Hakuhodo DY Holdings Inc

2433: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Hakuhodo Earnings: Improving Margins but Caution for Internet Ad Lag; Shares Undervalued

Pujance Chan

Feb 17, 2026

Hakuhodo's December-quarter revenue and operating income grew 1.5% and 29.6% year over year, respectively, attributable to growth in Japan billings that more than offset the decline in overseas billings and improvements in profitability across segments, driven by cost-optimization efforts.

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Hakuhodo DY Holdings Inc

Hakuhodo Earnings: Improving Margins but Caution for Internet Ad Lag; Shares Undervalued

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