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

Mon Nov 10, 2025 5:00 pm JST Earnings

3970 Innovation Inc. 【J-GAAP】

Earnings Report

Innovation Inc. <3970> [TSE Growth] 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 327 million yen (compared to a profit of 181 million 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 surge 4.2 times that of the same period last year, reaching 667 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 82 million yen (compared to a profit of 150 million yen in the same period last year). The operating profit/loss margin drastically worsened from 11.2% in the same period last year to -4.2%.

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 2,110 231 234 136 53.6 57.9 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 2,591 185 181 23 8.8 53.2 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 3,369 -261 -327 -269 -101.7 ー Nov 10, 2025 J-GAAP
YoY +30.0% － － － －

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 － 0 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 3,369 -261 -327 -269 -101.7 0 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 2,752 166 159 44 16.7 40 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,931 651 667 469 175.6 40 Nov 10, 2025 J-GAAP
YoY +79.2% +292.2% +319.5% +965.9% +954.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 4,813 399 404 244 95.1 40 May 10, 2024 J-GAAP
Mar, 2025 5,343 351 340 67 25.4 40 May 12, 2025 J-GAAP
Mar, 2026 Guidance 8,300 390 340 200 74.9 40 May 12, 2025 J-GAAP
YoY +55.3% +11.1% 0.0% +198.5% +195.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,376 154 150 35 13.3 11.2 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 1,301 41 40 2 0.8 3.2 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 1,451 125 119 42 15.9 8.6 May 12, 2025 J-GAAP
Apr - Jun, 2025 1,591 -186 -245 -186 -70.3 -11.7 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 1,778 -75 -82 -83 -31.4 -4.2 Nov 10, 2025 J-GAAP
YoY +29.2% － － － －

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