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PBsystems, First Half Ordinary Profit Increases by 20%

Thu May 14, 2026 3:30 pm JST Earnings

4447 PBsystems,Inc. 【J-GAAP】

Earnings Report

PBsystems,Inc. <4447> [TSE Growth] announced its financial results after the market closed on May 14th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) increased 20.0% from the same period last year, reaching 60 million yen. However, Progress toward the full-year plan of 251 million yen was 23.9%, also falling below the five-year average (Excluding loss-making periods） of 41.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the April to September period (second half) is expected to surge 2.5 times that of the same period last year, reaching 191 million yen.

In the most recent three-month period, from January to March (2Q), the ordinary profit surged 18 times that of the same period last year, reaching 55 million yen. The operating profit margin drastically improved from 0.6% in the same period last year to 8.6%.

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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 1,152 120 121 81 12.8 33.4 May 14, 2024 J-GAAP
Oct - Mar, 2024 1,170 50 50 31 5.1 39.4 May 15, 2025 J-GAAP
Oct - Mar, 2025 1,107 53 60 40 7.0 23.9 May 14, 2026 J-GAAP
YoY -5.4% +6.0% +20.0% +29.0% +36.0%

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 － 10 Nov 13, 2025 J-GAAP
Oct - Mar, 2025 Results 1,107 53 60 40 7.0 10 May 14, 2026 J-GAAP
Revision Rate － － － － －

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 1,464 74 77 54 9.0 20 Nov 13, 2025 J-GAAP
Apr - Sep, 2026 Guidance 1,893 192 191 125 21.5 10 May 14, 2026 J-GAAP
YoY +29.3% +159.5% +148.1% +131.5% +139.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 3,107 362 362 255 40.1 10 Nov 14, 2024 J-GAAP
Sep, 2025 2,634 124 127 85 14.1 20 Nov 13, 2025 J-GAAP
Sep, 2026 Guidance 3,000 245 251 165 28.3 20 Nov 13, 2025 J-GAAP
YoY +13.9% +97.6% +97.6% +94.1% +100.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 466 3 3 1 0.2 0.6 May 15, 2025 J-GAAP
Apr - Jun, 2025 568 -42 -42 -29 -5.2 -7.4 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 896 116 119 83 13.8 12.9 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 524 3 5 2 0.4 0.6 Feb 12, 2026 J-GAAP
Jan - Mar, 2026 583 50 55 38 6.6 8.6 May 14, 2026 J-GAAP
YoY +25.1% +1,566.7% +1,733.3% +3,700.0% +4,025.0%

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