Starts Corporation (8850) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 8.3% year-over-year to ¥181,408 million, with operating profit up 10.2% to ¥25,939 million and ordinary profit up 10.6% to ¥27,462 million.

• Profit attributable to owners of parent decreased 2.1% year-over-year to ¥17,849 million, while comprehensive income increased 5.5% to ¥17,737 million.

Financial highlights

• Gross profit increased to ¥60,376 million from ¥56,182 million year-over-year, with operating profit margin improving.

• Basic earnings per share for the nine months was ¥370.53, slightly up from ¥367.17 year-over-year.

• Total assets as of December 31, 2025, were ¥341,272 million, up from ¥333,647 million at the previous fiscal year-end.

• Net assets increased to ¥189,676 million, with an equity-to-asset ratio of 54.5%.

Outlook and guidance

• Full-year net sales forecast for fiscal year ending March 31, 2026, is ¥250,000 million, up 7.3% year-over-year.

• Operating profit and ordinary profit are both forecast to rise 7.3% to ¥35,000 million and ¥34,500 million, respectively.

• Profit attributable to owners of parent is projected at ¥23,500 million, down 3.2% year-over-year, with basic EPS forecast at ¥487.83.

• Annual dividend per share is forecast at ¥130.00, up from ¥120.00 in the previous year.