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RIZAP GROUP, Jul-Sep (2Q) Net Income Turns to Profit, The Undecided Dividend Set at 0.67 Yen, Resuming Dividends for the First Time in Eight Terms

Thu Nov 13, 2025 4:00 pm JST Earnings

2928 RIZAP GROUP, Inc. 【IFRS】

Earnings Report

RIZAP GROUP, Inc. <2928> [SSE Ambs] announced its financial results (based on IFRS) after the market closed on November 13th (16:00). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was a reduced loss of 4.22 billion yen (compared to a loss of 4.28 billion yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand 36.9% from the same period last year, reaching 6.22 billion yen.

At the same time, the company has decided to implement a year-end lump-sum dividend of 0.67 yen for the current fiscal year, which was previously undecided, reinstating dividends for the first time in eight terms.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a profit of 1.72 billion yen (compared to a loss of 1.42 billion yen in the same period last year). The operating profit margin significantly improved from 1.4% in the same period last year to 6.3%.

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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 78,188 -6,023 -7,423 -7,596 -13.7 ー Nov 14, 2023 IFRS
Apr - Sep, 2024 83,594 -2,272 -4,263 -4,282 -7.4 ー Nov 14, 2024 IFRS
Apr - Sep, 2025 80,670 2,985 1,307 -4,223 -7.1 15.3 Nov 13, 2025 IFRS
YoY -3.5% － － +1.4% +3.7%

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 15, 2025 IFRS
Apr - Sep, 2025 Results 80,670 2,985 1,307 -4,223 -7.1 0 Nov 13, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 172,000 11,000 8,550 2,000 3.4 － May 15, 2025 IFRS
Mar, 2026 New 172,000 11,000 8,550 2,000 3.4 0.67 Nov 13, 2025 IFRS
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 87,496 4,154 2,768 4,546 7.8 0 May 15, 2025 IFRS
Oct - Mar, 2025 Guidance 91,330 8,015 7,243 6,223 10.4 0.67 Nov 13, 2025 IFRS
YoY +4.4% +92.9% +161.7% +36.9% +34.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 162,604 -648 -4,551 -4,300 -7.7 0 May 15, 2024 IFRS
Mar, 2025 171,090 1,882 -1,495 264 0.5 0 May 15, 2025 IFRS
Mar, 2026 Guidance 172,000 11,000 8,550 2,000 3.4 0.67 Nov 13, 2025 IFRS
YoY +0.5% +484.5% － +657.6% +644.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 43,136 612 -572 -1,429 -2.5 1.4 Nov 14, 2024 IFRS
Oct - Dec, 2024 47,137 2,454 1,798 1,387 2.4 5.2 Feb 14, 2025 IFRS
Jan - Mar, 2025 40,359 1,700 970 3,159 5.4 4.2 May 15, 2025 IFRS
Apr - Jun, 2025 39,915 408 -166 -5,945 -10.0 1.0 Aug 14, 2025 IFRS
Jul - Sep, 2025 40,755 2,577 1,473 1,722 2.9 6.3 Nov 13, 2025 IFRS
YoY -5.5% +321.1% － － －

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