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Interspace, First Half Ordinary Profit Decreases by 34%, Jan-Mar Ordinary Profit Decreases by 59%

Tue May 13, 2025 3:30 pm JST Earnings

2122 Interspace Co.,Ltd. 【J-GAAP】

Earnings Report

Interspace Co.,Ltd. <2122> [TSE Std] announced its financial results after the market closed on May 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) dropped 34.1% from the same period last year to 280 million yen. The progress rate toward the full-year plan of 750 million yen was 37.3%, also falling below the five-year average of 60.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (2H) is expected to surge 7.2 times that of the same period last year, reaching 470 million yen.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit significantly dropped to 125 million yen, a 58.6% decrease compared to the same period last year. The operating profit margin significantly dropped from 13.8% in the same period last year to 7.8%.

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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, 2022 3,776 566 615 413 65.9 67.7 May 9, 2023 J-GAAP
Oct - Mar, 2023 3,996 435 425 250 40.0 86.7 May 14, 2024 J-GAAP
Oct - Mar, 2024 4,466 292 280 134 21.5 37.3 May 13, 2025 J-GAAP
YoY +11.8% -32.9% -34.1% -46.4% -46.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance 4,300 300 300 150 23.9 0 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 Results 4,466 292 280 134 21.5 0 May 13, 2025 J-GAAP
Revision Rate +3.9% -2.7% -6.7% -10.7% -10.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 3,913 120 65 -191 -30.7 30 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 Guidance 4,534 458 470 266 42.4 30 May 13, 2025 J-GAAP
YoY +15.9% +281.7% +623.1% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 7,284 791 908 585 93.4 25 Nov 14, 2023 J-GAAP
Sep, 2024 7,909 555 490 59 9.5 30 Nov 12, 2024 J-GAAP
Sep, 2025 Guidance 9,000 750 750 400 63.7 30 Nov 12, 2024 J-GAAP
YoY +13.8% +35.1% +53.1% +578.0% +572.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 2,163 299 302 182 29.1 13.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,944 89 91 25 4.0 4.6 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 1,969 31 -26 -216 -34.7 1.6 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 2,076 105 155 90 14.4 5.1 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 2,390 187 125 44 7.1 7.8 May 13, 2025 J-GAAP
YoY +10.5% -37.5% -58.6% -75.8% -75.7%

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