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i-plug, 16% Increase in Ordinary Profit, Update Record High for Third Consecutive Term

Thu May 14, 2026 4:00 pm JST Earnings

4177 i-plug,Inc. 【J-GAAP】

Earnings Report

i-plug,Inc. <4177> [TSE Growth] announced its financial results after the market closed on May 14th (16:00). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 24.4% from the previous period to 720 million yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to grow by 16.3% to 837 million yen, marking the third consecutive term of record-high profits. This will be the eleventh consecutive term of revenue and the third consecutive term of profit growth.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit surged 2.9 times that of the same period last year, reaching 323 million yen. The operating profit margin drastically improved from 7.5% in the same period last year to 19.2%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 4,602 139 137 -193 -49.2 0 May 14, 2024 J-GAAP
Mar, 2025 5,084 578 579 597 151.1 0 May 15, 2025 J-GAAP
Mar, 2026 5,756 715 720 478 120.3 54 May 14, 2026 J-GAAP
YoY +13.2% +23.7% +24.4% -19.9% -20.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 6,100 700 698 418 104.9 54 Nov 14, 2025 J-GAAP
Mar, 2026 Results 5,756 715 720 478 120.3 54 May 14, 2026 J-GAAP
Revision Rate -5.6% +2.1% +3.2% +14.4% +14.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 2,391 -100 -97 -68 -17.4 0 Nov 14, 2025 J-GAAP
Apr - Sep, 2026 Guidance ー ー ー ー － 0 May 14, 2026 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 5,084 578 579 597 151.1 0 May 15, 2025 J-GAAP
Mar, 2026 5,756 715 720 478 120.3 54 May 14, 2026 J-GAAP
Mar, 2027 Guidance 6,910 840 837 553 138.8 54 May 14, 2026 J-GAAP
YoY +20.0% +17.5% +16.3% +15.7% +15.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 1,477 111 112 186 47.1 7.5 May 15, 2025 J-GAAP
Apr - Jun, 2025 1,011 -283 -283 -180 -45.7 -28.0 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 1,380 183 186 112 28.6 13.3 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 1,684 493 494 318 80.0 29.3 Feb 13, 2026 J-GAAP
Jan - Mar, 2026 1,681 322 323 228 57.4 19.2 May 14, 2026 J-GAAP
YoY +13.8% +190.1% +188.4% +22.6% +21.9%

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