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note, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 2.6 times, Raises Record High Profit Forecast

Tue Oct 7, 2025 3:30 pm JST Earnings

5243 note inc. 【J-GAAP】

Earnings Report

note inc. <5243> [TSE Growth] announced its financial results after the market closed on October 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2025 (December 2024 to August 2025) surged 2.8 times that of the same period last year, reaching 139 million yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 2.6 times, from the previous forecast of 80 million yen to 210 million yen (compared to 75 million yen in the previous period), increasing the growth rate from 6.7% to 2.8 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 June to November period (second half) is expected to increase 3.9 times, from the previous forecast of 45 million yen to 175 million yen (compared to 60 million yen in the same period of the previous year), turning to a 2.9 times increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit surged 3.0 times that of the same period last year, reaching 104 million yen. The operating profit margin drastically improved from 2.6% in the same period last year to 9.7%.

Kabutan News

Actual Performance and Financial Trends

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Progress Rate
vs. First Half
Announce Accounting
Standards
Dec - Aug, 2022
2,054M -363M -399M -399M -26.6 Oct 13, 2023 J-GAAP
Dec - Aug, 2023
2,461M 34M 50M 47M 3.1 66.7 Oct 9, 2024 J-GAAP
Dec - Aug, 2024
3,046M 127M 139M 212M 13.0 66.2 Oct 7, 2025 J-GAAP
YoY +23.8% +273.5% +178.0% +351.1% +317.3%

Guidance Update

Second Half Update
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Jun - Nov, 2025 Prev 2,040M 37M 45M 40M 2.4 0 Jul 8, 2025 J-GAAP
Jun - Nov, 2025 New 2,155M 177M 175M 260M 15.6 0 Oct 7, 2025 J-GAAP
Revision Rate +5.6% +378.4% +288.9% +550.0% +551.0%
Full Year Update
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Nov, 2025 Prev 4,010M 60M 80M 110M 6.6 0 Jan 14, 2025 J-GAAP
Nov, 2025 New 4,125M 200M 210M 330M 19.8 0 Oct 7, 2025 J-GAAP
Revision Rate +2.9% +233.3% +162.5% +200.0% +200.2%

Current Period Guidance

Second Half Results
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Jun - Nov, 2024
1,696M 40M 60M 84M 5.5 0 Jan 14, 2025 J-GAAP
Guidance
Jun - Nov, 2025
2,155M 177M 175M 260M 15.6 0 Oct 7, 2025 J-GAAP
YoY +27.1% +342.5% +191.7% +209.5% +181.9%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Nov, 2023
2,777M -380M -413M -414M -27.5 0 Jan 11, 2024 J-GAAP
Nov, 2024
3,312M 52M 75M 98M 6.4 0 Jan 14, 2025 J-GAAP
Guidance
Nov, 2025
4,125M 200M 210M 330M 19.8 0 Oct 7, 2025 J-GAAP
YoY +24.5% +284.6% +180.0% +236.7% +206.7%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Jun - Aug, 2024
845M 22M 35M 33M 2.2 2.6 Oct 9, 2024 J-GAAP
Sep - Nov, 2024
851M 18M 25M 51M 3.4 2.1 Jan 14, 2025 J-GAAP
Dec - Feb, 2024
957M 5M 6M 4M 0.3 0.5 Apr 8, 2025 J-GAAP
Mar - May, 2025
1,013M 18M 29M 66M 4.1 1.8 Jul 8, 2025 J-GAAP
Jun - Aug, 2025
1,076M 104M 104M 142M 8.7 9.7 Oct 7, 2025 J-GAAP
YoY +27.3% +372.7% +197.1% +330.3% +298.2%