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IBOKIN, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 31% Decrease

Fri Nov 14, 2025 3:00 pm JST Earnings

5699 IBOKIN Co.,Ltd. 【J-GAAP】

Earnings Report

IBOKIN Co.,Ltd. <5699> [TSE Std] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) decreased 24.2% from the same period last year to 471 million yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 31.2%, from the previous forecast of 826 million yen to 568 million yen (compared to 823 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 31.0% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has decreased 40.9%, from the previous forecast of 631 million yen to 373 million yen (compared to 378 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 1.3% decrease in profit.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased 56.8% from the same period last year, reaching 276 million yen. The operating profit margin improved from 7.7% in the same period last year to 10.1%.

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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 6,132 380 391 256 77.2 64.6 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 7,225 603 621 406 122.8 75.5 Nov 14, 2024 J-GAAP
Jan - Sep, 2025 7,296 454 471 429 130.6 82.9 Nov 14, 2025 J-GAAP
YoY +1.0% -24.7% -24.2% +5.7% +6.4%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 5,878 616 631 378 115.0 32 Aug 8, 2025 J-GAAP
Jul - Dec, 2025 New 5,328 364 373 307 93.4 32 Nov 14, 2025 J-GAAP
Revision Rate -9.4% -40.9% -40.9% -18.8% -18.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 10,500 800 826 557 169.5 32 Feb 14, 2025 J-GAAP
Dec, 2025 New 9,950 548 568 486 147.9 32 Nov 14, 2025 J-GAAP
Revision Rate -5.2% -31.5% -31.2% -12.7% -12.7%

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 4,670 368 378 229 69.4 32 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 5,328 364 373 307 93.4 32 Nov 14, 2025 J-GAAP
YoY +14.1% -1.1% -1.3% +34.1% +34.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 8,660 584 605 396 119.5 27.50 Feb 14, 2024 J-GAAP
Dec, 2024 9,656 798 823 520 157.5 32 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 9,950 548 568 486 147.9 32 Nov 14, 2025 J-GAAP
YoY +3.0% -31.3% -31.0% -6.5% -6.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,239 173 176 115 34.8 7.7 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 2,431 195 202 114 34.5 8.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,467 291 295 259 78.8 11.8 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,155 -107 -100 -80 -24.4 -5.0 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 2,674 270 276 250 76.1 10.1 Nov 14, 2025 J-GAAP
YoY +19.4% +56.1% +56.8% +117.4% +118.8%

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