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Linical, Ordinary Profit Forecast for the Fiscal Year Revised Downward to a Loss

Fri Nov 14, 2025 4:00 pm JST Earnings

2183 Linical Co., Ltd. 【J-GAAP】

Earnings Report

Linical Co., Ltd. <2183> [TSE Std] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded to a loss of 0.54 billion yen (compared to a loss of 0.23 billion yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit/loss has been revised downward from an expected profit of 0.32 billion yen to a loss of 1.40 billion yen (compared to a loss of 0.49 billion yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to expand to a loss of 0.85 billion yen (compared to a loss of 0.25 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 0.37 billion yen (compared to a loss of 0.19 billion yen in the same period last year). The operating profit/loss margin drastically worsened from -5.0% in the same period last year to -18.2%.

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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 6,064 421 483 178 7.9 61.1 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 5,426 -192 -239 -280 -12.4 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 4,859 -511 -543 -927 -41.1 Nov 14, 2025 J-GAAP
YoY -10.4% -166.1% -127.2% -231.1% -230.7%

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 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 4,859 -511 -543 -927 -41.1 0 Nov 14, 2025 J-GAAP
Revision Rate

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 11,200 300 320 150 6.6 16 May 15, 2025 J-GAAP
Mar, 2026 New 9,350 -1,350 -1,400 -1,700 -75.3 16 Nov 14, 2025 J-GAAP
Revision Rate -16.5%

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 5,011 -391 -259 -259 -11.5 16 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,491 -839 -857 -773 -34.2 16 Nov 14, 2025 J-GAAP
YoY -10.4% -114.6% -230.9% -198.5% -198.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 12,307 725 790 338 15.0 15 May 15, 2024 J-GAAP
Mar, 2025 10,437 -583 -498 -539 -23.9 16 May 15, 2025 J-GAAP
Mar, 2026 Guidance 9,350 -1,350 -1,400 -1,700 -75.3 16 Nov 14, 2025 J-GAAP
YoY -10.4% -131.6% -181.1% -215.4% -215.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,500 -126 -192 -198 -8.8 -5.0 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 2,529 -140 -22 -36 -1.6 -5.5 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,482 -251 -237 -223 -9.9 -10.1 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,626 -104 -164 -176 -7.8 -4.0 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 2,233 -407 -379 -751 -33.3 -18.2 Nov 14, 2025 J-GAAP
YoY -10.7% -223.0% -97.4% -279.3% -278.9%

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