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Double Standard, First Half Ordinary Profit Decreases by 35%, Jul-Sep Ordinary Profit Decreases by 34%

Thu Nov 13, 2025 3:30 pm JST Earnings

3925 Double Standard Inc. 【J-GAAP】

Earnings Report

Double Standard Inc. <3925> [TSE Prime] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 35.0% from the same period last year to 0.76 billion yen. Progress toward the full-year plan of 2.08 billion yen was 36.8%, also falling below the five-year average of 44.8%.

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 decrease 8.1% from the same period last year to 1.31 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 0.43 billion yen, a 34.1% decrease compared to the same period last year. The operating profit margin decreased from 35.3% in the same period last year to 26.3%.

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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 3,201 825 830 646 47.6 36.1 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 3,649 1,179 1,178 813 60.2 45.2 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 3,060 762 766 511 37.8 36.8 Nov 13, 2025 J-GAAP
YoY -16.1% -35.4% -35.0% -37.1% -37.2%

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 3,060 762 766 511 37.8 0 Nov 13, 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 4,351 1,427 1,430 969 71.7 60 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,140 1,338 1,314 945 69.9 70 Nov 13, 2025 J-GAAP
YoY -4.8% -6.2% -8.1% -2.5% -2.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,147 2,309 2,296 1,654 122.0 55 May 13, 2024 J-GAAP
Mar, 2025 8,000 2,606 2,608 1,782 131.9 60 May 13, 2025 J-GAAP
Mar, 2026 Guidance 7,200 2,100 2,080 1,456 107.7 70 Aug 13, 2025 J-GAAP
YoY -10.0% -19.4% -20.2% -18.3% -18.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,887 666 666 459 34.0 35.3 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 1,988 677 677 460 34.0 34.1 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 2,363 750 753 509 37.7 31.7 May 13, 2025 J-GAAP
Apr - Jun, 2025 1,408 327 327 211 15.6 23.2 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 1,652 435 439 300 22.2 26.3 Nov 13, 2025 J-GAAP
YoY -12.5% -34.7% -34.1% -34.6% -34.6%

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