7048.T

• General Market Context
  • The peak of earnings announcements, which began in the final week of January 2026, has concluded. Over 2,600 Japanese companies released earnings in just the first and second weeks of February 2026 alone.
  • Initial stock price reactions to earnings announcements during the peak rush do not always hold for multiple days. Full, substantive reassessment of earnings often occurs only after the peak period passes, which is an important dynamic for both risk-on and risk-off investing strategies.
• Company-Specific Operational Updates
  • Power X IPO'd in December 2025, and manufactures energy storage type power plants.
  • VELTRA operates an online booking platform for overseas optional tours and activities, and is benefiting from the inbound tourism recovery after the COVID-19 pandemic. It achieved its first full-year profit in 5 periods and has refreshed its profit structure.
  • Trial Holdings operates the Trial supermarket chain, and recently gained major attention for its acquisition of Seiyu.
  • Nihon Micronics provides measuring instruments and testing equipment required for semiconductor manufacturing processes, and discloses performance forecasts two quarters in advance. Its reported actual results for the prior period outperformed full-year guidance, with revenue up 26.1% year-over-year and operating profit up more than 30% year-over-year.
  • Global Link Management offers one-stop investment real estate solutions covering development, sales, and rental management. It has increased progress toward its existing mid-term management plan profit target and implemented a dividend increase, and is targeting a new record high profit.
  • Trial Holdings released a new mid-term management plan alongside its Q2 results, setting 2029 June fiscal year targets of 1.6 trillion yen in revenue and 64.0 billion yen in operating profit. Global Link Management noted that the probability of achieving its mid-term plan "GLM100" has increased further, and the firm is moving into its next growth phase leveraging SPC structures.
• Value of Checking Earnings Announcements Broadly
  • Beyond investment analysis, checking earnings announcements even for non-held companies can provide deeper insight into relevant business and social issues. For example, recent high-profile cyberattacks on Askul (2678) and Asahi Group HD (2502) were widely reported in news, but most mainstream news outlets do not cover subsequent post-attack damage summaries. These summaries are often included in official earnings releases, providing deeper actionable insight for business practitioners.

• Power X guides a 96.8% year-over-year revenue increase to 38.0 billion yen for the 2026 December fiscal year, and guides a swing from a prior period 0.67 billion yen operating deficit to an operating profit of 2.0 billion yen to 2.5 billion yen.
• VELTRA guides a 9.1% year-over-year revenue increase to 5.0 billion yen and a 261.5% year-over-year operating profit increase to 0.38 billion yen for the 2026 December fiscal year.
• Trial Holdings has set long-term mid-term guidance for the 2029 June fiscal year of 1.6 trillion yen in total revenue and 64.0 billion yen in operating profit.
• Nihon Micronics guides 32.5% year-over-year revenue growth to 43.9 billion yen and 62.5% year-over-year operating profit growth to 12.3 billion yen for the 2026 December fiscal year second quarter, in line with its policy of disclosing two-quarter-ahead forecasts.
• Global Link Management guides an 8.3% year-over-year revenue increase to 75.0 billion yen and a 14.3% year-over-year operating profit increase to 8.5 billion yen for the 2026 December fiscal year, and is targeting a new all-time high profit for the period.

The provided content only covers full-year or half-year/quarterly performance for five separate individual firms, no multi-segment breakdown for a single firm is provided:

1. Power X (485A, energy storage): 2026 December full-year planned revenue of 38.0 billion yen, 96.8% year-over-year increase; the firm posted a 0.67 billion yen operating loss in the prior period, and plans an operating profit between 2.0 billion yen and 2.5 billion yen for 2026.
2. VELTRA (7048, travel): 2026 December full-year planned revenue of 5.0 billion yen, 9.1% year-over-year increase; planned operating profit of 0.38 billion yen, 261.5% year-over-year increase.
3. Trial Holdings (141A, retail): 2026 June fiscal year second quarter actual revenue of 674.1 billion yen, 67.0% year-over-year increase; actual operating profit of 16.6 billion yen, 71.9% year-over-year increase.
4. Nihon Micronics (6871, semiconductor inspection equipment): 2026 December fiscal year second quarter planned revenue of 43.9 billion yen, 32.5% year-over-year increase; planned operating profit of 12.3 billion yen, 62.5% year-over-year increase.
5. Global Link Management (3486, real estate solutions): 2026 December full-year planned revenue of 75.0 billion yen, 8.3% year-over-year increase; planned operating profit of 8.5 billion yen, 14.3% year-over-year increase.

• The initial stock price reaction to an earnings announcement during peak earnings season does not always persist, so investors should wait for a full reassessment after the peak passes before making investment decisions.
• General market conditions and company-specific supply and demand dynamics also impact stock price movements after earnings, in addition to the content of the earnings release itself.
• Cyberattacks represent a material operational risk to Japanese companies; while major cyberattacks are widely reported, post-attack damage summaries are rarely covered in mainstream news and can only be found in official corporate earnings disclosures.

No structured question and answer section from an official earnings call is included in the provided content. The only linked question and answer content is from Power X's post-IPO press conference, which is not included in the provided transcript.