Source disclosure: February 13, 2026
WATT MANN CO.,LTD. [9927.T]
TOKYO — WATT MANN CO., LTD. (9927), announced its consolidated earnings results for the third quarter of the fiscal year ending March 2026 on February 13, 2026. The company reported a slight increase in sales revenue but noted declines in key profitability metrics such as EBITDA and operating income.
For the period from April 1, 2025 to December 31, 2025, WATT MANN recorded consolidated sales revenue of ¥6,417 million, marking a 3.5% rise compared to the same period last year. However, EBITDA declined by 16.3%, falling to ¥436 million. Operating profit also decreased by 18.6% to ¥374 million, while net income attributable to shareholders dropped by 16.2% to ¥392 million. Despite these decreases, the company's net income per share increased significantly to ¥45.40, up from ¥31.51 in the corresponding period of the previous fiscal year.
The company’s balance sheet showed total assets of ¥5,089 million and equity of ¥3,660 million as of the end of the third quarter, resulting in a solid equity ratio of 71.9%. This represents an improvement over the prior year-end figures, where total assets were ¥5,087 million and equity was ¥3,425 million, yielding an equity ratio of 67.2%.
Regarding dividends, WATT MANN decided not to pay any dividend for the fiscal year ending March 2026 due to the conditions set forth in their recent announcement regarding the implementation of management buyout (MBO). Specifically, the decision is contingent upon the successful completion of the tender offer for ordinary shares. As a result, no interim dividends will be paid during this fiscal year.
In addition to the financial performance update, the company provided forward-looking estimates for the full fiscal year ending March 2026. Sales revenue is forecasted to reach ¥9,050 million, representing an 8.0% growth rate compared to the previous fiscal year. Furthermore, EBITDA is expected to grow by 24.3% to ¥827 million, while operating profit and ordinary profit are projected to increase by 26.8% and 24.2%, respectively. Net income attributable to shareholders is anticipated to surge by 44.6% to ¥498 million, translating to an estimated earnings per share of ¥56.92.
WATT MANN emphasized that these forecasts remain unchanged from previously disclosed expectations. Nonetheless, the company cautioned investors about potential discrepancies between actual outcomes and projections, citing various factors that could impact future performance. Detailed explanations concerning the assumptions underlying these forecasts and guidance notes on how to utilize them appropriately can be found in the attached quarterly report under section three titled "Explanations Regarding Forward-Looking Information Such as Linked Performance Forecasts."
This comprehensive disclosure underscores WATT MANN's commitment to transparency and provides stakeholders with a clear picture of the company's current standing and outlook for the remainder of the fiscal year.
AI-translated content. 🟢 Confidence: High See terms • Original filing