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ValueCommerce, Jan-Sep (Cumulative 3Q) Ordinary Profit Decreases by 32%, Exceeds Full-Year Plan

Tue Oct 28, 2025 5:00 pm JST Earnings

2491 ValueCommerce Co., Ltd. 【J-GAAP】

Earnings Report

ValueCommerce Co., Ltd. <2491> [TSE Prime] announced its financial results after the market closed on October 28th (17:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) dropped 32.2% from the same period last year to 2.13 billion yen. Progress toward the full-year plan of 1.50 billion yen is 142.3%, already exceeding the target and also exceeding the five-year average of 74.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 0.63 billion yen (compared to a profit of 0.97 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 0.17 billion yen, an 80.8% decrease compared to the same period last year. The operating profit margin sharply declined from 12.6% in the same period last year to 4.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 21,751 3,867 3,876 2,678 82.8 74.3 Oct 27, 2023 J-GAAP
Jan - Sep, 2024 22,267 3,121 3,147 2,137 80.9 76.4 Oct 28, 2024 J-GAAP
Jan - Sep, 2025 20,812 2,189 2,134 2,293 105.8 142.3 Oct 28, 2025 J-GAAP
YoY -6.5% -29.9% -32.2% +7.3% +30.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 15,453 1,962 1,899 1,343 53.3 32 Jan 31, 2025 J-GAAP
Jul - Dec, 2025 Guidance 6,942 -492 -456 216 10.0 24 Jul 28, 2025 J-GAAP
YoY -55.1% － － -83.9% -81.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 29,396 5,229 5,217 3,400 105.2 53 Jan 30, 2024 J-GAAP
Dec, 2024 30,410 4,160 4,121 2,855 113.2 57 Jan 31, 2025 J-GAAP
Dec, 2025 Guidance 22,900 1,500 1,500 2,100 96.9 49 Apr 30, 2025 J-GAAP
YoY -24.7% -63.9% -63.6% -26.4% -14.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 7,310 923 925 625 23.7 12.6 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 8,143 1,039 974 718 28.5 12.8 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 8,181 1,055 1,061 1,053 48.7 12.9 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 7,777 937 895 831 38.4 12.0 Jul 28, 2025 J-GAAP
Jul - Sep, 2025 4,854 197 178 409 18.9 4.1 Oct 28, 2025 J-GAAP
YoY -33.6% -78.7% -80.8% -34.6% -20.2%

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