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MERCURY Inc, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 61%, Sep-Nov Ordinary Profit Decreases by 86%
5025 MERCURY Inc. 【J-GAAP】
Earnings ReportMERCURY Inc. <5025> [TSE Growth] announced its financial results after the market closed on January 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2026 (March to November) significantly dropped 60.8% from the same period last year to 82 million yen. Progress toward the full-year plan of 120 million yen was 68.3%, also falling below the four-year average of 85.3%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the December to February period (4Q) is expected to turn into a profit of 38 million yen (compared to a loss of 43 million yen in the same period last year).
In the most recent three-month period, from September to November (3Q), the ordinary profit significantly dropped to 26 million yen, an 85.6% decrease compared to the same period last year. The operating profit margin sharply declined from 28.3% in the same period last year to 5.6%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar - Nov, 2023 | 1,082 | 27 | 30 | 19 | 7.3 | 50.8 | Jan 15, 2024 | J-GAAP |
| Mar - Nov, 2024 | 1,378 | 216 | 209 | 118 | 45.5 | 125.9 | Jan 14, 2025 | J-GAAP |
| Mar - Nov, 2025 | 1,200 | 71 | 82 | 53 | 20.8 | 68.3 | Jan 14, 2026 | J-GAAP |
| YoY | -12.9% | -67.1% | -60.8% | -55.1% | -54.2% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep - Feb, 2024 | 1,020 | 134 | 137 | 109 | 42.2 | 0 | Apr 14, 2025 | J-GAAP |
| Sep - Feb, 2025 Guidance | 809 | 62 | 64 | 49 | 18.9 | 0 | Oct 15, 2025 | J-GAAP |
| YoY | -20.7% | -53.7% | -53.3% | -55.0% | -55.2% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2024 | 1,437 | 56 | 59 | 48 | 18.3 | 0 | Apr 15, 2024 | J-GAAP |
| Feb, 2025 | 1,763 | 170 | 166 | 126 | 48.8 | 0 | Apr 14, 2025 | J-GAAP |
| Feb, 2026 Guidance | 1,600 | 110 | 120 | 85 | 32.8 | 0 | Apr 14, 2025 | J-GAAP |
| YoY | -9.2% | -35.3% | -27.7% | -32.5% | -32.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep - Nov, 2024 | 635 | 180 | 180 | 101 | 39.0 | 28.3 | Jan 14, 2025 | J-GAAP |
| Dec - Feb, 2024 | 385 | -46 | -43 | 8 | 3.1 | -11.9 | Apr 14, 2025 | J-GAAP |
| Mar - May, 2025 | 396 | 23 | 25 | 16 | 6.6 | 5.8 | Jul 15, 2025 | J-GAAP |
| Jun - Aug, 2025 | 395 | 25 | 31 | 20 | 7.9 | 6.3 | Oct 15, 2025 | J-GAAP |
| Sep - Nov, 2025 | 409 | 23 | 26 | 17 | 6.7 | 5.6 | Jan 14, 2026 | J-GAAP |
| YoY | -35.6% | -87.2% | -85.6% | -83.2% | -82.9% |
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