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FORVAL, First Half Ordinary Profit Decreases by 21%, Jul-Sep Ordinary Profit Decreases by 5%

Wed Nov 12, 2025 3:30 pm JST Earnings

8275 FORVAL CORPORATION 【J-GAAP】

Earnings Report

FORVAL CORPORATION <8275> [TSE Std] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 20.7% from the same period last year to 1.34 billion yen. Progress toward the full-year plan of 4.20 billion yen was 32.1%, also falling below the five-year average of 38.3%.

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 grow 25.3% from the same period last year, reaching 2.85 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.10 billion yen, a 5.4% decrease compared to the same period last year. The operating profit margin worsened from 6.4% 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 30,576 1,498 1,656 942 36.7 47.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 33,839 1,596 1,699 820 31.4 42.7 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 33,934 1,202 1,348 602 23.1 32.1 Nov 12, 2025 J-GAAP
YoY +0.3% -24.7% -20.7% -26.6% -26.3%

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 ー ー ー ー － 0 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 33,934 1,202 1,348 602 23.1 0 Nov 12, 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 38,790 2,144 2,276 1,348 51.6 30 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 42,066 2,898 2,852 1,598 61.2 31 Nov 12, 2025 J-GAAP
YoY +8.4% +35.2% +25.3% +18.5% +18.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 63,527 3,235 3,459 2,011 78.2 28 May 13, 2024 J-GAAP
Mar, 2025 72,629 3,740 3,975 2,168 83.1 30 May 13, 2025 J-GAAP
Mar, 2026 Guidance 76,000 4,100 4,200 2,200 84.2 31 May 13, 2025 J-GAAP
YoY +4.6% +9.6% +5.7% +1.5% +1.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 18,019 1,145 1,165 625 23.9 6.4 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 18,118 747 778 550 21.1 4.1 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 20,672 1,397 1,498 798 30.6 6.8 May 13, 2025 J-GAAP
Apr - Jun, 2025 15,998 205 246 64 2.5 1.3 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 17,936 997 1,102 538 20.6 5.6 Nov 12, 2025 J-GAAP
YoY -0.5% -12.9% -5.4% -13.9% -13.6%

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