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MODEC, First Half Net Income Increases by 5%, Apr-Jun Net Income Increases by 21%

Thu Aug 7, 2025 12:30 pm JST Earnings

6269 MODEC,INC. 【IFRS】

Earnings Report

MODEC,INC. <6269> [TSE Prime] announced its financial results (based on IFRS) at noon (12:30) on August 7th. The consolidated net income for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 5.2% from the same period last year, reaching 21.0 billion yen. Progress toward the full-year plan of 42.7 billion yen was 49.2%, exceeding the four-year average of 41.4%.

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 July to December period (second half) is expected to expand 45.7% from the same period last year, reaching 21.6 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated net income grew 20.8% from the same period last year, reaching 12.6 billion yen. However, the operating profit margin decreased from 10.4% in the same period last year to 8.1%.

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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
Jan - Jun, 2023 230,338 7,157 7,957 3,449 61.1 26.1 Aug 10, 2023 IFRS
Jan - Jun, 2024 302,373 30,066 29,277 19,970 292.4 60.1 Aug 8, 2024 IFRS
Jan - Jun, 2025 300,378 24,935 28,459 21,008 307.5 42.8 Aug 7, 2025 IFRS
YoY -0.7% -17.1% -2.8% +5.2% +5.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance ー ー ー ー － 60 Feb 13, 2025 IFRS
Jan - Jun, 2025 Results 300,378 24,935 28,459 21,008 307.5 60 Aug 7, 2025 IFRS
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 359,715 21,000 19,429 14,887 217.9 50 Feb 13, 2025 IFRS
Jul - Dec, 2025 Guidance 284,777 39,906 37,964 21,692 317.4 60 Aug 7, 2025 IFRS
YoY -20.8% +90.0% +95.4% +45.7% +45.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 507,031 27,364 30,446 13,691 219.4 20 Feb 14, 2024 IFRS
Dec, 2024 662,088 51,066 48,706 34,857 510.3 80 Feb 13, 2025 IFRS
Dec, 2025 Guidance 585,155 64,841 66,423 42,700 624.8 120 Feb 13, 2025 IFRS
YoY -11.6% +27.0% +36.4% +22.5% +22.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 177,849 18,444 16,851 10,507 153.8 10.4 Aug 8, 2024 IFRS
Jul - Sep, 2024 125,332 6,419 6,445 4,454 65.2 5.1 Nov 12, 2024 IFRS
Oct - Dec, 2024 234,383 14,581 12,984 10,433 152.7 6.2 Feb 13, 2025 IFRS
Jan - Mar, 2025 130,545 11,244 10,762 8,319 121.8 8.6 May 13, 2025 IFRS
Apr - Jun, 2025 169,833 13,691 17,697 12,689 185.7 8.1 Aug 7, 2025 IFRS
YoY -4.5% -25.8% +5.0% +20.8% +20.7%

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