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Vertex, Net Income Forecast for the Fiscal Year Revised Upward to an Unexpected 2.2 times Increase, Highest in Seven Terms

Thu Feb 12, 2026 4:00 pm JST Earnings

5290 Vertex Corporation 【J-GAAP】

Earnings Report

Vertex Corporation <5290> [TSE Std] announced its financial results after the market closed on February 12th (16:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) surged 3.0 times that of the same period last year, reaching 9.00 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 2.4 times, from the previous forecast of 4.29 billion yen to 10.5 billion yen (compared to 4.82 billion yen in the previous period), reaches new record high for the first time in seven terms, turning to a 2.2 times increase in the consolidated net income outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) is expected to increase 3.2 times, from the previous forecast of 2.84 billion yen to 9.05 billion yen (compared to 3.37 billion yen in the same period of the previous year), turning to a 2.7 times increase in the consolidated net income outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 4.9 times that of the same period last year, reaching 7.56 billion yen. However, the operating profit margin decreased from 18.1% in the same period last year to 17.7%.

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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 26,466 3,996 4,105 2,556 49.2 70.2 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 28,374 4,322 4,457 3,005 59.2 69.1 Feb 13, 2025 J-GAAP
Apr - Dec, 2025 30,990 4,728 4,787 9,003 181.2 69.4 Feb 12, 2026 J-GAAP
YoY +9.2% +9.4% +7.4% +199.6% +206.0%

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 23,347 3,989 4,072 2,848 57.7 32.50 Nov 13, 2025 J-GAAP
Oct - Mar, 2025 New 28,347 4,439 4,472 9,058 183.6 32.50 Feb 12, 2026 J-GAAP
Revision Rate +21.4% +11.3% +9.8% +218.0% +218.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 41,000 6,350 6,500 4,290 87.0 32.50 Jul 28, 2025 J-GAAP
Mar, 2026 New 46,000 6,800 6,900 10,500 212.9 32.50 Feb 12, 2026 J-GAAP
Revision Rate +12.2% +7.1% +6.2% +144.8% +144.7%

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 20,912 3,835 3,910 3,375 66.7 30 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 28,347 4,439 4,472 9,058 183.6 32.50 Feb 12, 2026 J-GAAP
YoY +35.6% +15.7% +14.4% +168.4% +175.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 36,833 5,727 5,849 3,728 71.9 20 May 10, 2024 J-GAAP
Mar, 2025 38,918 6,285 6,449 4,826 95.3 30 May 14, 2025 J-GAAP
Mar, 2026 Guidance 46,000 6,800 6,900 10,500 212.9 32.50 Feb 12, 2026 J-GAAP
YoY +18.2% +8.2% +7.0% +117.6% +123.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 10,368 1,872 1,918 1,554 30.6 18.1 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 10,544 1,963 1,992 1,821 36.0 18.6 May 14, 2025 J-GAAP
Apr - Jun, 2025 8,700 1,075 1,154 658 13.2 12.4 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 8,953 1,286 1,274 784 15.7 14.4 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 13,337 2,367 2,359 7,561 152.2 17.7 Feb 12, 2026 J-GAAP
YoY +28.6% +26.4% +23.0% +386.6% +396.9%

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