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SBS Holdings, Jul-Sep (3Q) Ordinary Profit Increases by 5.0 times

Wed Nov 12, 2025 1:00 pm JST Earnings

2384 SBS Holdings, Inc. 【J-GAAP】

Earnings Report

SBS Holdings, Inc. <2384> [TSE Prime] announced its financial results in the afternoon session on November 12th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) increased 27.9% from the same period last year, reaching 17.3 billion yen. Progress toward the full-year plan of 20.1 billion yen was 86.5%, also surpassing the five-year average of 76.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to drop 44.2% from the same period last year to 2.71 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged 5.0 times that of the same period last year, reaching 11.0 billion yen. The operating profit margin drastically improved from 2.1% in the same period last year to 8.1%.

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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 325,062 16,807 17,084 9,384 236.3 86.5 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 330,282 13,228 13,591 7,553 190.2 73.6 Nov 12, 2024 J-GAAP
Jan - Sep, 2025 364,360 17,338 17,382 9,625 242.3 86.5 Nov 12, 2025 J-GAAP
YoY +10.3% +31.1% +27.9% +27.4% +27.4%

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 226,406 6,746 7,078 3,163 79.6 70 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 256,461 14,111 13,736 8,440 212.5 85 Aug 8, 2025 J-GAAP
YoY +13.3% +109.2% +94.1% +166.8% +166.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 431,911 19,719 19,747 10,056 253.2 65 Feb 14, 2024 J-GAAP
Dec, 2024 448,145 17,704 18,463 9,619 242.2 70 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 485,000 20,500 20,100 11,200 282.0 85 Feb 14, 2025 J-GAAP
YoY +8.2% +15.8% +8.9% +16.4% +16.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 108,543 2,270 2,206 1,097 27.6 2.1 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 117,863 4,476 4,872 2,066 52.0 3.8 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 112,821 3,202 3,104 1,132 28.5 2.8 May 14, 2025 J-GAAP
Apr - Jun, 2025 115,718 3,187 3,260 1,628 41.0 2.8 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 135,821 10,949 11,018 6,865 172.9 8.1 Nov 12, 2025 J-GAAP
YoY +25.1% +382.3% +399.5% +525.8% +525.8%

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