TDNet.
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