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Verite, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 8%
9904 Verite Co.,Ltd. 【J-GAAP】
Earnings ReportVerite Co.,Ltd. <9904> [TSE Std] announced its financial results in the afternoon session on February 13th (13:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 8.3% from the same period last year to 510 million yen. Progress toward the full-year plan of 877 million yen was 58.2%, also falling below the five-year average of 73.5%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to grow 1.1% from the same period last year, reaching 367 million yen.
In the most recent three-month period, from October to December (3Q), the ordinary profit amounted to 316 million yen, a 1.3% decrease compared to the same period last year. The operating profit margin decreased from 15.2% in the same period last year to 12.7%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 5,587 | 616 | 601 | 376 | 13.9 | 72.0 | Feb 14, 2024 | J-GAAP |
| Apr - Dec, 2024 | 5,752 | 573 | 556 | 338 | 12.5 | 60.5 | Feb 13, 2025 | J-GAAP |
| Apr - Dec, 2025 | 6,503 | 541 | 510 | 229 | 8.5 | 58.2 | Feb 13, 2026 | J-GAAP |
| YoY | +13.1% | -5.6% | -8.3% | -32.2% | -32.1% |
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 | 4,345 | 629 | 683 | 437 | 16.1 | 9.25 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 4,516 | 702 | 683 | 491 | 18.1 | 10.49 | Nov 11, 2025 | J-GAAP |
| YoY | +3.9% | +11.6% | 0.0% | +12.4% | +12.2% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 7,639 | 855 | 835 | 502 | 18.5 | 20.10 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 7,947 | 875 | 919 | 569 | 21.0 | 18.50 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 8,437 | 915 | 877 | 527 | 19.4 | 20.98 | May 14, 2025 | J-GAAP |
| YoY | +6.2% | +4.6% | -4.6% | -7.4% | -7.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 2,150 | 327 | 320 | 206 | 7.6 | 15.2 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 2,195 | 302 | 363 | 231 | 8.5 | 13.8 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 1,699 | -45 | -54 | -66 | -2.5 | -2.6 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 2,222 | 258 | 248 | 102 | 3.9 | 11.6 | Nov 13, 2025 | J-GAAP |
| Oct - Dec, 2025 | 2,582 | 328 | 316 | 193 | 7.1 | 12.7 | Feb 13, 2026 | J-GAAP |
| YoY | +20.1% | +0.3% | -1.3% | -6.3% | -6.1% |
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