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System D, Nov-Jul (Cumulative 3Q) Ordinary Profit Increases by 34%, May-Jul Ordinary Profit Increases by 7.3 times

Tue Sep 16, 2025 3:30 pm JST Earnings

3804 System D Inc. 【J-GAAP】

Earnings Report

System D Inc. <3804> [TSE Std] announced its financial results after the market closed on September 16th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2025 (November 2024 to July 2025) expanded 698 million yen, an increase 34.5% compared to the same period last year. Progress toward the full-year plan of 931 million yen was 75.0%, exceeding the five-year average of 67.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to October period (4Q) is expected to decrease 25.1% from the same period last year to 233 million yen.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit surged 7.3 times that of the same period last year, reaching 44 million yen. The operating profit margin significantly improved from 0.8% in the same period last year to 4.3%.

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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
Nov - Jul, 2022 3,315 580 581 389 60.8 63.5 Sep 11, 2023 J-GAAP
Nov - Jul, 2023 3,278 519 519 344 53.8 62.5 Sep 17, 2024 J-GAAP
Nov - Jul, 2024 3,744 693 698 489 76.4 75.0 Sep 16, 2025 J-GAAP
YoY +14.2% +33.5% +34.5% +42.2% +41.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 2,245 316 317 213 33.3 24 Dec 16, 2024 J-GAAP
May - Oct, 2025 Guidance 2,226 280 277 181 28.2 27 Jun 16, 2025 J-GAAP
YoY -0.8% -11.4% -12.6% -15.0% -15.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 4,736 913 915 632 98.8 23 Dec 11, 2023 J-GAAP
Oct, 2024 4,631 828 830 555 86.8 24 Dec 16, 2024 J-GAAP
Oct, 2025 Guidance 5,024 932 931 627 97.8 27 Dec 16, 2024 J-GAAP
YoY +8.5% +12.6% +12.2% +13.0% +12.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2024 892 7 6 2 0.3 0.8 Sep 17, 2024 J-GAAP
Aug - Oct, 2024 1,353 309 311 211 33.0 22.8 Dec 16, 2024 J-GAAP
Nov - Jan, 2024 1,003 143 146 97 15.2 14.3 Mar 17, 2025 J-GAAP
Feb - Apr, 2025 1,795 509 508 349 54.5 28.4 Jun 16, 2025 J-GAAP
May - Jul, 2025 946 41 44 43 6.7 4.3 Sep 16, 2025 J-GAAP
YoY +6.1% +485.7% +633.3% +2,050.0% +2,067.7%

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