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SmartDrive, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 20%, Raises Record High Profit Forecast

Wed Aug 13, 2025 11:30 am JST Earnings

5137 SmartDrive inc. 【J-GAAP】

Earnings Report

SmartDrive inc. <5137> [TSE Growth] announced its financial results at noon (11:30) on August 13th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending September 2025 (October 2024 to June 2025) expanded 243 million yen, an increase 81.3% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 20.1%, from the previous forecast of 288 million yen to 346 million yen (compared to 171 million yen in the previous period), increasing the growth rate from 68.4% to 2.0 times, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the April to September period (second half) is expected to increase 40.8%, from the previous forecast of 142 million yen to 200 million yen (compared to 102 million yen in the same period of the previous year), increasing the growth rate from 39.2% to 96.1%.

In the most recent three-month period, from April to June (3Q), the consolidated ordinary profit increased 49.2% from the same period last year, reaching 97 million yen. The operating profit margin rose from 12.0% in the same period last year to 15.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Jun, 2022 1,259 -31 -48 -49 -1.4 ー Aug 14, 2023 J-GAAP
Oct - Jun, 2023 1,596 134 134 132 3.6 78.4 Aug 13, 2024 J-GAAP
Oct - Jun, 2024 2,112 259 243 157 4.2 70.2 Aug 13, 2025 J-GAAP
YoY +32.3% +93.3% +81.3% +18.9% +17.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev 1,648 146 142 296 7.9 0 May 14, 2025 J-GAAP
Apr - Sep, 2025 New 1,648 212 200 355 9.5 0 Aug 13, 2025 J-GAAP
Revision Rate 0.0% +45.2% +40.8% +19.9% +20.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2025 Prev 3,079 301 288 387 10.3 0 Nov 13, 2024 J-GAAP
Sep, 2025 New 3,079 367 346 446 11.9 0 Aug 13, 2025 J-GAAP
Revision Rate 0.0% +21.9% +20.1% +15.2% +15.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 1,103 104 102 198 5.3 0 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 Guidance 1,648 212 200 355 9.5 0 Aug 13, 2025 J-GAAP
YoY +49.4% +103.8% +96.1% +79.3% +78.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 1,709 -9 -26 -28 -0.8 0 Nov 14, 2023 J-GAAP
Sep, 2024 2,173 175 171 266 7.1 0 Nov 13, 2024 J-GAAP
Sep, 2025 Guidance 3,079 367 346 446 11.9 0 Aug 13, 2025 J-GAAP
YoY +41.7% +109.7% +102.3% +67.7% +66.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 526 63 65 64 1.7 12.0 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 577 41 37 134 3.6 7.1 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 641 39 35 21 0.6 6.1 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 790 116 111 70 1.9 14.7 May 14, 2025 J-GAAP
Apr - Jun, 2025 681 104 97 66 1.8 15.3 Aug 13, 2025 J-GAAP
YoY +29.5% +65.1% +49.2% +3.1% +2.3%

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