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i-plug, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 15%, Oct-Dec Ordinary Profit Decreases by 4%

Fri Feb 13, 2026 3:15 pm JST Earnings

4177 i-plug,Inc. 【J-GAAP】

Earnings Report

i-plug,Inc. <4177> [TSE Growth] announced its financial results in the afternoon session on February 13th (15:15). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 15.0% from the same period last year to 397 million yen. Progress toward the full-year plan of 698 million yen was 56.9%, also falling below the five-year average of 63.5%.

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 surge 2.7 times that of the same period last year, reaching 301 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 494 million yen, a 4.1% decrease compared to the same period last year. The operating profit margin decreased from 33.5% in the same period last year to 29.3%.

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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 3,188 -211 -212 -224 -57.0 ー Feb 14, 2024 J-GAAP
Apr - Dec, 2024 3,607 467 467 411 104.0 80.7 Feb 14, 2025 J-GAAP
Apr - Dec, 2025 4,075 393 397 250 62.9 56.9 Feb 13, 2026 J-GAAP
YoY +13.0% -15.8% -15.0% -39.2% -39.5%

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 3,015 626 627 658 166.5 0 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 3,709 800 795 486 122.0 54 Nov 14, 2025 J-GAAP
YoY +23.0% +27.8% +26.8% -26.1% -26.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 4,602 139 137 -193 -49.2 0 May 14, 2024 J-GAAP
Mar, 2025 5,084 578 579 597 151.1 0 May 15, 2025 J-GAAP
Mar, 2026 Guidance 6,100 700 698 418 104.9 54 Nov 14, 2025 J-GAAP
YoY +20.0% +21.1% +20.6% -30.0% -30.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,538 515 515 472 119.5 33.5 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 1,477 111 112 186 47.1 7.5 May 15, 2025 J-GAAP
Apr - Jun, 2025 1,011 -283 -283 -180 -45.7 -28.0 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 1,380 183 186 112 28.6 13.3 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 1,684 493 494 318 80.0 29.3 Feb 13, 2026 J-GAAP
YoY +9.5% -4.3% -4.1% -32.6% -33.0%

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