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APPLE INTERNATIONAL, Jan-Sep (Cumulative 3Q) Ordinary Profit Decreases by 62%, Jul-Sep Ordinary Profit Decreases by 26%

Fri Nov 14, 2025 3:30 pm JST Earnings

2788 APPLE INTERNATIONAL CO.,LTD. 【J-GAAP】

Earnings Report

APPLE INTERNATIONAL CO.,LTD. <2788> [TSE Std] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) significantly dropped 61.6% from the same period last year to 516 million yen. Progress toward the full-year plan of 698 million yen was 73.9%, also falling below the five-year average of 83.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease 5.2% from the same period last year to 182 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 312 million yen, a 26.1% decrease compared to the same period last year. The operating profit margin worsened from 3.9% in the same period last year to 2.3%.

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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 23,541 1,098 1,307 1,020 79.0 102.8 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 33,526 1,228 1,343 1,019 79.4 87.5 Nov 8, 2024 J-GAAP
Jan - Sep, 2025 29,527 526 516 341 26.6 73.9 Nov 14, 2025 J-GAAP
YoY -11.9% -57.2% -61.6% -66.5% -66.5%

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 20,648 552 614 522 40.7 15 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 19,576 390 494 409 31.9 10 Nov 13, 2025 J-GAAP
YoY -5.2% -29.3% -19.5% -21.6% -21.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 30,911 1,098 1,271 1,007 78.2 15 Feb 16, 2024 J-GAAP
Dec, 2024 43,795 1,374 1,535 1,198 93.3 15 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 38,259 666 698 514 40.0 10 Nov 13, 2025 J-GAAP
YoY -12.6% -51.5% -54.5% -57.1% -57.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 10,379 406 422 343 26.7 3.9 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 10,269 146 192 179 13.9 1.4 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 9,857 122 139 80 6.3 1.2 May 9, 2025 J-GAAP
Apr - Jun, 2025 8,826 154 65 25 2.0 1.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 10,844 250 312 236 18.4 2.3 Nov 14, 2025 J-GAAP
YoY +4.5% -38.4% -26.1% -31.2% -31.2%

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