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i-plug, First Half Ordinary Profit Loss Widens, Current Fiscal Year Dividend Revised to 54 Yen

Fri Nov 14, 2025 3:15 pm JST Earnings

4177 i-plug,Inc. 【J-GAAP】

Earnings Report

i-plug,Inc. <4177> [TSE Growth] announced its financial results in the afternoon session on November 14th (15:15). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded to a loss of 97 million yen (compared to a loss of 48 million 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 ordinary profit for the October to March period (second half) is expected to grow 26.8% from the same period last year, reaching 795 million yen.

At the same time, the company, which had previously planned no dividend for the current fiscal year, has decided to implement a year-end lump-sum dividend of 54 yen (compared to no dividend in the prior term).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 186 million yen, a 27.3% decrease compared to the same period last year. The operating profit margin significantly dropped from 20.1% in the same period last year to 13.3%.

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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 1,778 -536 -537 -434 -110.3 ー Nov 14, 2023 J-GAAP
Apr - Sep, 2024 2,069 -48 -48 -61 -15.6 ー Nov 13, 2024 J-GAAP
Apr - Sep, 2025 2,391 -100 -97 -68 -17.4 ー Nov 14, 2025 J-GAAP
YoY +15.6% -108.3% -102.1% -11.5% -11.0%

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 J-GAAP
Apr - Sep, 2025 Results 2,391 -100 -97 -68 -17.4 0 Nov 14, 2025 J-GAAP
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 6,100 700 698 418 104.9 0 May 15, 2025 J-GAAP
Mar, 2026 New 6,100 700 698 418 104.9 54 Nov 14, 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 3,015 626 627 658 166.5 0 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 3,709 800 795 486 122.0 54 Nov 14, 2025 J-GAAP
YoY +23.0% +27.8% +26.8% -26.1% -26.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 4,602 139 137 -193 -49.2 0 May 14, 2024 J-GAAP
Mar, 2025 5,084 578 579 597 151.1 0 May 15, 2025 J-GAAP
Mar, 2026 Guidance 6,100 700 698 418 104.9 54 Nov 14, 2025 J-GAAP
YoY +20.0% +21.1% +20.6% -30.0% -30.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,281 257 256 168 43.1 20.1 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 1,538 515 515 472 119.5 33.5 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 1,477 111 112 186 47.1 7.5 May 15, 2025 J-GAAP
Apr - Jun, 2025 1,011 -283 -283 -180 -45.7 -28.0 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 1,380 183 186 112 28.6 13.3 Nov 14, 2025 J-GAAP
YoY +7.7% -28.8% -27.3% -33.3% -33.6%

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