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GMO Pepabo, Net Income Forecast for the Fiscal Year Revised Upward by 10%, Highest in Five Terms, Dividend Revised Upward by 9 Yen

Wed Nov 12, 2025 3:31 pm JST Earnings

3633 GMO Pepabo, Inc. 【J-GAAP】

Earnings Report

GMO Pepabo, Inc. <3633> [TSE Std] announced its financial results after the market closed on November 12th (15:31). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2025 (January to September) expanded 759 million yen, an increase 37.7% compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 10.0%, from the previous forecast of 762 million yen to 838 million yen (compared to 591 million yen in the previous period), increasing the growth rate from 28.9% to 41.8%, reaches new record high for the first time in five terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the July to December period (second half) is expected to increase 20.8%, from the previous forecast of 365 million yen to 441 million yen (compared to 266 million yen in the same period of the previous year), increasing the growth rate from 37.2% to 65.8%.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 96 yen to 105 yen (compared to 57 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated net income increased 60.2% from the same period last year, reaching 362 million yen. However, the operating profit margin significantly dropped from 10.4% in the same period last year to 7.1%.

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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 8,225 -582 -504 -724 -137.3 ー Nov 13, 2023 J-GAAP
Jan - Sep, 2024 8,105 782 833 551 104.4 88.9 Nov 6, 2024 J-GAAP
Jan - Sep, 2025 8,263 790 1,046 759 145.3 87.7 Nov 12, 2025 J-GAAP
YoY +1.9% +1.0% +25.6% +37.7% +39.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 5,417 328 634 365 70.8 96 Sep 16, 2025 J-GAAP
Jul - Dec, 2025 New 5,417 328 634 441 85.5 105 Nov 12, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +20.8% +20.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 10,956 925 1,193 762 147.7 96 Sep 16, 2025 J-GAAP
Dec, 2025 New 10,956 925 1,193 838 162.4 105 Nov 12, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +10.0% +10.0%

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 5,557 333 444 266 50.5 57 Feb 5, 2025 J-GAAP
Jul - Dec, 2025 Guidance 5,417 328 634 441 85.5 105 Nov 12, 2025 J-GAAP
YoY -2.5% -1.5% +42.8% +65.8% +69.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 10,903 -340 -246 -628 -119.2 0 Feb 13, 2024 J-GAAP
Dec, 2024 10,922 829 937 591 112.1 57 Feb 5, 2025 J-GAAP
Dec, 2025 Guidance 10,956 925 1,193 838 162.4 105 Nov 12, 2025 J-GAAP
YoY +0.3% +11.6% +27.3% +41.8% +44.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,740 286 340 226 42.8 10.4 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 2,817 47 104 40 7.6 1.7 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 2,745 335 309 237 45.0 12.2 May 13, 2025 J-GAAP
Apr - Jun, 2025 2,794 262 250 160 30.6 9.4 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 2,724 193 487 362 69.3 7.1 Nov 12, 2025 J-GAAP
YoY -0.6% -32.5% +43.2% +60.2% +61.8%

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