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AGS, First Half Ordinary Profit Increases by 2.2 times, Jul-Sep Ordinary Profit Increases by 92%

Thu Oct 30, 2025 4:00 pm JST Earnings

3648 AGS Corporation 【J-GAAP】

Earnings Report

AGS Corporation <3648> [TSE Std] announced its financial results after the market closed on October 30th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 2.2 times that of the same period last year, reaching 1.34 billion yen. Progress toward the full-year plan of 2.39 billion yen was 56.4%, also surpassing the five-year average of 46.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 18.5% from the same period last year to 1.04 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 91.8% from the same period last year, reaching 0.83 billion yen. The operating profit margin significantly improved from 7.7% in the same period last year to 11.3%.

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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 10,567 683 704 468 26.7 54.7 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 10,931 585 622 408 24.2 32.7 Oct 30, 2024 J-GAAP
Apr - Sep, 2025 13,369 1,308 1,348 1,002 60.0 56.4 Oct 30, 2025 J-GAAP
YoY +22.3% +123.6% +116.7% +145.6% +148.1%

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 13,350 1,290 1,330 980 58.6 16 Oct 15, 2025 J-GAAP
Apr - Sep, 2025 Results 13,369 1,308 1,348 1,002 60.0 16 Oct 30, 2025 J-GAAP
Revision Rate +0.1% +1.4% +1.4% +2.2% +2.4%

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 13,931 1,264 1,278 971 57.7 16 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 14,631 1,042 1,042 688 41.1 16 Oct 30, 2025 J-GAAP
YoY +5.0% -17.6% -18.5% -29.1% -28.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 22,092 1,272 1,286 936 54.0 14.50 May 13, 2024 J-GAAP
Mar, 2025 24,862 1,849 1,900 1,379 81.9 24 May 14, 2025 J-GAAP
Mar, 2026 Guidance 28,000 2,350 2,390 1,690 101.0 32 Oct 15, 2025 J-GAAP
YoY +12.6% +27.1% +25.8% +22.6% +23.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 5,843 447 437 286 16.9 7.7 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 6,145 502 516 349 20.7 8.2 Jan 29, 2025 J-GAAP
Jan - Mar, 2025 7,786 762 762 622 36.9 9.8 May 14, 2025 J-GAAP
Apr - Jun, 2025 6,011 477 510 344 20.6 7.9 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 7,358 831 838 658 39.4 11.3 Oct 30, 2025 J-GAAP
YoY +25.9% +85.9% +91.8% +130.1% +132.5%

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