Source disclosure: February 13, 2026

HOTMAN Co., Ltd. [3190.T]

TOKYO, Feb 13 (Pulse News Wire) – Hotman CO.,LTD. (3190.T) reported higher-than-expected results for the fiscal year ending December 31, 2025, compared to its previous forecast released on February 14, 2025.

According to the latest figures, revenue increased from ¥11.6 billion to ¥14.961 billion, while adjusted EBITDA rose from ¥2.4 billion to ¥2.898 billion. Adjusted net income also saw a significant boost, climbing from ¥1.2 billion to ¥1.514 billion. The improvements represent growth rates of 29%, 20.7%, and 26.2% respectively.

The positive variance was primarily attributed to the completion of seven additional acquisitions during the reporting period, which contributed incrementally to the consolidated earnings based on their respective acquisition timelines. Adjusted EBITDA is calculated as operating profit plus depreciation and amortization expenses, with adjustments made for acquisition-related costs such as advisory fees. Similarly, adjusted net income excludes amortization expense, negative goodwill, impairment losses related to intangible assets, and acquisition-related costs, providing a clearer picture of shareholder returns.

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