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Verite, First Half Net Income Decreases by 73%, Jul-Sep Net Income Decreases by 9%

Thu Nov 13, 2025 1:00 pm JST Earnings

9904 Verite Co.,Ltd. 【J-GAAP】

Earnings Report

Verite Co.,Ltd. <9904> [TSE Std] announced its financial results in the afternoon session on November 13th (13:00). The net income (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) significantly dropped 72.7% from the same period last year to 36 million yen. Progress toward the full-year plan of 527 million yen was 6.8%, also falling below the five-year average of 28.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the net income for the October to March period (second half) is expected to grow 12.4% from the same period last year, reaching 491 million yen.

In the most recent three-month period, from July to September (2Q), the net income decreased to 102 million yen, an 8.9% decrease compared to the same period last year. However, the operating profit margin rose from 10.5% in the same period last year to 11.6%.

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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 3,508 282 274 154 5.7 32.8 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 3,602 246 236 132 4.9 25.7 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 3,921 213 194 36 1.4 22.1 Nov 13, 2025 J-GAAP
YoY +8.9% -13.4% -17.8% -72.7% -72.1%

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 3,921 213 194 36 1.3 10.49 Nov 11, 2025 J-GAAP
Apr - Sep, 2025 Results 3,921 213 194 36 1.4 10.49 Nov 13, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +2.3%

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 4,345 629 683 437 16.1 9.25 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,516 702 683 491 18.1 10.49 Nov 11, 2025 J-GAAP
YoY +3.9% +11.6% 0.0% +12.4% +12.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,639 855 835 502 18.5 20.10 May 15, 2024 J-GAAP
Mar, 2025 7,947 875 919 569 21.0 18.50 May 14, 2025 J-GAAP
Mar, 2026 Guidance 8,437 915 877 527 19.4 20.98 May 14, 2025 J-GAAP
YoY +6.2% +4.6% -4.6% -7.4% -7.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,930 202 197 112 4.1 10.5 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 2,150 327 320 206 7.6 15.2 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 2,195 302 363 231 8.5 13.8 May 14, 2025 J-GAAP
Apr - Jun, 2025 1,699 -45 -54 -66 -2.5 -2.6 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 2,222 258 248 102 3.9 11.6 Nov 13, 2025 J-GAAP
YoY +15.1% +27.7% +25.9% -8.9% -6.8%

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