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f-code, 31% Increase in Net Income, Update Record High for Fourth Consecutive Term

Fri Feb 13, 2026 5:30 pm JST Earnings

9211 f-code Inc. 【IFRS】

Earnings Report

f-code Inc. <9211> [TSE Growth] announced its financial results (based on IFRS) after the market closed on February 13th (17:30). The consolidated net income for the fiscal year ended December 2025 increased by 73.2% from the previous period to 1.45 billion yen. For the fiscal year ending December 2026, the consolidated net income is expected to expand to 30.9% to 1.90 billion yen, marking the fourth consecutive term of record-high profits.

In the most recent three-month period, from October to December (4Q), the consolidated net income increased 42.5% from the same period last year, reaching 0.41 billion yen. However, the operating profit margin decreased from 18.7% in the same period last year to 15.1%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 2,482 644 604 479 46.5 0 Feb 14, 2024 IFRS
Dec, 2024 5,130 1,328 1,219 838 72.1 0 Feb 14, 2025 IFRS
Dec, 2025 11,937 2,344 2,115 1,451 118.6 0 Feb 13, 2026 IFRS
YoY +132.7% +76.5% +73.5% +73.2% +64.5%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Guidance 11,500 2,300 2,100 1,300 106.5 0 Nov 14, 2025 IFRS
Dec, 2025 Results 11,937 2,344 2,115 1,451 118.6 0 Feb 13, 2026 IFRS
Revision Rate +3.8% +1.9% +0.7% +11.6% +11.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 5,212 1,177 1,093 646 52.6 0 Aug 14, 2025 IFRS
Jan - Jun, 2026 Guidance ー ー ー ー － 0 Feb 13, 2026 IFRS
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 5,130 1,328 1,219 838 72.1 0 Feb 14, 2025 IFRS
Dec, 2025 11,937 2,344 2,115 1,451 118.6 0 Feb 13, 2026 IFRS
Dec, 2026 Guidance 14,500 3,300 3,000 1,900 155.6 0 Feb 13, 2026 IFRS
YoY +21.5% +40.8% +41.8% +30.9% +31.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 2,053 383 350 292 25.1 18.7 Feb 14, 2025 IFRS
Jan - Mar, 2025 2,416 572 540 324 26.4 23.7 May 15, 2025 IFRS
Apr - Jun, 2025 2,796 605 553 322 26.2 21.6 Aug 14, 2025 IFRS
Jul - Sep, 2025 3,190 634 587 389 31.8 19.9 Nov 14, 2025 IFRS
Oct - Dec, 2025 3,535 533 435 416 34.0 15.1 Feb 13, 2026 IFRS
YoY +72.2% +39.2% +24.3% +42.5% +35.3%

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