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kubell, Net Income Forecast for the Fiscal Year Revised Upward to a 0.07 Billion Yen

Fri Nov 14, 2025 3:30 pm JST Earnings

4448 kubell Co., Ltd. 【J-GAAP】

Earnings Report

kubell Co., Ltd. <4448> [TSE Growth] announced its financial results after the market closed on November 14th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2025 (January to September) significantly dropped 66.4% from the same period last year to 0.04 billion yen.

In addition, the full-year forecast for consolidated net income/loss has been revised upward from the previous range of loss of 0.23 billion to profit of 0.04 billion yen to a new 0.07 billion yen.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income/loss for the October to December period (4Q) is expected to turn into a profit of 0.03 billion yen (compared to a loss of 1.30 billion yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net income dropped to 0.05 billion yen, a 46.4% decrease compared to the same period last year. The operating profit margin worsened from 7.2% in the same period last year to 5.3%.

Note: If the earnings forecast is disclosed as a range, the article is based on the midpoint of that range.

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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 4,613 -670 -674 -674 -17.0 ー Nov 10, 2023 J-GAAP
Jan - Sep, 2024 6,184 184 169 134 3.3 225.3 Nov 8, 2024 J-GAAP
Jan - Sep, 2025 6,948 274 251 45 1.1 62.1 Nov 14, 2025 J-GAAP
YoY +12.4% +48.9% +48.5% -66.4% -67.3%

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 5,166 121 116 -84 -2.0 0 Aug 8, 2025 J-GAAP
Jul - Dec, 2025 New 4,953 285 272 89 2.1 0 Nov 14, 2025 J-GAAP
Revision Rate -4.1% +135.5% +134.5% － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 9,698 267 248 -98 -2.3 0 Aug 8, 2025 J-GAAP
Dec, 2025 New 9,485 431 404 75 1.8 0 Nov 14, 2025 J-GAAP
Revision Rate -2.2% +61.4% +62.9% － －

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 4,476 69 59 -1,196 -29.2 0 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 4,953 285 272 89 2.1 0 Nov 14, 2025 J-GAAP
YoY +10.7% +313.0% +361.0% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 6,485 -677 -686 -620 -15.5 0 Feb 9, 2024 J-GAAP
Dec, 2024 8,470 96 75 -1,172 -28.6 0 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 9,485 431 404 75 1.8 0 Nov 14, 2025 J-GAAP
YoY +12.0% +349.0% +438.7% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,190 157 153 110 2.7 7.2 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 2,286 -88 -94 -1,306 -31.9 -3.8 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,234 76 70 -29 -0.7 3.4 May 9, 2025 J-GAAP
Apr - Jun, 2025 2,298 70 62 15 0.4 3.0 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 2,416 128 119 59 1.4 5.3 Nov 14, 2025 J-GAAP
YoY +10.3% -18.5% -22.2% -46.4% -47.6%

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