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West Holdings Corporation (1407) investor relations material
West Holdings Corporation Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for the nine months ended May 31, 2026, rose 33.4% year-over-year to ¥29,339 million, with operating profit up 128.2% to ¥4,614 million.
Profit attributable to owners of parent increased 198.6% year-over-year to ¥2,316 million.
Comprehensive income for the period reached ¥2,877 million, up 214.1% from the prior year.
Financial highlights
Gross profit for the nine-month period was ¥9,980 million, up from ¥7,469 million year-over-year.
Ordinary profit increased 114.4% year-over-year to ¥3,399 million.
Basic earnings per share for the period was ¥58.41, compared to ¥19.56 in the prior year.
Total assets as of May 31, 2026, were ¥149,480 million, with net assets at ¥35,464 million.
Outlook and guidance
Full-year net sales forecast is ¥54,460 million, up 15.3% year-over-year.
Operating profit for the full year is projected at ¥11,376 million, up 31.6% year-over-year.
Profit attributable to owners of parent is forecast at ¥6,602 million, up 23.2% year-over-year, with basic EPS of ¥166.47.
Annual dividend forecast is ¥65.00 per share, including a special dividend of ¥35.00.
- Revenue up 13.1% year-over-year, but net income down 12.8% amid margin pressure.1407
Q3 202413 May 2026 - Record revenue and profit growth led by non-FIT solar, with double-digit gains forecast for FY2025.1407
Q4 202413 May 2026 - Revenue and profit dropped sharply in Q1 FY2025, with a net loss and unchanged full-year outlook.1407
Q1 202513 May 2026 - Sharp H1 profit drop from project delays, but full-year outlook and guidance unchanged.1407
Q2 202513 May 2026 - Profits fell sharply on lower sales, but guidance was raised amid renewable energy growth.1407
Q3 202513 May 2026 - Profit fell on lower renewables sales, but battery storage and power segments drove future growth.1407
Q4 202513 May 2026 - Revenue up 11.1% YoY, but operating profit down and net loss posted amid strategic shift.1407
Q1 202613 May 2026 - Revenue up, profits down; battery storage and maintenance strong, renewables weak.1407
Q2 202613 May 2026
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