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Makuake, 15% Decrease in Ordinary Profit for The Current Fiscal Year

Tue Oct 28, 2025 3:30 pm JST Earnings

4479 Makuake,Inc. 【J-GAAP】

Earnings Report

Makuake,Inc. <4479> [TSE Growth] announced its financial results after the market closed on October 28th (15:30). The ordinary profit/loss (non-consolidated) for the fiscal year ended September 2025 turned into a profit of 475 million yen (compared to a loss of 60 million yen in the previous period). For the fiscal year ending September 2026, the ordinary profit is expected to decrease by 15.2% from the previous period to 403 million yen.

In the most recent three-month period, from July to September (4Q), the ordinary profit grew 4.0% from the same period last year, reaching 52 million yen. However, the operating profit margin drastically worsened from 5.6% in the same period last year to 2.2%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 3,810 -489 -482 -491 -39.0 0 Oct 24, 2023 J-GAAP
Sep, 2024 3,652 -62 -60 -103 -8.2 0 Oct 29, 2024 J-GAAP
Sep, 2025 4,577 447 475 407 32.0 0 Oct 28, 2025 J-GAAP
YoY +25.3% － － － －

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2025 Guidance 4,480 430 430 360 28.2 0 Aug 26, 2025 J-GAAP
Sep, 2025 Results 4,577 447 475 407 32.0 0 Oct 28, 2025 J-GAAP
Revision Rate +2.2% +4.0% +10.5% +13.1% +13.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 2,050 261 262 247 19.4 0 Apr 22, 2025 J-GAAP
Oct - Mar, 2025 Guidance ー ー ー ー － 0 Oct 28, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 3,652 -62 -60 -103 -8.2 0 Oct 29, 2024 J-GAAP
Sep, 2025 4,577 447 475 407 32.0 0 Oct 28, 2025 J-GAAP
Sep, 2026 Guidance 4,763 400 403 355 27.9 0 Oct 28, 2025 J-GAAP
YoY +4.1% -10.5% -15.2% -12.8% -12.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 921 52 50 59 4.7 5.6 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 980 100 100 104 8.2 10.2 Jan 28, 2025 J-GAAP
Jan - Mar, 2025 1,070 161 162 143 11.3 15.0 Apr 22, 2025 J-GAAP
Apr - Jun, 2025 1,299 159 161 138 10.8 12.2 Jul 29, 2025 J-GAAP
Jul - Sep, 2025 1,228 27 52 22 1.7 2.2 Oct 28, 2025 J-GAAP
YoY +33.3% -48.1% +4.0% -62.7% -63.0%

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