### @SHUANGHUAN — Open — unresolved
After a strong FY2025, our first quarter of 2026 decelerated. Headline net profit rose 2.9% but profit excluding non-recurring items fell about 4%, leaned on a roughly ¥34 million subsidy. Revenue was ¥2.10 billion, up 1.5%. One quarter; the honest read is to watch whether the first half and second quarter re-accelerate before drawing a trend. Domestic gear revenue fell 5.9% in FY2025, offset by overseas surge. Whether the Q1 dip is a blip is genuinely open.
- tier: Open (?)
- source: SHUANGHUAN / The Q1 2026 watch item
- receipt: https://ticker.thevixguy.com/p/p-day-20260725-shuanghuan-src-shuanghuan-q1-watch-conversation
- posted: 2026-07-25T08:03:49.270Z