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mbs inc, First Half Ordinary Profit Increases by 23%

Wed Jan 14, 2026 4:00 pm JST Earnings

1401 mbs,inc. 【J-GAAP】

Earnings Report

mbs,inc. <1401> [TSE Growth] announced its financial results after the market closed on January 14th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending May 2026 (June to November) increased 23.1% from the same period last year, reaching 373 million yen, exceeded the previous forecast of 322 million yen.

Progress toward the full-year plan of 739 million yen was 50.5%, also surpassing the five-year average of 38.4%.

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 December to May period (second half) is expected to nearly flat at 366 million yen, down 0.8% from the same period last year.

In the most recent three-month period, from September to November (2Q), the ordinary profit decreased to 239 million yen, a 4.0% decrease compared to the same period last year. However, the operating profit margin rose from 15.9% in the same period last year to 18.3%.

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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
Jun - Nov, 2023 2,144 273 290 197 26.3 55.0 Jan 15, 2024 J-GAAP
Jun - Nov, 2024 2,241 277 303 207 28.3 45.1 Jan 14, 2025 J-GAAP
Jun - Nov, 2025 2,356 355 373 257 36.5 50.5 Jan 14, 2026 J-GAAP
YoY +5.1% +28.2% +23.1% +24.2% +28.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2025 Guidance 2,394 307 322 217 31.3 0 Jul 14, 2025 J-GAAP
Jun - Nov, 2025 Results 2,356 355 373 257 36.5 0 Jan 14, 2026 J-GAAP
Revision Rate -1.6% +15.6% +15.8% +18.4% +16.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 2,472 349 369 265 36.5 13 Jul 14, 2025 J-GAAP
Dec - May, 2025 Guidance 2,844 345 366 243 35.1 13 Jan 14, 2026 J-GAAP
YoY +15.0% -1.1% -0.8% -8.3% -3.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 4,356 495 527 403 54.1 8 Jul 12, 2024 J-GAAP
May, 2025 4,713 626 672 472 65.0 13 Jul 14, 2025 J-GAAP
May, 2026 Guidance 5,200 700 739 500 72.1 13 Jul 14, 2025 J-GAAP
YoY +10.3% +11.8% +10.0% +5.9% +11.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 1,432 227 249 172 23.6 15.9 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 1,131 152 164 121 16.6 13.4 Apr 11, 2025 J-GAAP
Mar - May, 2025 1,341 197 205 144 19.8 14.7 Jul 14, 2025 J-GAAP
Jun - Aug, 2025 1,097 124 134 92 13.0 11.3 Oct 14, 2025 J-GAAP
Sep - Nov, 2025 1,259 231 239 165 23.4 18.3 Jan 14, 2026 J-GAAP
YoY -12.1% +1.8% -4.0% -4.1% -0.6%

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