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MIRARTH, First Half Ordinary Profit Turns to Loss, Jul-Sep Ordinary Profit Turns to Loss

Mon Nov 10, 2025 5:00 pm JST Earnings

8897 MIRARTH HOLDINGS,Inc. 【J-GAAP】

Earnings Report

MIRARTH HOLDINGS,Inc. <8897> [TSE Prime] announced its financial results after the market closed on November 10th (17:00). 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 1.59 billion yen (compared to a profit of 3.53 billion yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand 53.0% from the same period last year, reaching 13.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 0.78 billion yen (compared to a profit of 2.33 billion yen in the same period last year). The operating profit margin drastically worsened from 6.4% in the same period last year to 0.2%.

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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 59,179 2,370 1,382 87 0.8 10.6 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 86,363 4,580 3,537 2,077 16.5 28.5 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 56,561 12 -1,598 -878 -6.5 ー Nov 10, 2025 J-GAAP
YoY -34.5% -99.7% － － －

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 － 5 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 56,561 12 -1,598 -878 -6.5 5 Nov 10, 2025 J-GAAP
Revision Rate － － － － －

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 110,160 9,784 8,890 6,130 46.8 23 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 159,839 15,488 13,598 8,878 65.3 16 Nov 10, 2025 J-GAAP
YoY +45.1% +58.3% +53.0% +44.8% +39.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 185,194 15,457 12,984 8,178 74.4 24 May 13, 2024 J-GAAP
Mar, 2025 196,523 14,364 12,427 8,207 62.7 30 May 12, 2025 J-GAAP
Mar, 2026 Guidance 216,400 15,500 12,000 8,000 58.8 21 May 12, 2025 J-GAAP
YoY +10.1% +7.9% -3.4% -2.5% -6.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 47,498 3,049 2,330 1,486 11.8 6.4 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 23,969 -2,072 -2,474 -1,996 -15.5 -8.6 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 86,191 11,856 11,364 8,126 62.1 13.8 May 12, 2025 J-GAAP
Apr - Jun, 2025 26,330 -44 -816 -563 -4.2 -0.2 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 30,231 56 -782 -315 -2.3 0.2 Nov 10, 2025 J-GAAP
YoY -36.4% -98.2% － － －

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