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S-Pool, First Half Net Income Decreases by 40%, Mar-May Net Income Decreases by 26%

Fri Jul 11, 2025 3:30 pm JST Earnings

2471 S-Pool,Inc. 【J-GAAP】

Earnings Report

S-Pool,Inc. <2471> [TSE Prime] announced its financial results (based on IFRS) after the market closed on July 11th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending November 2025 (December 2024 to May 2025) dropped 40.1% from the same period last year to 0.41 billion yen. Progress toward the full-year plan of 1.90 billion yen was 21.5%, also falling below the same period of the previous year of 32.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the June to November period (second half) is expected to grow 5.8% from the same period last year, reaching 1.49 billion yen.

In the most recent three-month period, from March to May (2Q), the consolidated net income decreased to 0.31 billion yen, a 26.2% decrease compared to the same period last year. The operating profit margin decreased from 11.1% in the same period last year to 8.6%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Dec - May, 2022 13,132 1,506 1,451 968 12.3 54.8 Jul 5, 2023 IFRS
Dec - May, 2023 12,093 741 650 684 8.7 25.3 Jul 12, 2024 IFRS
Dec - May, 2024 12,499 806 670 410 5.2 23.9 Jul 11, 2025 IFRS
YoY +3.4% +8.8% +3.1% -40.1% -39.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 Guidance 12,313 502 367 250 3.2 0 Jan 14, 2025 IFRS
Dec - May, 2024 Results 12,499 806 670 410 5.2 0 Jul 11, 2025 IFRS
Revision Rate +1.5% +60.6% +82.6% +64.0% +63.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 13,461 2,042 1,919 1,415 17.9 10 Jan 14, 2025 IFRS
Jun - Nov, 2025 Guidance 14,329 2,268 2,134 1,497 19.2 10 Jul 11, 2025 IFRS
YoY +6.4% +11.1% +11.2% +5.8% +7.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2023 25,784 2,777 2,649 1,730 21.9 10 Jan 12, 2024 IFRS
Nov, 2024 25,554 2,783 2,569 2,099 26.6 10 Jan 14, 2025 IFRS
Nov, 2025 Guidance 26,828 3,074 2,804 1,907 24.4 10 Jan 14, 2025 IFRS
YoY +5.0% +10.5% +9.1% -9.1% -8.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Mar - May, 2024 6,435 716 663 423 5.4 11.1 Jul 12, 2024 IFRS
Jun - Aug, 2024 6,086 538 478 363 4.6 8.8 Oct 11, 2024 IFRS
Sep - Nov, 2024 7,375 1,504 1,441 1,052 13.3 20.4 Jan 14, 2025 IFRS
Dec - Feb, 2024 6,131 261 198 98 1.2 4.3 Apr 11, 2025 IFRS
Mar - May, 2025 6,368 545 472 312 4.0 8.6 Jul 11, 2025 IFRS
YoY -1.0% -23.9% -28.8% -26.2% -25.7%

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