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HAPPINET, First Half Ordinary Profit Increases by 34%, Dividend Effectively Increased

Thu Nov 13, 2025 3:30 pm JST Earnings

7552 HAPPINET CORPORATION 【J-GAAP】

Earnings Report

HAPPINET CORPORATION <7552> [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) expanded 8.91 billion yen, an increase 33.9% compared to the same period last year. Progress toward the full-year plan of 12.0 billion yen was 74.3%, also surpassing the five-year average of 52.1%.

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 drop 41.9% from the same period last year to 3.08 billion yen.

At the same time, due to a planned 2-for-1 forward stock split is scheduled for December 31, the annual dividend for the current fiscal year has been revised from the original plan of 50 yen to 40 yen (equivalent to 55 yen before the forward stock split) This effectively represents a 10.0% increase in the annual dividend.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 52.2% from the same period last year, reaching 4.84 billion yen. The operating profit margin improved from 3.8% in the same period last year to 4.7%.

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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 160,957 4,728 4,901 4,129 185.6 54.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 168,547 6,523 6,660 4,386 198.1 55.7 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 196,435 8,710 8,917 6,671 303.9 74.3 Nov 13, 2025 J-GAAP
YoY +16.5% +33.5% +33.9% +52.1% +53.4%

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 194,000 8,400 8,600 6,500 296.1 25 Sep 24, 2025 J-GAAP
Apr - Sep, 2025 Results 196,435 8,710 8,917 6,671 303.9 25 Nov 13, 2025 J-GAAP
Revision Rate +1.3% +3.7% +3.7% +2.6% +2.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 390,000 11,800 12,000 7,200 327.9 50 May 13, 2025 J-GAAP
Mar, 2026 New 390,000 11,800 12,000 7,200 327.9 55 Nov 13, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 195,871 5,154 5,303 2,378 107.9 105 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 193,565 3,090 3,083 529 24.1 30 Nov 13, 2025 J-GAAP
YoY -1.2% -40.0% -41.9% -77.8% -77.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 350,461 8,679 8,974 6,581 295.5 125 May 13, 2024 J-GAAP
Mar, 2025 364,418 11,677 11,963 6,764 306.8 130 May 13, 2025 J-GAAP
Mar, 2026 Guidance 390,000 11,800 12,000 7,200 327.9 55 Nov 13, 2025 J-GAAP
YoY +7.0% +1.1% +0.3% +6.4% +6.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 86,189 3,245 3,186 1,998 90.2 3.8 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 114,633 3,254 3,414 1,128 51.1 2.8 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 81,238 1,900 1,889 1,250 56.7 2.3 May 13, 2025 J-GAAP
Apr - Jun, 2025 95,927 3,943 4,068 3,319 151.2 4.1 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 100,508 4,767 4,849 3,352 152.7 4.7 Nov 13, 2025 J-GAAP
YoY +16.6% +46.9% +52.2% +67.8% +69.2%

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