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eREX, First Half Net Income Decreases by 6%

Tue Nov 11, 2025 3:30 pm JST Earnings

9517 eREX Co.,Ltd. 【J-GAAP】

Earnings Report

eREX Co.,Ltd. <9517> [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) decreased 5.9% from the same period last year to 1.58 billion yen. Progress toward the full-year plan of 3.41 billion yen was 46.5%, also falling below the same period of the previous year of 79.7%.

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 surge 4.2 times that of the same period last year, reaching 1.82 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a profit of 1.72 billion yen (compared to a loss of 0.06 billion yen in the same period last year). However, the operating profit margin worsened from 6.5% in the same period last year to 4.4%.

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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 120,894 -9,726 -8,684 -10,636 -179.4 ー Nov 10, 2023 IFRS
Apr - Sep, 2024 83,214 5,144 4,351 1,687 23.5 68.7 Nov 8, 2024 IFRS
Apr - Sep, 2025 86,544 3,621 3,212 1,587 20.4 42.8 Nov 11, 2025 IFRS
YoY +4.0% -29.6% -26.2% -5.9% -13.4%

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 IFRS
Apr - Sep, 2025 Results 86,544 3,621 3,212 1,587 20.4 0 Nov 11, 2025 IFRS
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 88,003 1,993 1,979 431 5.8 11 May 12, 2025 IFRS
Oct - Mar, 2025 Guidance 89,637 4,980 4,298 1,828 23.4 11 Nov 11, 2025 IFRS
YoY +1.9% +149.9% +117.2% +324.1% +301.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 244,977 -21,949 -19,949 -21,347 -359.9 0 May 10, 2024 IFRS
Mar, 2025 171,217 7,137 6,330 2,118 28.7 11 May 12, 2025 IFRS
Mar, 2026 Guidance 176,181 8,601 7,510 3,415 43.8 11 May 12, 2025 IFRS
YoY +2.9% +20.5% +18.6% +61.2% +52.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 49,774 3,233 1,208 -60 -0.8 6.5 Nov 8, 2024 IFRS
Oct - Dec, 2024 43,369 2,864 3,971 2,729 37.6 6.6 Feb 12, 2025 IFRS
Jan - Mar, 2025 44,634 -871 -1,992 -2,298 -31.1 -2.0 May 12, 2025 IFRS
Apr - Jun, 2025 37,047 1,453 535 -135 -1.7 3.9 Aug 8, 2025 IFRS
Jul - Sep, 2025 49,497 2,168 2,677 1,722 22.1 4.4 Nov 11, 2025 IFRS
YoY -0.6% -32.9% +121.6% － －

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