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PERSOL HOLDINGS, First Half Net Income Unexpectedly Revised Upward by 12%

Tue Nov 11, 2025 3:30 pm JST Earnings

2181 PERSOL HOLDINGS CO.,LTD. 【IFRS】

Earnings Report

PERSOL HOLDINGS CO.,LTD. <2181> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 11th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 12.1% from the same period last year, reaching 23.9 billion yen, resulting in an increase in profits compared to the previous forecast of a 1.8% decrease.

However, Progress toward the full-year plan of 41.0 billion yen was 58.5%, it was below the three-year average of 70.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow 17.5% from the same period last year, reaching 17.0 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased 58.0% from the same period last year, reaching 13.3 billion yen. The operating profit margin improved from 4.2% in the same period last year to 5.6%.

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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 654,887 26,379 25,982 16,768 7.4 53.1 Nov 10, 2023 IFRS
Apr - Sep, 2024 717,586 32,102 32,015 21,381 9.6 56.0 Nov 11, 2024 IFRS
Apr - Sep, 2025 752,741 36,603 35,974 23,976 10.9 55.3 Nov 11, 2025 IFRS
YoY +4.9% +14.0% +12.4% +12.1% +14.3%

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 757,000 34,300 34,000 21,000 9.5 5.50 May 13, 2025 IFRS
Apr - Sep, 2025 Results 752,741 36,603 35,974 23,976 10.9 5.50 Nov 11, 2025 IFRS
Revision Rate -0.6% +6.7% +5.8% +14.2% +15.4%

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 733,652 25,324 25,141 14,490 6.5 5 May 13, 2025 IFRS
Oct - Mar, 2025 Guidance 787,259 29,397 29,026 17,024 7.6 5.50 Nov 11, 2025 IFRS
YoY +7.3% +16.1% +15.5% +17.5% +16.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,327,123 52,065 48,926 29,971 13.2 8.60 May 13, 2024 IFRS
Mar, 2025 1,451,238 57,426 57,156 35,871 16.2 9.50 May 13, 2025 IFRS
Mar, 2026 Guidance 1,540,000 66,000 65,000 41,000 18.4 11 May 13, 2025 IFRS
YoY +6.1% +14.9% +13.7% +14.3% +13.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 356,772 15,136 14,783 8,429 3.8 4.2 Nov 11, 2024 IFRS
Oct - Dec, 2024 368,627 16,318 16,146 9,780 4.4 4.4 Feb 14, 2025 IFRS
Jan - Mar, 2025 365,025 9,006 8,995 4,710 2.1 2.5 May 13, 2025 IFRS
Apr - Jun, 2025 373,669 15,400 15,269 10,662 4.9 4.1 Aug 8, 2025 IFRS
Jul - Sep, 2025 379,072 21,203 20,705 13,314 6.1 5.6 Nov 11, 2025 IFRS
YoY +6.3% +40.1% +40.1% +58.0% +61.0%

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