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BrightPath Biotherapeutics, First Half Net Income Loss Narrows, Jul-Sep Net Income Loss Widens

Fri Nov 14, 2025 3:32 pm JST Earnings

4594 BrightPath Biotherapeutics Co., Ltd. 【J-GAAP】

Earnings Report

BrightPath Biotherapeutics Co., Ltd. <4594> [TSE Growth] announced its financial results after the market closed on November 14th (15:32). The net loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was a reduced loss of 462 million yen (compared to a loss of 538 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 net loss for the October to March period (second half) is expected to expand to a loss of 704 million yen (compared to a loss of 613 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the net loss expanded to loss of 221 million yen (compared to a loss of 208 million yen in the same period last year).

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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 0 -550 -551 -553 -8.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 0 -542 -537 -538 -7.1 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 0 -464 -460 -462 -4.5 Nov 14, 2025 J-GAAP
YoY +14.4% +14.3% +14.1% +36.3%

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 0 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 0 -464 -460 -462 -4.5 0 Nov 14, 2025 J-GAAP
Revision Rate

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 1 -618 -610 -613 -7.5 0 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 0 -718 -704 -704 -6.3 0 Nov 14, 2025 J-GAAP
YoY -16.2% -15.4% -14.8% +16.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 0 -1,155 -1,158 -1,168 -18.2 0 May 10, 2024 J-GAAP
Mar, 2025 1 -1,160 -1,147 -1,151 -14.1 0 May 9, 2025 J-GAAP
Mar, 2026 Guidance 0 -1,182 -1,164 -1,166 -10.5 0 May 9, 2025 J-GAAP
YoY -1.9% -1.5% -1.3% +25.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 0 -216 -208 -208 -2.8 -Inf Nov 8, 2024 J-GAAP
Oct - Dec, 2024 0 -273 -275 -277 -3.5 -Inf Feb 14, 2025 J-GAAP
Jan - Mar, 2025 1 -345 -335 -336 -4.1 -34,500.0 May 9, 2025 J-GAAP
Apr - Jun, 2025 0 -245 -240 -241 -2.6 -Inf Aug 8, 2025 J-GAAP
Jul - Sep, 2025 0 -219 -220 -221 -2.2 -Inf Nov 14, 2025 J-GAAP
YoY -1.4% -5.8% -6.3% +21.1%

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