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Will Smart, Jul-Sep (3Q) Net Income Loss Narrows

Fri Nov 7, 2025 3:30 pm JST Earnings

175A Will Smart Co.,LTD. 【J-GAAP】

Earnings Report

Will Smart Co.,LTD. <175A> [TSE Growth] announced its financial results after the market closed on November 7th (15:30). The net loss (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2025 (January to September) was loss of 220 million yen.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the net income for the October to December period (4Q) is expected to surge 17 times that of the same period last year, reaching 260 million yen.

In the most recent three-month period, from July to September (3Q), the net loss improved to a deficit of 67 million yen (compared to a loss of 110 million yen in the previous period). The operating profit/loss margin drastically improved from -90.2% in the same period last year to -38.6%.

Note: Due to a change in the fiscal year ending December 2024 (9-month fiscal year), comparisons with the same period in the previous year are not provided since there is no corresponding period.

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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
Apr - Dec, 2024 Changed 512 -227 -223 -223 -154.7 ー Feb 14, 2025 J-GAAP
Jan - Sep, 2025 550 -241 -219 -220 -150.2 ー Nov 7, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Dec, 2024 Changed 277 8 13 15 10.4 0 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 839 218 203 193 131.2 － Aug 8, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,085 36 35 27 21.8 0 Apr 26, 2024 J-GAAP
Dec, 2024 Changed 512 -227 -223 -223 -154.7 0 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 1,200 50 50 40 27.2 － Feb 14, 2025 J-GAAP
YoY － － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 122 -110 -109 -110 -76.5 -90.2 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 277 8 13 15 10.4 2.9 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 213 -68 -54 -54 -37.5 -31.9 May 13, 2025 J-GAAP
Apr - Jun, 2025 148 -100 -99 -99 -68.0 -67.6 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 189 -73 -66 -67 -45.7 -38.6 Nov 7, 2025 J-GAAP
YoY +54.9% +33.6% +39.4% +39.1% +40.2%

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