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INES, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 58% Decrease, Dividend Revised down by 5 Yen

Tue Oct 28, 2025 3:30 pm JST Earnings

9742 INES Corporation 【J-GAAP】

Earnings Report

INES Corporation <9742> [TSE Prime] announced its financial results after the market closed on October 28th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a loss of 0.80 billion yen (compared to a profit of 0.89 billion yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit has decreased 63.4%, from the previous forecast of 4.10 billion yen to 1.50 billion yen (compared to 3.60 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 58.4% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 15.1% from the same period last year to 2.30 billion yen.

Due to a decline in performance, the company has reduced its planned annual dividend for the current fiscal year from the original plan of 60 yen to 55 yen (compared to 55 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 0.06 billion yen, a 95.0% decrease compared to the same period last year. The operating profit/loss margin drastically worsened from 11.7% in the same period last year to -0.5%.

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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
Apr - Sep, 2023 19,612 856 890 473 22.8 32.6 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 18,631 876 898 537 25.8 24.9 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 16,486 -920 -801 -601 -28.9 ー Oct 28, 2025 J-GAAP
YoY -11.5% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － － Apr 30, 2025 J-GAAP
Apr - Sep, 2025 Results 16,486 -920 -801 -601 -28.9 25 Oct 28, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 43,000 4,000 4,100 2,800 134.5 60 Apr 30, 2025 J-GAAP
Mar, 2026 New 39,000 1,400 1,500 1,000 48.1 55 Oct 28, 2025 J-GAAP
Revision Rate -9.3% -65.0% -63.4% -64.3% -64.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 21,932 2,660 2,710 1,899 91.3 30 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 22,514 2,320 2,301 1,601 76.9 30 Oct 28, 2025 J-GAAP
YoY +2.7% -12.8% -15.1% -15.7% -15.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 40,557 2,877 2,732 1,795 86.3 50 Apr 30, 2024 J-GAAP
Mar, 2025 40,563 3,536 3,608 2,436 117.1 55 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 39,000 1,400 1,500 1,000 48.1 55 Oct 28, 2025 J-GAAP
YoY -3.9% -60.4% -58.4% -58.9% -59.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 10,195 1,197 1,202 812 39.1 11.7 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 9,512 663 697 461 22.2 7.0 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 12,420 1,997 2,013 1,438 69.1 16.1 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 7,712 -878 -861 -618 -29.7 -11.4 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 8,774 -42 60 17 0.8 -0.5 Oct 28, 2025 J-GAAP
YoY -13.9% － -95.0% -97.9% -97.9%

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