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BayCurrent Inc, First Half Net Income Increases by 29%, Jun-Aug Net Income Increases by 28%

Wed Oct 15, 2025 3:30 pm JST Earnings

6532 BayCurrent, Inc. 【IFRS】

Earnings Report

BayCurrent, Inc. <6532> [TSE Prime] announced its financial results (based on IFRS) after the market closed on October 15th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending February 2026 (March to August) increased 28.9% from the previous period non-consolidated to 17.2 billion yen. Progress toward the full-year plan of 37.3 billion yen was 46.2%, exceeding the five-year average of 41.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the September to February period (second half) is expected to grow 15.4% from the same period last year, reaching 20.0 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated net income grew 28.4% from the same period last year, reaching 8.21 billion yen. The operating profit margin remained almost flat, changing from 32.4% in the same period last year to 32.4%.

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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
Mar - Aug, 2023 43,726 15,498 15,475 11,274 73.7 45.3 Oct 13, 2023 IFRS
Mar - Aug, 2024 54,094 18,129 18,089 13,368 87.8 42.5 Oct 10, 2024 IFRS
Mar - Aug, 2025 68,462 23,270 23,292 17,229 113.4 45.8 Oct 15, 2025 IFRS
YoY +26.6% +28.4% +28.8% +28.9% +29.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 Guidance ー ー ー ー － 50 Apr 10, 2025 IFRS
Mar - Aug, 2025 Results 68,462 23,270 23,292 17,229 113.4 50 Oct 15, 2025 IFRS
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 61,962 24,486 24,457 17,392 114.3 37 Apr 10, 2025 IFRS
Sep - Feb, 2025 Guidance 74,538 27,730 27,608 20,071 132.2 50 Oct 15, 2025 IFRS
YoY +20.3% +13.2% +12.9% +15.4% +15.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 93,909 34,129 34,160 25,382 166.0 43 Apr 12, 2024 IFRS
Feb, 2025 116,056 42,615 42,546 30,760 202.2 62 Apr 10, 2025 IFRS
Feb, 2026 Guidance 143,000 51,000 50,900 37,300 245.6 100 Apr 10, 2025 IFRS
YoY +23.2% +19.7% +19.6% +21.3% +21.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 26,797 8,674 8,653 6,395 42.0 32.4 Oct 10, 2024 IFRS
Sep - Nov, 2024 29,431 10,618 10,599 7,832 51.5 36.1 Jan 14, 2025 IFRS
Dec - Feb, 2024 32,531 13,868 13,858 9,560 62.8 42.6 Apr 10, 2025 IFRS
Mar - May, 2025 34,307 12,207 12,190 9,016 59.3 35.6 Jul 15, 2025 IFRS
Jun - Aug, 2025 34,155 11,063 11,102 8,213 54.1 32.4 Oct 15, 2025 IFRS
YoY +27.5% +27.5% +28.3% +28.4% +28.8%

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