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Enigmo, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 100%, The Undecided Dividend Raised by 20 Yen

Fri Sep 12, 2025 3:00 pm JST Earnings

3665 Enigmo Inc. 【J-GAAP】

Earnings Report

Enigmo Inc. <3665> [TSE Prime] announced its financial results in the afternoon session on September 12th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending January 2026 (February to July) turned into a loss of 46 million yen (compared to a profit of 199 million yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit has decreased 99.6%, from the previous forecast of 536 million yen to 2 million yen (compared to 693 million yen in the previous period), leading to an increase in the profit decline rate from 22.7% to 99.7%. However, the full-year forecast for consolidated net income has been revised upward 20.2%, from the previous forecast of 322 million yen to 387 million yen (compared to 433 million yen in the previous period), and the declining rate is expected to decrease from 25.6% to 10.6%.

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 August to January period (second half) is expected to significant drop 90.3% from the same period last year to 48 million yen.

At the same time, the company has decided to implement a year-end lump-sum dividend of 30 yen for the current fiscal year, which was previously undecided (compared to 10 yen in the prior term).

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit/loss turned to a loss of 53 million yen (compared to a profit of 56 million yen in the same period last year). The operating profit/loss margin drastically worsened from 6.8% in the same period last year to -2.9%.

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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
Feb - Jul, 2023 3,014 389 397 275 6.9 39.0 Sep 14, 2023 J-GAAP
Feb - Jul, 2024 2,566 229 199 131 3.3 28.7 Sep 13, 2024 J-GAAP
Feb - Jul, 2025 2,898 -17 -46 -49 -1.3 Sep 12, 2025 J-GAAP
YoY +12.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2025 Guidance Mar 17, 2025 J-GAAP
Feb - Jul, 2025 Results 2,898 -17 -46 -49 -1.3 0 Sep 12, 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
Jan, 2026 Prev 6,719 536 536 322 8.1 Mar 17, 2025 J-GAAP
Jan, 2026 New 6,505 30 2 387 9.8 30 Sep 12, 2025 J-GAAP
Revision Rate -3.2% -94.4% -99.6% +20.2% +20.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2024 3,362 510 494 302 7.6 10 Mar 17, 2025 J-GAAP
Aug - Jan, 2025 Guidance 3,607 47 48 436 11.0 30 Sep 12, 2025 J-GAAP
YoY +7.3% -90.8% -90.3% +44.4% +44.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2024 6,203 999 1,019 838 21.1 10 Mar 14, 2024 J-GAAP
Jan, 2025 5,928 739 693 433 10.9 10 Mar 17, 2025 J-GAAP
Jan, 2026 Guidance 6,505 30 2 387 9.8 30 Sep 12, 2025 J-GAAP
YoY +9.7% -95.9% -99.7% -10.6% -10.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2024 1,242 84 56 32 0.8 6.8 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 1,350 60 30 15 0.4 4.4 Dec 13, 2024 J-GAAP
Nov - Jan, 2024 2,012 450 464 287 7.2 22.4 Mar 17, 2025 J-GAAP
Feb - Apr, 2025 1,493 24 7 77 1.9 1.6 Jun 13, 2025 J-GAAP
May - Jul, 2025 1,405 -41 -53 -126 -3.2 -2.9 Sep 12, 2025 J-GAAP
YoY +13.1%

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