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eREX, Apr-Dec (Cumulative 3Q) Net Income Decreases by 15%, Exceeds Full-Year Plan

Tue Feb 10, 2026 3:30 pm JST Earnings

9517 eREX Co.,Ltd. 【IFRS】

Earnings Report

eREX Co.,Ltd. <9517> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 10th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 15.4% from the same period last year to 3.73 billion yen. Progress toward the full-year plan of 3.41 billion yen is 109.4%, but it was lower than the same period of the previous year of 208.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net loss for the January to March period (4Q) is expected to further decrease loss of 0.32 billion yen (compared to a loss of 2.29 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 2.14 billion yen, a 21.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.6% in the same period last year to 2.5%.

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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 184,305 -14,205 -13,175 -15,204 -256.4 ー Feb 9, 2024 IFRS
Apr - Dec, 2024 126,583 8,008 8,322 4,416 60.8 131.5 Feb 12, 2025 IFRS
Apr - Dec, 2025 127,979 4,655 5,567 3,736 47.9 74.1 Feb 10, 2026 IFRS
YoY +1.1% -41.9% -33.1% -15.4% -21.2%

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 88,003 1,993 1,979 431 5.8 11 May 12, 2025 IFRS
Oct - Mar, 2025 Guidance 89,637 4,980 4,298 1,828 23.4 11 Nov 11, 2025 IFRS
YoY +1.9% +149.9% +117.2% +324.1% +301.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 244,977 -21,949 -19,949 -21,347 -359.9 0 May 10, 2024 IFRS
Mar, 2025 171,217 7,137 6,330 2,118 28.7 11 May 12, 2025 IFRS
Mar, 2026 Guidance 176,181 8,601 7,510 3,415 43.8 11 May 12, 2025 IFRS
YoY +2.9% +20.5% +18.6% +61.2% +52.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 43,369 2,864 3,971 2,729 37.6 6.6 Feb 12, 2025 IFRS
Jan - Mar, 2025 44,634 -871 -1,992 -2,298 -31.1 -2.0 May 12, 2025 IFRS
Apr - Jun, 2025 37,047 1,453 535 -135 -1.7 3.9 Aug 8, 2025 IFRS
Jul - Sep, 2025 49,497 2,168 2,677 1,722 22.1 4.4 Nov 11, 2025 IFRS
Oct - Dec, 2025 41,435 1,034 2,355 2,149 27.6 2.5 Feb 10, 2026 IFRS
YoY -4.5% -63.9% -40.7% -21.3% -26.7%

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