kabutan
N225

68,713.80

+0.59%

TOPIX

4,197.20

+0.51%

USDJPY

159.29

-0.15%

GRCS, Net Income Forecast for the Fiscal Year Revised Downward to a Loss, 38% Deficit Against Net Assets

Wed Oct 15, 2025 4:00 pm JST Earnings

9250 GRCS Inc. 【J-GAAP】

Earnings Report

GRCS 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

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
2,047M -161M -175M -211M -165.3 Oct 13, 2023 J-GAAP
Dec - Aug, 2023
2,427M -11M -27M -33M -25.8 Oct 15, 2024 J-GAAP
Dec - Aug, 2024
2,465M -86M -110M -85M -63.6 Oct 15, 2025 J-GAAP
YoY +1.6% -681.8% -307.4% -157.6% -146.1%

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 2,352M 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%
Full Year Update
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

Second Half Results
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Jun - Nov, 2024
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%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Nov, 2023
2,783M -145M -173M -280M -218.5 0 Jan 12, 2024 J-GAAP
Nov, 2024
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
Jun - Aug, 2024
811M -41M -44M -35M -27.4 -5.1 Oct 15, 2024 J-GAAP
Sep - Nov, 2024
861M 55M 52M 145M 110.1 6.4 Jan 14, 2025 J-GAAP
Dec - Feb, 2024
779M -68M -70M -44M -32.8 -8.7 Apr 14, 2025 J-GAAP
Mar - May, 2025
822M -27M -39M -40M -29.8 -3.3 Jul 15, 2025 J-GAAP
Jun - Aug, 2025
864M 9M -1M -1M -0.8 1.0 Oct 15, 2025 J-GAAP
YoY +6.5% +97.7% +97.1% +97.3%