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VLC HOLDINGS, First Half Net Income Turns to Loss, Jul-Sep Net Income Turns to Loss

Fri Nov 14, 2025 3:30 pm JST Earnings

2467 VLC SECURITY CO.,LTD. 【J-GAAP】

Earnings Report

VLC SECURITY CO.,LTD. <2467> [NSE Next] announced its financial results after the market closed on November 14th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a loss of 263 million yen (compared to a profit of 709 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 328 million yen (compared to a loss of 111 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 127 million yen (compared to a profit of 903 million yen in the same period last year). The operating profit/loss margin drastically worsened from -9.6% in the same period last year to -37.1%.

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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 901 -272 -271 -289 -23.2 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 779 -227 -222 709 55.2 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 612 -248 -239 -263 -19.7 Nov 14, 2025 J-GAAP
YoY -21.4% -9.3% -7.7%

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 612 -248 -239 -263 -19.7 0 Nov 14, 2025 J-GAAP
Revision Rate

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 826 -43 -50 -111 -8.6 0 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,338 348 334 328 23.7 0 Nov 14, 2025 J-GAAP
YoY +62.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,212 -257 -259 -309 -24.5 0 May 15, 2024 J-GAAP
Mar, 2025 1,605 -270 -272 598 46.5 0 May 15, 2025 J-GAAP
Mar, 2026 Guidance 1,950 100 95 65 4.7 0 May 15, 2025 J-GAAP
YoY +21.5% -89.1% -89.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 416 -40 -31 903 70.3 -9.6 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 326 -112 -113 -111 -8.6 -34.4 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 500 69 63 0 0.0 13.8 May 15, 2025 J-GAAP
Apr - Jun, 2025 294 -130 -130 -136 -10.6 -44.2 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 318 -118 -109 -127 -9.5 -37.1 Nov 14, 2025 J-GAAP
YoY -23.6% -195.0% -251.6%

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