World Holdings (2429) investor relations material

Executive summary

• Net sales for Q1 FY2026 rose 4.6% year-over-year to ¥66,420 million, but profits decreased due to timing of real estate deliveries and inventory shortages in some segments.

• Human Resources and Education Business saw strong demand and exceeded sales plans despite global uncertainty.

• Profit attributable to owners of parent dropped 43.1% year-over-year to ¥686 million, with comprehensive income down 36.7% to ¥1,059 million.

• No change in the full-year plan for consolidated sales and profit growth.

Financial highlights

• Net sales for FY2026 1Q were ¥66,420 million, up 4.6% year-over-year and 3.3% above plan.

• Operating profit was ¥1,884 million, down 24.6% year-over-year but 62.4% above plan.

• Ordinary profit reached ¥1,870 million, down 22.3% year-over-year but 83.4% above plan.

• Profit attributable to owners was ¥686 million, down 43.1% year-over-year but significantly above plan.

• EBITDA was ¥2,539 million, down 15.6% year-over-year.

• Net income per share for Q1 2026 was ¥38.37, down from ¥67.48 in Q1 2025.

• Total assets as of March 31, 2026, were ¥188,149 million, up from ¥185,692 million at the end of 2025.

• Net assets decreased to ¥52,192 million from ¥53,342 million, with an equity ratio of 25.6%.

Outlook and guidance

• FY2026 full-year net sales projected at ¥300,326 million, up 5.6% from FY2025.

• Operating profit forecasted at ¥12,500 million, up 15.5% year-over-year.

• Ordinary profit expected to reach ¥11,799 million, up 8.6% year-over-year.

• Profit attributable to owners projected at ¥6,966 million, up 5.2% year-over-year, or ¥389.29 per share.

• Dividend forecast for 2026 is ¥136.30 per share, unchanged from the previous forecast.

• Cautious business stance maintained due to ongoing uncertainty, leveraging a diversified portfolio.