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BPLATS, Net Income Forecast for the Fiscal Year Revised Downward to a Loss, 54% Deficit Against Net Assets

Fri Nov 14, 2025 3:30 pm JST Earnings

4381 BPLATS,Inc. 【J-GAAP】

Earnings Report

BPLATS,Inc. <4381> [TSE Growth] announced its financial results after the market closed on November 14th (15:30). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was a reduced loss of 86 million yen (compared to a loss of 223 million yen in the same period last year).

However, the full-year forecast for consolidated net income/loss has been revised downward from an expected profit of 13 million yen to a loss of 152 million yen (compared to a loss of 298 million yen in the previous period), turning to a loss outlook The deficit amounted to a 53.5% impairment of net assets at the end of the previous fiscal year..

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net loss for the October to March period (second half) is expected to further decrease loss of 66 million yen (compared to a loss of 75 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net loss improved to a deficit of 43 million yen (compared to a loss of 128 million yen in the same period last year). The operating profit/loss margin drastically improved from -22.6% in the same period last year to -17.3%.

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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 474 24 25 26 11.2 ー Nov 14, 2023 J-GAAP
Apr - Sep, 2024 367 -133 -134 -223 -91.7 ー Nov 14, 2024 J-GAAP
Apr - Sep, 2025 336 -66 -76 -86 -35.0 ー Nov 14, 2025 J-GAAP
YoY -8.4% +50.4% +43.3% +61.4% +61.8%

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 13, 2025 J-GAAP
Apr - Sep, 2025 Results 336 -66 -76 -86 -35.0 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 864 33 15 13 5.3 0 May 13, 2025 J-GAAP
Mar, 2026 New 698 -125 -140 -152 -61.3 0 Nov 14, 2025 J-GAAP
Revision Rate -19.2% － － － －

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 339 -74 -83 -75 -30.6 0 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 362 -59 -64 -66 -26.6 0 Nov 14, 2025 J-GAAP
YoY +6.8% +20.3% +22.9% +12.0% +12.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 897 -76 -78 -98 -40.6 0 May 14, 2024 J-GAAP
Mar, 2025 706 -207 -217 -298 -121.4 0 May 13, 2025 J-GAAP
Mar, 2026 Guidance 698 -125 -140 -152 -61.3 0 Nov 14, 2025 J-GAAP
YoY -1.1% +39.6% +35.5% +49.0% +49.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 186 -42 -43 -128 -52.6 -22.6 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 159 -45 -47 -50 -20.4 -28.3 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 180 -29 -36 -25 -10.2 -16.1 May 13, 2025 J-GAAP
Apr - Jun, 2025 168 -37 -44 -43 -17.5 -22.0 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 168 -29 -32 -43 -17.5 -17.3 Nov 14, 2025 J-GAAP
YoY -9.7% +31.0% +25.6% +66.4% +66.7%

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