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M3 Inc, Jul-Sep (2Q) Net Income Increases by 80%

Wed Nov 12, 2025 3:30 pm JST Earnings

2413 M3, Inc. 【IFRS】

Earnings Report

M3, Inc. <2413> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 12th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 22.7 billion yen, an increase 31.3% compared to the same period last year, exceeded the previous forecast of 18.5 billion yen.

Progress toward the full-year plan of 45.0 billion yen was 50.5%, almost the same as the five-year average of 49.3%.

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 decrease 3.9% from the same period last year to 22.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased 79.8% from the same period last year, reaching 10.8 billion yen. However, the operating profit margin decreased from 19.9% in the same period last year to 19.1%.

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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 115,795 34,559 37,322 23,406 34.5 54.2 Oct 27, 2023 IFRS
Apr - Sep, 2024 124,819 28,982 29,074 17,294 25.5 44.9 Oct 30, 2024 IFRS
Apr - Sep, 2025 170,885 35,992 36,681 22,711 33.5 52.4 Nov 12, 2025 IFRS
YoY +36.9% +24.2% +26.2% +31.3% +31.4%

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 172,000 31,000 31,000 18,500 27.3 0 May 2, 2025 IFRS
Apr - Sep, 2025 Results 170,885 35,992 36,681 22,711 33.5 0 Nov 12, 2025 IFRS
Revision Rate -0.6% +16.1% +18.3% +22.8% +22.6%

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 160,081 33,989 35,711 23,190 34.2 21 May 2, 2025 IFRS
Oct - Mar, 2025 Guidance 189,115 34,008 33,319 22,289 32.9 － Nov 12, 2025 IFRS
YoY +18.1% +0.1% -6.7% -3.9% -3.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 238,883 64,381 68,840 45,271 66.7 21 Apr 26, 2024 IFRS
Mar, 2025 284,900 62,971 64,785 40,484 59.6 21 May 2, 2025 IFRS
Mar, 2026 Guidance 360,000 70,000 70,000 45,000 66.4 － May 2, 2025 IFRS
YoY +26.4% +11.2% +8.0% +11.2% +11.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 60,610 12,083 10,290 6,046 8.9 19.9 Oct 30, 2024 IFRS
Oct - Dec, 2024 80,702 21,119 23,439 15,250 22.5 26.2 Feb 10, 2025 IFRS
Jan - Mar, 2025 79,379 12,870 12,272 7,940 11.7 16.2 May 2, 2025 IFRS
Apr - Jun, 2025 86,200 19,777 19,683 11,840 17.4 22.9 Aug 6, 2025 IFRS
Jul - Sep, 2025 84,685 16,215 16,998 10,871 16.0 19.1 Nov 12, 2025 IFRS
YoY +39.7% +34.2% +65.2% +79.8% +80.0%

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