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eREX, Net Income Forecast for the Fiscal Year Revised Upward by 17%

Thu Feb 26, 2026 1:00 pm JST Revision

9517 eREX Co.,Ltd. 【IFRS】

Guidance Update Report

eREX Co.,Ltd. <9517> [TSE Prime] announced a performance revision in the afternoon session on February 26th (13:00). The consolidated net income forecast for the fiscal year ending March 2026 has been revised upward 17.1%, from the previous forecast of 3.41 billion yen to 4.00 billion yen (compared to 2.11 billion yen in the previous period), increasing the growth rate from 61.2% to 88.9%. However, the full-year forecast for consolidated operating profit has decreased 17.5%, from the previous forecast of 8.60 billion yen to 7.10 billion yen (compared to 7.13 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 0.5% decrease in profit.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated net income is expected to increase 32.0%, from the previous forecast of 1.82 billion yen to 2.41 billion yen (compared to 0.43 billion yen in the same period of the previous year), increasing the growth rate from 4.2 times to 5.6 times.

Kabutan News

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 89,637 4,980 4,298 1,828 23.4 11 Nov 11, 2025 IFRS
Oct - Mar, 2025 New 89,637 3,479 4,298 2,413 30.9 11 Feb 26, 2026 IFRS
Revision Rate 0.0% -30.1% 0.0% +32.0% +32.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 176,181 8,601 7,510 3,415 43.8 11 May 12, 2025 IFRS
Mar, 2026 New 176,181 7,100 7,510 4,000 51.3 11 Feb 26, 2026 IFRS
Revision Rate 0.0% -17.5% 0.0% +17.1% +17.2%

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 3,479 4,298 2,413 30.9 11 Feb 26, 2026 IFRS
YoY +1.9% +74.6% +117.2% +459.9% +430.5%

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 7,100 7,510 4,000 51.3 11 Feb 26, 2026 IFRS
YoY +2.9% -0.5% +18.6% +88.9% +79.0%

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