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Internetworking and Broadband Consulting, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 2%, Raises Record High Profit Forecast

Thu May 14, 2026 3:30 pm JST Earnings

3920 Internetworking and Broadband Consulting Co.,Ltd. 【J-GAAP】

Earnings Report

Internetworking and Broadband Consulting Co.,Ltd. <3920> [TSE Std] 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) decreased 11.1% from the same period last year to 233 million yen.

However, the full-year forecast for ordinary profit has been revised upward 2.0%, from the previous forecast of 608 million yen to 620 million yen (compared to 574 million yen in the previous period), increasing the growth rate from 5.9% to 8.0%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the April to September period (second half) is expected to grow 24.0% from the same period last year, reaching 387 million yen.

In the most recent three-month period, from January to March (2Q), the ordinary profit grew 7.6% from the same period last year, reaching 269 million yen. The operating profit margin rose from 36.5% in the same period last year to 37.2%.

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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 974 134 144 11 2.1 35.0 May 13, 2024 J-GAAP
Oct - Mar, 2024 1,073 252 262 184 33.4 45.6 May 13, 2025 J-GAAP
Oct - Mar, 2025 1,092 229 233 160 28.8 37.6 May 14, 2026 J-GAAP
YoY +1.8% -9.1% -11.1% -13.0% -13.7%

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 1,100 210 209 145 26.1 11 Nov 13, 2025 J-GAAP
Oct - Mar, 2025 Results 1,092 229 233 160 28.8 11 May 14, 2026 J-GAAP
Revision Rate -0.7% +9.0% +11.5% +10.3% +10.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2026 Prev 2,700 610 608 418 75.2 22 Nov 13, 2025 J-GAAP
Sep, 2026 New 2,700 630 620 430 77.4 22 May 14, 2026 J-GAAP
Revision Rate 0.0% +3.3% +2.0% +2.9% +2.9%

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 1,331 313 312 226 40.8 6 Nov 13, 2025 J-GAAP
Apr - Sep, 2026 Guidance 1,608 401 387 270 48.6 11 May 14, 2026 J-GAAP
YoY +20.8% +28.1% +24.0% +19.5% +19.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 2,184 382 411 251 45.5 8 Nov 14, 2024 J-GAAP
Sep, 2025 2,404 565 574 410 74.1 12 Nov 13, 2025 J-GAAP
Sep, 2026 Guidance 2,700 630 620 430 77.4 22 May 14, 2026 J-GAAP
YoY +12.3% +11.5% +8.0% +4.9% +4.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 654 239 250 174 31.6 36.5 May 13, 2025 J-GAAP
Apr - Jun, 2025 582 141 142 99 17.9 24.2 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 749 172 170 127 22.9 23.0 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 371 -39 -36 -25 -4.6 -10.5 Feb 13, 2026 J-GAAP
Jan - Mar, 2026 721 268 269 185 33.3 37.2 May 14, 2026 J-GAAP
YoY +10.2% +12.1% +7.6% +6.3% +5.5%

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