GRCS, Net Income Forecast for the Fiscal Year Revised Downward to a Loss, 38% Deficit Against Net Assets
9250 GRCS Inc. 【J-GAAP】
Earnings ReportGRCS Inc. <9250> [TSE Growth] announced its financial results after the market closed on October 15th (16:00). The consolidated net loss for the cumulative third quarter of the fiscal year ending November 2025 (December 2024 to August 2025) expanded to a loss of 85 million yen (compared to a loss of 33 million yen in the same period last year).
In addition, the full-year forecast for consolidated net income/loss has been revised downward from an expected profit of 60 million yen to a loss of 158 million yen (compared to a profit of 112 million yen in the previous period), turning to a loss outlook The deficit amounted to a 38.1% impairment of net assets at the end of the previous fiscal year..
Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the June to November period (second half) has been revised downward from an expected profit of 144 million yen to a loss of 74 million yen (compared to a profit of 110 million yen in the same period of the previous year), turning to a loss outlook.
In the most recent three-month period, from June to August (3Q), the consolidated net loss improved to a deficit of 1 million yen (compared to a loss of 35 million yen in the same period last year). The operating profit/loss margin drastically improved from -5.1% in the same period last year to 1.0%.
Kabutan News
Actual Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
2,047M | -161M | -175M | -211M | -165.3 | ー | Oct 13, 2023 | J-GAAP |
|
|
2,427M | -11M | -27M | -33M | -25.8 | ー | Oct 15, 2024 | J-GAAP |
|
|
2,465M | -86M | -110M | -85M | -63.6 | ー | Oct 15, 2025 | J-GAAP |
| YoY | +1.6% | -681.8% | -307.4% | -157.6% | -146.1% |
Guidance Update
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun - Nov, 2025 Prev | 2,352M | 210M | 198M | 144M | 106.6 | 0 | Jul 15, 2025 | J-GAAP |
| Jun - Nov, 2025 New | 1,732M | -1M | -18M | -74M | -54.8 | 0 | Oct 15, 2025 | J-GAAP |
| Revision Rate | -26.4% | - | - | - | - |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Nov, 2025 Prev | 3,953M | 115M | 89M | 60M | 44.4 | 0 | Jan 14, 2025 | J-GAAP |
| Nov, 2025 New | 3,333M | -96M | -127M | -158M | -117.0 | 0 | Oct 15, 2025 | J-GAAP |
| Revision Rate | -15.7% | - | - | - | - |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
1,672M | 14M | 8M | 110M | 83.5 | 0 | Jan 14, 2025 | J-GAAP |
|
Guidance
Jun - Nov, 2025
|
1,732M | -1M | -18M | -74M | -54.8 | 0 | Oct 15, 2025 | J-GAAP |
| YoY | +3.6% | - | - | - | - |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
2,783M | -145M | -173M | -280M | -218.5 | 0 | Jan 12, 2024 | J-GAAP |
|
|
3,288M | 44M | 25M | 112M | 85.1 | 0 | Jan 14, 2025 | J-GAAP |
|
Guidance
Nov, 2025
|
3,333M | -96M | -127M | -158M | -117.0 | 0 | Oct 15, 2025 | J-GAAP |
| YoY | +1.4% | - | - | - | - |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Operating Profit Margin |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
811M | -41M | -44M | -35M | -27.4 | -5.1 | Oct 15, 2024 | J-GAAP |
|
|
861M | 55M | 52M | 145M | 110.1 | 6.4 | Jan 14, 2025 | J-GAAP |
|
|
779M | -68M | -70M | -44M | -32.8 | -8.7 | Apr 14, 2025 | J-GAAP |
|
|
822M | -27M | -39M | -40M | -29.8 | -3.3 | Jul 15, 2025 | J-GAAP |
|
|
864M | 9M | -1M | -1M | -0.8 | 1.0 | Oct 15, 2025 | J-GAAP |
| YoY | +6.5% | - | +97.7% | +97.1% | +97.3% |
Related Articles
-
INGS inc, 26% Increase in Ordinary Profit, Record High for The First Time in Four Years
Wed Oct 15, 2025 4:00 pm JST Earnings -
ANAP, Last Fiscal Year's Net Income Loss Widens, Current period performance is undisclosed.
Wed Oct 15, 2025 4:00 pm JST Earnings -
OVERLAP, 8% Increase in Net Income, Update Record High for Fourth Consecutive Term
Wed Oct 15, 2025 4:00 pm JST Earnings -
Flier Inc, First Half Ordinary Profit Turns to Profit, Jun-Aug Ordinary Profit Turns to Profit
Wed Oct 15, 2025 4:00 pm JST Earnings -
Paycloud Holdings, 8% Increase in Ordinary Profit, Update Record High for Third Consecutive Term
Wed Oct 15, 2025 4:00 pm JST Earnings -
OPEN Group, First Half Ordinary Profit Turns to Profit
Wed Oct 15, 2025 4:00 pm JST Earnings -
MUROMACHI CHEMICALS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 2.1 times
Wed Oct 15, 2025 4:00 pm JST Earnings -
MIT Holdings, Dec-Aug (Cumulative 3Q) Ordinary Profit Increases by 19%, Jun-Aug Ordinary Profit Increases by 12%
Wed Oct 15, 2025 4:00 pm JST Earnings -
247 Inc, Net Income Forecast for the Fiscal Year Loss Widened in Downward Revision
Wed Oct 15, 2025 4:00 pm JST Earnings -
Fund Creation, Dec-Aug (Cumulative 3Q) Ordinary Profit Turns to Profit, Jun-Aug Ordinary Profit Turns to Profit
Wed Oct 15, 2025 4:00 pm JST Earnings