kabutan

FRIENDLY, Net Income Forecast for the Fiscal Year Revised Downward by 29%

Mon Nov 10, 2025 3:30 pm JST Earnings

8209 FRIENDLY CORPORATION 【J-GAAP】

Earnings Report

FRIENDLY CORPORATION <8209> [TSE Std] announced its financial results after the market closed on November 10th (15:30). The net loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was a reduced loss of 9 million yen (compared to a loss of 28 million yen in the same period last year), reversing from the forecast of a 30 million yen to a loss. The company has been in a state of excessive liabilities (49 million yen) for three consecutive quarters.

In addition, the full-year forecast for net income has decreased 28.6%, from the previous forecast of 70 million yen to 50 million yen (compared to a loss of 85 million yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the net income/loss for the October to March period (second half) is expected to turn into a profit of 59 million yen (compared to a loss of 57 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the net loss improved to a deficit of 9 million yen (compared to a loss of 23 million yen in the same period last year). The operating profit/loss margin improved from -3.0% in the same period last year to -1.4%.

Kabutan News

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 1,070 20 27 18 -0.7 245.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 1,038 -21 -15 -28 -16.9 ー Nov 8, 2024 J-GAAP
Apr - Sep, 2025 1,121 -7 -1 -9 -10.4 ー Nov 10, 2025 J-GAAP
YoY +8.0% +66.7% +93.3% +67.9% +38.8%

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 1,230 40 40 30 10.5 0 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 1,121 -7 -1 -9 -10.4 0 Nov 10, 2025 J-GAAP
Revision Rate -8.9% － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 2,420 80 90 70 10.5 0 May 9, 2025 J-GAAP
Mar, 2026 New 2,308 55 65 50 3.5 0 Nov 10, 2025 J-GAAP
Revision Rate -4.6% -31.3% -27.8% -28.6% -66.6%

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 1,065 -18 -13 -57 -29.5 0 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,187 62 66 59 4.1 0 Nov 10, 2025 J-GAAP
YoY +11.5% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,067 -3 11 -6 -16.3 0 May 10, 2024 J-GAAP
Mar, 2025 2,103 -39 -28 -85 -44.0 0 May 9, 2025 J-GAAP
Mar, 2026 Guidance 2,308 55 65 50 3.5 0 Nov 10, 2025 J-GAAP
YoY +9.7% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 528 -16 -13 -23 -13.9 -3.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 526 -16 -13 -18 -10.6 -3.0 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 539 -2 0 -39 -20.2 -0.4 May 9, 2025 J-GAAP
Apr - Jun, 2025 557 1 3 0 -3.5 0.2 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 564 -8 -4 -9 -10.4 -1.4 Nov 10, 2025 J-GAAP
YoY +6.8% +50.0% +69.2% +60.9% +25.5%

Related Articles