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i-plug, 21% Increase in Ordinary Profit, Update Record High for Second Consecutive Term

Thu May 15, 2025 3:15 pm JST Earnings

4177 i-plug,Inc. 【J-GAAP】

Earnings Report

i-plug,Inc. <4177> [TSE Growth] announced its financial results in the afternoon session on May 15th (15:15). The consolidated ordinary profit for the fiscal year ending March 2025 surged by 4.2 times that of the previous term, reaching 579 million yen. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to grow by 20.6% to 698 million yen, marking the second consecutive term of record-high profits. This will be the tenth consecutive term of revenue growth.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit significantly dropped to 112 million yen, a 67.9% decrease compared to the same period last year. The operating profit margin sharply declined from 24.8% in the same period last year to 7.5%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,741 -411 -397 -492 -125.3 0 May 15, 2023 J-GAAP
Mar, 2024 4,602 139 137 -193 -49.2 0 May 14, 2024 J-GAAP
Mar, 2025 5,084 578 579 597 151.1 0 May 15, 2025 J-GAAP
YoY +10.5% +315.8% +322.6% － －

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 5,640 550 548 406 102.5 0 May 14, 2024 J-GAAP
Mar, 2025 Results 5,084 578 579 597 151.1 0 May 15, 2025 J-GAAP
Revision Rate -9.9% +5.1% +5.7% +47.0% +47.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 2,069 -48 -48 -61 -15.6 0 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 Guidance ー ー ー ー － 0 May 15, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 4,602 139 137 -193 -49.2 0 May 14, 2024 J-GAAP
Mar, 2025 5,084 578 579 597 151.1 0 May 15, 2025 J-GAAP
Mar, 2026 Guidance 6,100 700 698 418 104.9 0 May 15, 2025 J-GAAP
YoY +20.0% +21.1% +20.6% -30.0% -30.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 1,414 350 349 31 7.9 24.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 788 -305 -304 -229 -58.2 -38.7 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,281 257 256 168 43.1 20.1 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 1,538 515 515 472 119.5 33.5 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 1,477 111 112 186 47.1 7.5 May 15, 2025 J-GAAP
YoY +4.5% -68.3% -67.9% +500.0% +496.6%

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