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CRI Middleware, The Current Fiscal Year Ordinary Profit Revised Upward by 41%, Highest in Five Terms, Dividend Revised Upward by 5 yen

Thu May 8, 2025 3:30 pm JST Earnings

3698 CRI Middleware Co., Ltd. 【J-GAAP】

Earnings Report

CRI Middleware Co., Ltd. <3698> [TSE Growth] announced its financial results after the market closed on May 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) surged 2.1 times that of the same period last year, reaching 390 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward 41.1%, from the previous forecast of 394 million yen to 556 million yen (compared to 383 million yen in the previous period), increasing the growth rate from 2.9% to 45.2%, reaches new record high for the first time in five terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (2H) is expected to decrease 14.0% from the same period last year to 166 million yen.

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 20 yen to 25 yen (compared to 20 yen in the previous period).

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit increased 59.5% from the same period last year, reaching 244 million yen. The operating profit margin jumped from 18.0% in the same period last year to 25.3%.

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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
Oct - Mar, 2022 1,452 188 202 147 27.3 53.3 May 11, 2023 J-GAAP
Oct - Mar, 2023 1,499 185 190 152 29.2 49.6 May 9, 2024 J-GAAP
Oct - Mar, 2024 1,855 387 390 271 52.0 70.1 May 8, 2025 J-GAAP
YoY +23.7% +109.2% +105.3% +78.3% +78.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance ー ー ー ー － 0 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 Results 1,855 387 390 271 52.0 0 May 8, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2025 Prev 3,360 384 394 312 59.7 20 Nov 7, 2024 J-GAAP
Sep, 2025 New 3,530 550 556 411 78.6 25 May 8, 2025 J-GAAP
Revision Rate +5.1% +43.2% +41.1% +31.7% +31.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 1,668 183 193 152 29.1 20 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 Guidance 1,675 163 166 140 26.8 25 May 8, 2025 J-GAAP
YoY +0.4% -10.9% -14.0% -7.9% -8.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 2,990 344 379 232 43.8 15 Nov 9, 2023 J-GAAP
Sep, 2024 3,167 368 383 304 58.3 20 Nov 7, 2024 J-GAAP
Sep, 2025 Guidance 3,530 550 556 411 78.6 25 May 8, 2025 J-GAAP
YoY +11.5% +49.5% +45.2% +35.2% +35.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 826 149 153 128 24.6 18.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 738 4 17 15 2.9 0.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 930 179 176 137 26.3 19.2 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 861 136 146 101 19.5 15.8 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 994 251 244 170 32.6 25.3 May 8, 2025 J-GAAP
YoY +20.3% +68.5% +59.5% +32.8% +32.7%

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