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MERF Inc, Returning to Profitability This Year

Fri Oct 10, 2025 3:30 pm JST Earnings

3168 MERF Inc. 【J-GAAP】

Earnings Report

MERF Inc. <3168> [TSE Std] announced its financial results after the market closed on October 10th (15:30). The consolidated ordinary profit/loss for the fiscal year ended August 2025 turned into a loss of 0.22 billion yen (compared to a profit of 1.03 billion yen in the previous period). The result was better than the previously estimated deficit of loss of 0.40 billion yen. For the fiscal year ending August 2026, the consolidated ordinary profit/loss is expected to recover to profit of 0.40 billion yen.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit/loss turned to a profit of 0.32 billion yen (compared to a loss of 0.19 billion yen in the same period last year). The operating profit/loss margin improved from -0.2% in the same period last year to 2.4%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2023 84,594 532 227 170 12.0 20 Oct 13, 2023 J-GAAP
Aug, 2024 82,070 1,450 1,037 532 37.7 20 Oct 11, 2024 J-GAAP
Aug, 2025 82,463 117 -220 -203 -14.4 20 Oct 10, 2025 J-GAAP
YoY +0.5% -91.9% － － －

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2025 Guidance 82,091 -197 -409 -412 -29.1 20 Apr 11, 2025 J-GAAP
Aug, 2025 Results 82,463 117 -220 -203 -14.4 20 Oct 10, 2025 J-GAAP
Revision Rate +0.5% － +46.2% +50.7% +50.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 43,064 -164 -227 -177 -12.6 10 Apr 11, 2025 J-GAAP
Sep - Feb, 2025 Guidance 39,171 300 131 86 6.1 10 Oct 10, 2025 J-GAAP
YoY -9.0% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 82,070 1,450 1,037 532 37.7 20 Oct 11, 2024 J-GAAP
Aug, 2025 82,463 117 -220 -203 -14.4 20 Oct 10, 2025 J-GAAP
Aug, 2026 Guidance 83,144 744 407 274 19.4 20 Oct 10, 2025 J-GAAP
YoY +0.8% +535.9% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 24,311 -49 -198 -71 -5.0 -0.2 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 21,350 14 32 32 2.3 0.1 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 21,714 -178 -259 -209 -14.8 -0.8 Apr 11, 2025 J-GAAP
Mar - May, 2025 18,928 -211 -319 -211 -15.0 -1.1 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 20,471 492 326 185 13.1 2.4 Oct 10, 2025 J-GAAP
YoY -15.8% － － － －

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