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Link and Motivation, Jan-Sep (Cumulative 3Q) Net Income Increases by 1%, Jul-Sep Net Income Decreases by 12%

Thu Nov 13, 2025 12:00 pm JST Earnings

2170 Link and Motivation Inc. 【IFRS】

Earnings Report

Link and Motivation Inc. <2170> [TSE Prime] announced its financial results (based on IFRS) at noon (12:00) on November 13th. The consolidated net income for the cumulative third quarter of the fiscal year ending December 2025 (January to September) was 2.51 billion yen, a 1.0% increase compared to the same period last year. However, Progress toward the full-year plan of 3.87 billion yen was 64.9%, also falling below the five-year average of 87.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to grow 13.6% from the same period last year, reaching 1.36 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income decreased to 0.71 billion yen, an 11.9% decrease compared to the same period last year. The operating profit margin decreased from 14.4% in the same period last year to 12.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 25,052 3,323 3,283 1,829 16.4 71.9 Nov 13, 2023 IFRS
Jan - Sep, 2024 27,430 4,030 3,955 2,493 23.2 73.0 Nov 13, 2024 IFRS
Jan - Sep, 2025 30,181 4,477 4,491 2,518 23.4 ー Nov 13, 2025 IFRS
YoY +10.0% +11.1% +13.6% +1.0% +1.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 19,455 2,817 2,786 2,014 18.8 6.30 Feb 13, 2025 IFRS
Jul - Dec, 2025 Guidance 21,263 3,057 ー 2,080 18.8 8.20 Aug 12, 2025 IFRS
YoY +9.3% +8.5% － +3.3% -0.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 33,969 4,623 4,567 2,842 25.5 11.30 Feb 13, 2024 IFRS
Dec, 2024 37,458 5,485 5,420 3,691 34.4 12.20 Feb 13, 2025 IFRS
Dec, 2025 Guidance 41,200 6,220 ー 3,879 35.0 16 Aug 12, 2025 IFRS
YoY +10.0% +13.4% － +5.1% +1.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 9,427 1,362 1,321 816 7.6 14.4 Nov 13, 2024 IFRS
Oct - Dec, 2024 10,028 1,455 1,465 1,198 11.2 14.5 Feb 13, 2025 IFRS
Jan - Mar, 2025 9,370 1,221 1,259 746 7.0 13.0 May 14, 2025 IFRS
Apr - Jun, 2025 10,567 1,942 1,946 1,053 9.9 18.4 Aug 12, 2025 IFRS
Jul - Sep, 2025 10,244 1,314 1,286 719 6.7 12.8 Nov 13, 2025 IFRS
YoY +8.7% -3.5% -2.6% -11.9% -11.7%

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