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Forside, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 2.4 times

Wed Aug 13, 2025 3:45 pm JST Earnings

2330 Forside Co.,Ltd. 【J-GAAP】

Earnings Report

Forside Co.,Ltd. <2330> [TSE Std] announced its financial results after the market closed on August 13th (15:45). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending December 2025 (January to June) turned into a profit of 197 million yen (compared to a loss of 60 million yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 2.4 times, from the previous forecast of 153 million yen to 364 million yen (compared to 47 million yen in the previous period), increasing the growth rate from 3.3 times to 7.7 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to expand 56.1% from the same period last year, reaching 167 million yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit/loss turned to a profit of 137 million yen (compared to a loss of 36 million yen in the same period last year). The operating profit/loss margin drastically improved from -3.3% in the same period last year to 5.7%.

Kabutan News

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 2,305 53 49 55 1.7 111.4 Aug 14, 2023 J-GAAP
Jan - Jun, 2024 2,196 -68 -60 -75 -2.0 Aug 14, 2024 J-GAAP
Jan - Jun, 2025 3,753 188 197 172 4.0 54.1 Aug 13, 2025 J-GAAP
YoY +70.9%

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 Feb 13, 2025 J-GAAP
Jan - Jun, 2025 Results 3,753 188 197 172 4.0 0 Aug 13, 2025 J-GAAP
Revision Rate

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 5,535 143 153 118 2.7 Feb 13, 2025 J-GAAP
Dec, 2025 New 8,758 350 364 304 7.0 Aug 13, 2025 J-GAAP
Revision Rate +58.2% +144.8% +137.9% +157.6% +157.2%

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 3,144 118 107 139 3.5 0 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 5,005 162 167 132 3.0 Aug 13, 2025 J-GAAP
YoY +59.2% +37.3% +56.1% -5.0% -14.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 4,817 52 44 113 3.3 0 Feb 13, 2024 J-GAAP
Dec, 2024 5,340 50 47 64 1.6 0 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 8,758 350 364 304 7.0 Aug 13, 2025 J-GAAP
YoY +64.0% +600.0% +674.5% +375.0% +327.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 1,207 -40 -36 -37 -1.0 -3.3 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,463 73 67 50 1.3 5.0 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 1,681 45 40 89 2.3 2.7 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 1,483 59 60 55 1.3 4.0 May 13, 2025 J-GAAP
Apr - Jun, 2025 2,270 129 137 117 2.7 5.7 Aug 13, 2025 J-GAAP
YoY +88.1%

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