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ZETT, First Half Ordinary Profit Revised Downward to an Unexpected 11%Decrease

Thu Nov 13, 2025 3:30 pm JST Earnings

8135 ZETT CORPORATION 【J-GAAP】

Earnings Report

ZETT CORPORATION <8135> [TSE Std] 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) decreased 11.2% from the same period last year to 0.62 billion yen, resulting in a decrease in profits compared to the previous forecast of a 2.0% increase.

Progress toward the full-year plan of 1.30 billion yen was 48.2%, also falling below the five-year average of 60.1%.

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 18.7% from the same period last year, reaching 0.67 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 32.4% from the same period last year, reaching 0.24 billion yen. The operating profit margin remained almost flat, changing from 1.0% in the same period last year to 1.3%.

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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 26,120 616 717 438 22.4 70.2 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 27,247 581 706 466 23.9 55.5 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 29,146 516 627 384 19.7 48.2 Nov 13, 2025 J-GAAP
YoY +7.0% -11.2% -11.2% -17.6% -17.6%

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 27,600 590 720 475 24.3 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 29,146 516 627 384 19.7 0 Nov 13, 2025 J-GAAP
Revision Rate +5.6% -12.5% -12.9% -19.2% -19.0%

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 28,062 491 567 2,526 129.1 18 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 26,854 584 673 496 25.3 18 Nov 13, 2025 J-GAAP
YoY -4.3% +18.9% +18.7% -80.4% -80.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 51,957 876 1,021 810 41.4 8 May 9, 2024 J-GAAP
Mar, 2025 55,309 1,072 1,273 2,992 152.9 18 May 15, 2025 J-GAAP
Mar, 2026 Guidance 56,000 1,100 1,300 880 45.0 18 May 15, 2025 J-GAAP
YoY +1.2% +2.6% +2.1% -70.6% -70.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 13,708 142 182 110 5.6 1.0 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 12,713 60 105 2,102 107.4 0.5 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 15,349 431 462 424 21.7 2.8 May 15, 2025 J-GAAP
Apr - Jun, 2025 14,473 328 386 209 10.7 2.3 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 14,673 188 241 175 9.0 1.3 Nov 13, 2025 J-GAAP
YoY +7.0% +32.4% +32.4% +59.1% +59.1%

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