Bell-Park (9441) Q3 2026 earnings summary

Executive summary

• 9M FY2026 revenue was ¥102,570.6M (+6.5% YoY), operating profit ¥6,508.7M (+44.6%), ordinary profit ¥6,819.7M (+48.0%) and net income ¥4,652.3M (+50.3%).

• Higher handset procurement and selling prices, ancillary-product sales, support-service recurring revenue and gross profit per unit lifted earnings despite lower unit sales and higher SG&A.

Financial highlights

• Gross profit was ¥26,609.7M versus ¥23,432.5M in 9M FY2025; SG&A rose to ¥20,101.0M from ¥18,932.4M.

• Comprehensive income was ¥4,617.2M, up 52.8% YoY; income before taxes was ¥6,816.5M versus ¥4,587.6M.

Outlook and guidance

• FY2026 guidance remains unchanged: revenue ¥130,000M, operating profit ¥6,600M, ordinary profit ¥6,900M, net income ¥4,650M and EPS ¥379.88.

• Q4 profit at and below operating profit is expected to decline versus each quarterly period through Q3, with higher expenses for shop PC replacement, human-capital investment and sales promotion.

• Forecasts are based on current information and assumptions; actual results may differ significantly.