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ASIRO, Net Income Forecast for the Fiscal Year Revised Upward by 11%, Exceeded Record Profit Forecast, Dividend Revised Upward by 3.9 Yen

Fri Sep 12, 2025 3:30 pm JST Earnings

7378 ASIRO Inc. 【IFRS】

Earnings Report

ASIRO Inc. <7378> [TSE Growth] announced its financial results (based on IFRS) after the market closed on September 12th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending October 2025 (November 2024 to July 2025) turned into a profit of 815 million yen (compared to a loss of 23 million yen in the same period last year).

In addition, the full-year forecast for consolidated net income has been revised upward 10.7%, from the previous forecast of 830 million yen to 919 million yen (compared to 142 million yen in the previous period), increasing the growth rate from 5.8 times to 6.5 times. The company has further increased its previous forecast of record profits for the first time in three years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the May to October period (second half) is expected to increase 39.2%, from the previous forecast of 227 million yen to 316 million yen (compared to 266 million yen in the same period of the previous year), turning to an 18.8% increase in the consolidated net income outlook.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 33.9 yen to 37.8 yen (compared to 24.18 yen in the previous period).

In the most recent three-month period, from May to July (3Q), the consolidated net income surged 2.1 times that of the same period last year, reaching 212 million yen. The operating profit margin rose from 15.4% in the same period last year to 19.3%.

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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
Nov - Jul, 2022 2,338 149 142 77 10.5 330.2 Sep 14, 2023 IFRS
Nov - Jul, 2023 3,298 185 177 -23 -3.1 55.5 Sep 13, 2024 IFRS
Nov - Jul, 2024 5,046 1,179 1,175 815 112.0 85.5 Sep 12, 2025 IFRS
YoY +53.0% +537.3% +563.8%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2025 Prev 2,982 414 414 227 31.1 33.90 Jun 13, 2025 IFRS
May - Oct, 2025 New 3,197 527 527 316 43.4 37.80 Sep 12, 2025 IFRS
Revision Rate +7.2% +27.3% +27.3% +39.2% +39.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2025 Prev 6,326 1,265 1,261 830 113.9 33.90 Dec 13, 2024 IFRS
Oct, 2025 New 6,541 1,378 1,374 919 126.1 37.80 Sep 12, 2025 IFRS
Revision Rate +3.4% +8.9% +9.0% +10.7% +10.7%

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 2,695 328 324 266 36.8 24.18 Dec 13, 2024 IFRS
May - Oct, 2025 Guidance 3,197 527 527 316 43.4 37.80 Sep 12, 2025 IFRS
YoY +18.6% +60.7% +62.7% +18.8% +18.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 3,198 53 43 -12 -1.7 13.61 Dec 14, 2023 IFRS
Oct, 2024 4,798 329 319 142 19.6 24.18 Dec 13, 2024 IFRS
Oct, 2025 Guidance 6,541 1,378 1,374 919 126.1 37.80 Sep 12, 2025 IFRS
YoY +36.3% +318.8% +330.7% +547.2% +542.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2024 1,195 184 182 101 13.7 15.4 Sep 13, 2024 IFRS
Aug - Oct, 2024 1,500 144 142 165 22.8 9.6 Dec 13, 2024 IFRS
Nov - Jan, 2024 1,581 406 404 269 36.9 25.7 Mar 14, 2025 IFRS
Feb - Apr, 2025 1,763 445 443 334 45.9 25.2 Jun 13, 2025 IFRS
May - Jul, 2025 1,702 328 328 212 29.1 19.3 Sep 12, 2025 IFRS
YoY +42.4% +78.3% +80.2% +109.9% +111.9%

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