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Members Co, Net Income Forecast for the Fiscal Year Revised Upward by 16%

Fri Oct 31, 2025 3:30 pm JST Earnings

2130 Members Co. ,Ltd. 【IFRS】

Earnings Report

Members Co. ,Ltd. <2130> [TSE Prime] announced its financial results (based on IFRS) after the market closed on October 31st (15:30). The net income/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a profit of 195 million yen (compared to a loss of 321 million yen in the previous period), exceeded the previous forecast of 60 million yen.

In addition, the full-year forecast for net income has been revised upward 16.3%, from the previous forecast of 800 million yen to 930 million yen (compared to 349 million yen in the previous period), increasing the growth rate from 2.3 times to 2.7 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the net income for the October to March period (second half) is expected to grow 9.7% from the same period last year, reaching 735 million yen.

In the most recent three-month period, from July to September (2Q), the net income surged 15 times that of the same period last year, reaching 236 million yen. The operating profit margin drastically improved from 0.2% in the same period last year to 5.6%.

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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
Apr - Sep, 2023 9,616 -551 -562 -398 -30.4 ー Oct 31, 2023 IFRS
Apr - Sep, 2024 10,384 -479 -464 -321 -25.2 ー Oct 31, 2024 IFRS
Apr - Sep, 2025 11,448 263 316 195 15.3 22.7 Oct 31, 2025 IFRS
YoY +10.2% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 11,366 100 90 60 4.7 0 Jul 31, 2025 IFRS
Apr - Sep, 2025 Results 11,448 263 316 195 15.3 0 Oct 31, 2025 IFRS
Revision Rate +0.7% +163.0% +251.1% +225.0% +226.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 24,318 1,214 1,194 800 62.6 33 May 14, 2025 IFRS
Mar, 2026 New 24,400 1,400 1,390 930 72.8 33 Oct 31, 2025 IFRS
Revision Rate +0.3% +15.3% +16.4% +16.3% +16.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 11,945 972 936 670 52.6 32 May 14, 2025 IFRS
Oct - Mar, 2025 Guidance 12,952 1,137 1,074 735 57.5 33 Oct 31, 2025 IFRS
YoY +8.4% +17.0% +14.7% +9.7% +9.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 20,467 46 136 126 9.7 31 May 10, 2024 IFRS
Mar, 2025 22,329 493 472 349 27.4 32 May 14, 2025 IFRS
Mar, 2026 Guidance 24,400 1,400 1,390 930 72.8 33 Oct 31, 2025 IFRS
YoY +9.3% +184.0% +194.5% +166.5% +165.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 5,349 13 22 16 1.3 0.2 Oct 31, 2024 IFRS
Oct - Dec, 2024 5,638 340 326 226 17.7 6.0 Feb 3, 2025 IFRS
Jan - Mar, 2025 6,307 632 610 444 34.9 10.0 May 14, 2025 IFRS
Apr - Jun, 2025 5,467 -70 -43 -41 -3.2 -1.3 Jul 31, 2025 IFRS
Jul - Sep, 2025 5,981 333 359 236 18.5 5.6 Oct 31, 2025 IFRS
YoY +11.8% +2,461.5% +1,531.8% +1,375.0% +1,370.6%

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