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Forside, Jan-Sep (Cumulative 3Q) Ordinary Profit Increases by 58 times, Exceeds Full-Year Plan

Thu Nov 13, 2025 3:40 pm JST Earnings

2330 Forside Co.,Ltd. 【J-GAAP】

Earnings Report

Forside Co.,Ltd. <2330> [TSE Std] announced its financial results after the market closed on November 13th (15:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) surged 58 times that of the same period last year, reaching 407 million yen. Progress toward the full-year plan of 364 million yen is 111.8%, already exceeding the target and also exceeding the five-year average of 79.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 43 million yen (compared to a profit of 40 million yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged 3.1 times that of the same period last year, reaching 210 million yen. The operating profit margin improved from 5.0% in the same period last year to 6.6%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 3,570 56 50 48 1.5 113.6 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 3,659 5 7 -25 -0.7 14.9 Nov 13, 2024 J-GAAP
Jan - Sep, 2025 6,842 393 407 379 8.8 111.8 Nov 13, 2025 J-GAAP
YoY +87.0% +7,760.0% +5,714.3% － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 3,144 118 107 139 3.5 0 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 5,005 162 167 132 3.0 － Aug 13, 2025 J-GAAP
YoY +59.2% +37.3% +56.1% -5.0% -14.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 4,817 52 44 113 3.3 0 Feb 13, 2024 J-GAAP
Dec, 2024 5,340 50 47 64 1.6 0 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 8,758 350 364 304 7.0 － Aug 13, 2025 J-GAAP
YoY +64.0% +600.0% +674.5% +375.0% +327.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,463 73 67 50 1.3 5.0 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 1,681 45 40 89 2.3 2.7 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 1,483 59 60 55 1.3 4.0 May 13, 2025 J-GAAP
Apr - Jun, 2025 2,270 129 137 117 2.7 5.7 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 3,089 205 210 207 4.8 6.6 Nov 13, 2025 J-GAAP
YoY +111.1% +180.8% +213.4% +314.0% +258.2%

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