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Nareru Group, May-Jul (3Q) Net Income Decreases by 10%

Thu Sep 11, 2025 3:30 pm JST Earnings

9163 Nareru Group Inc. 【IFRS】

Earnings Report

Nareru Group Inc. <9163> [TSE Growth] announced its financial results (based on IFRS) after the market closed on September 11th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending October 2025 (November 2024 to July 2025) increased 7.4% from the same period last year, reaching 1.59 billion yen. However, Progress toward the full-year plan of 2.33 billion yen was 68.6%, also falling below the three-year average of 72.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the August to October period (4Q) is expected to grow 4.7% from the same period last year, reaching 0.73 billion yen.

In the most recent three-month period, from May to July (3Q), the consolidated net income decreased to 0.51 billion yen, a 9.6% decrease compared to the same period last year. The operating profit margin decreased from 14.6% in the same period last year to 11.8%.

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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
Nov - Jul, 2022 13,064 1,826 1,787 1,231 149.1 72.2 Sep 13, 2023 IFRS
Nov - Jul, 2023 15,801 2,149 2,112 1,488 174.4 69.0 Sep 11, 2024 IFRS
Nov - Jul, 2024 17,926 2,261 2,207 1,598 182.9 68.5 Sep 11, 2025 IFRS
YoY +13.4% +5.2% +4.5% +7.4% +4.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 11,406 1,777 1,749 1,264 147.5 60 Dec 13, 2024 IFRS
May - Oct, 2025 Guidance 13,860 1,775 1,719 1,243 142.1 60 Jun 13, 2025 IFRS
YoY +21.5% -0.1% -1.7% -1.7% -3.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 17,994 2,469 2,475 1,741 209.9 95 Dec 13, 2023 IFRS
Oct, 2024 21,608 3,110 3,059 2,187 255.2 110 Dec 13, 2024 IFRS
Oct, 2025 Guidance 25,650 3,310 3,220 2,330 266.3 115 Dec 13, 2024 IFRS
YoY +18.7% +6.4% +5.3% +6.5% +4.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2024 5,599 816 802 565 66.2 14.6 Sep 11, 2024 IFRS
Aug - Oct, 2024 5,807 961 947 699 81.6 16.5 Dec 13, 2024 IFRS
Nov - Jan, 2024 5,892 900 883 649 74.5 15.3 Mar 13, 2025 IFRS
Feb - Apr, 2025 5,898 635 618 438 50.2 10.8 Jun 13, 2025 IFRS
May - Jul, 2025 6,136 726 706 511 58.5 11.8 Sep 11, 2025 IFRS
YoY +9.6% -11.0% -12.0% -9.6% -11.7%

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