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Makuake, Ordinary Profit Forecast for the Fiscal Year Revised Upward to 670-800 Million Yen

Tue Apr 28, 2026 3:30 pm JST Earnings

4479 Makuake,Inc. 【J-GAAP】

Earnings Report

Makuake,Inc. <4479> [TSE Growth] announced its financial results after the market closed on April 28th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) surged 2.2 times that of the same period last year, reaching 568 million yen.

In addition, the full-year forecast for ordinary profit has been revised upward from the previous estimate of 403 million yen to a new range of 670 million to 800 million yen.

In the most recent three-month period, from January to March (2Q), the ordinary profit increased 44.4% from the same period last year, reaching 234 million yen. The operating profit margin rose from 15.0% in the same period last year to 17.3%.

Note: If the earnings forecast is disclosed as a range, the article is based on the midpoint of that range.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Mar, 2023 1,860 -98 -96 -76 -6.1 ー Apr 23, 2024 J-GAAP
Oct - Mar, 2024 2,050 261 262 247 19.4 55.2 Apr 22, 2025 J-GAAP
Oct - Mar, 2025 2,812 568 568 483 38.0 77.3 Apr 28, 2026 J-GAAP
YoY +37.2% +117.6% +116.8% +95.5% +95.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Guidance ー ー ー ー － 0 Oct 28, 2025 J-GAAP
Oct - Mar, 2025 Results 2,812 568 568 483 38.0 0 Apr 28, 2026 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2026 Prev 4,763 400 403 355 27.9 0 Oct 28, 2025 J-GAAP
Sep, 2026 New 5,400 735 735 645 50.6 0 Apr 28, 2026 J-GAAP
Revision Rate +13.4% +83.8% +82.4% +81.7% +81.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 2,527 186 213 160 12.6 0 Oct 28, 2025 J-GAAP
Apr - Sep, 2026 Guidance 2,588 167 167 162 12.7 0 Apr 28, 2026 J-GAAP
YoY +2.4% -10.2% -21.6% +1.3% +1.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 3,652 -62 -60 -103 -8.2 0 Oct 29, 2024 J-GAAP
Sep, 2025 4,577 447 475 407 32.0 0 Oct 28, 2025 J-GAAP
Sep, 2026 Guidance 5,400 735 735 645 50.6 0 Apr 28, 2026 J-GAAP
YoY +18.0% +64.4% +54.7% +58.5% +58.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 1,070 161 162 143 11.3 15.0 Apr 22, 2025 J-GAAP
Apr - Jun, 2025 1,299 159 161 138 10.8 12.2 Jul 29, 2025 J-GAAP
Jul - Sep, 2025 1,228 27 52 22 1.7 2.2 Oct 28, 2025 J-GAAP
Oct - Dec, 2025 1,463 334 334 290 22.8 22.8 Jan 27, 2026 J-GAAP
Jan - Mar, 2026 1,349 234 234 193 15.2 17.3 Apr 28, 2026 J-GAAP
YoY +26.1% +45.3% +44.4% +35.0% +34.8%

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