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SYSTEM RESEARCH, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 15%, Current Fiscal Year Dividend Revised Upward by 10 Yen

Fri Jan 30, 2026 3:45 pm JST Earnings

3771 SYSTEM RESEARCH CO.,LTD. 【J-GAAP】

Earnings Report

SYSTEM RESEARCH CO.,LTD. <3771> [TSE Prime] announced its financial results after the market closed on January 30th (15:45). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 14.9% from the same period last year, reaching 2.43 billion yen. Progress toward the full-year plan of 3.50 billion yen was 69.5%, exceeding the five-year average of 67.5%.

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 January to March period (4Q) is expected to grow 13.0% from the same period last year, reaching 1.06 billion yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 60 yen to 70 yen (compared to 60 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 0.90 billion yen, an increase of 2.5% compared to the same period last year. However, the operating profit margin decreased from 12.7% in the same period last year to 12.2%.

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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
Apr - Dec, 2023 17,240 1,965 1,993 1,474 88.2 72.0 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 19,213 2,059 2,121 1,554 93.7 69.2 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 21,420 2,403 2,436 1,785 107.7 69.5 Jan 30, 2026 J-GAAP
YoY +11.5% +16.7% +14.9% +14.9% +15.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 15,120 1,926 1,973 1,414 85.3 60 Oct 28, 2025 J-GAAP
Oct - Mar, 2025 New 15,120 1,926 1,973 1,414 85.3 70 Jan 30, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 29,314 3,445 3,504 2,535 152.9 60 May 8, 2025 J-GAAP
Mar, 2026 New 29,314 3,445 3,504 2,535 152.9 70 Jan 30, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 13,296 1,776 1,828 1,294 78.0 60 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 15,120 1,926 1,973 1,414 85.3 70 Jan 30, 2026 J-GAAP
YoY +13.7% +8.4% +7.9% +9.3% +9.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 23,320 2,703 2,768 1,969 117.8 40 May 8, 2024 J-GAAP
Mar, 2025 25,931 2,997 3,066 2,194 132.3 60 May 8, 2025 J-GAAP
Mar, 2026 Guidance 29,314 3,445 3,504 2,535 152.9 70 Jan 30, 2026 J-GAAP
YoY +13.0% +14.9% +14.3% +15.5% +15.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 6,578 838 883 654 39.4 12.7 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 6,718 938 945 640 38.6 14.0 May 8, 2025 J-GAAP
Apr - Jun, 2025 6,940 601 611 441 26.7 8.7 Jul 28, 2025 J-GAAP
Jul - Sep, 2025 7,254 918 920 680 41.1 12.7 Oct 28, 2025 J-GAAP
Oct - Dec, 2025 7,226 884 905 664 40.1 12.2 Jan 30, 2026 J-GAAP
YoY +9.9% +5.5% +2.5% +1.5% +1.7%

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