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Vector HOLDINGS, Net Income Forecast for the Fiscal Year Loss Widened in Downward Revision

Fri Nov 14, 2025 3:30 pm JST Earnings

2656 Vector HOLDINGS Inc. 【J-GAAP】

Earnings Report

Vector HOLDINGS Inc. <2656> [TSE Std] announced its financial results after the market closed on November 14th (15:30). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was a reduced loss of 301 million yen (compared to a loss of 331 million yen in the same period last year).

However, the full-year forecast for consolidated net income/loss has been revised downward from an expected loss of 395 million yen to a loss of 548 million yen (compared to a loss of 779 million yen in the previous period), indicating an expansion in the loss margin.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net loss for the October to March period (second half) is expected to further decrease loss of 247 million yen (compared to a loss of 448 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net loss improved to a deficit of 135 million yen (compared to a loss of 148 million yen in the same period last year). The operating profit/loss margin improved from -673.9% in the same period last year to -604.5%.

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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 100 -402 -457 -461 -25.3 ー Nov 14, 2023 J-GAAP
Apr - Sep, 2024 55 -334 -333 -331 -16.8 ー Nov 14, 2024 J-GAAP
Apr - Sep, 2025 46 -272 -305 -301 -15.0 ー Nov 14, 2025 J-GAAP
YoY -16.4% +18.6% +8.4% +9.1% +10.3%

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 72 -204 -243 -243 -9.9 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 46 -272 -305 -301 -15.0 0 Nov 14, 2025 J-GAAP
Revision Rate -36.1% -33.3% -25.5% -23.9% -51.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 281 -344 -394 -395 -16.1 0 May 15, 2025 J-GAAP
Mar, 2026 New 101 -521 -551 -548 -22.4 0 Nov 14, 2025 J-GAAP
Revision Rate -64.1% -51.5% -39.8% -38.7% -38.7%

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 107 -240 -233 -448 -22.6 0 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 55 -249 -246 -247 -10.1 0 Nov 14, 2025 J-GAAP
YoY -48.6% -3.8% -5.6% +44.9% +55.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 158 -763 -815 -894 -50.1 0 May 15, 2024 J-GAAP
Mar, 2025 162 -574 -566 -779 -39.3 0 May 15, 2025 J-GAAP
Mar, 2026 Guidance 101 -521 -551 -548 -22.4 0 Nov 14, 2025 J-GAAP
YoY -37.7% +9.2% +2.7% +29.7% +43.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 23 -155 -150 -148 -7.5 -673.9 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 58 -109 -104 -105 -5.3 -187.9 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 49 -131 -129 -343 -17.3 -267.3 May 15, 2025 J-GAAP
Apr - Jun, 2025 24 -139 -168 -166 -8.1 -579.2 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 22 -133 -137 -135 -6.7 -604.5 Nov 14, 2025 J-GAAP
YoY -4.3% +14.2% +8.7% +8.8% +10.0%

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