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VALUE GOLF, First Half Ordinary Profit Decreases by 11%

Fri Sep 12, 2025 4:00 pm JST Earnings

3931 VALUE GOLF Inc. 【J-GAAP】

Earnings Report

VALUE GOLF Inc. <3931> [TSE Growth] announced its financial results after the market closed on September 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2026 (February to July) decreased 11.3% from the same period last year to 47 million yen. Progress toward the full-year plan of 160 million yen was 29.4%, also falling below the five-year average of 53.9%.

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 August to January period (second half) is expected to surge 5.4 times that of the same period last year, reaching 113 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit grew 7.4% from the same period last year, reaching 29 million yen. However, the operating profit margin remained almost flat, changing from 2.9% in the same period last year to 2.9%.

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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
Feb - Jul, 2023 1,789 35 29 10 6.0 59.2 Sep 14, 2023 J-GAAP
Feb - Jul, 2024 2,077 62 53 17 9.9 71.6 Sep 13, 2024 J-GAAP
Feb - Jul, 2025 2,350 51 47 30 16.7 29.4 Sep 12, 2025 J-GAAP
YoY +13.1% -17.7% -11.3% +76.5% +68.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2025 Guidance ー ー ー ー － 0 Mar 14, 2025 J-GAAP
Feb - Jul, 2025 Results 2,350 51 47 30 16.7 0 Sep 12, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2024 2,050 28 21 -12 -7.3 25 Mar 14, 2025 J-GAAP
Aug - Jan, 2025 Guidance 2,150 129 113 90 49.8 25 Sep 12, 2025 J-GAAP
YoY +4.9% +360.7% +438.1% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2024 3,656 61 49 22 12.6 25 Mar 14, 2024 J-GAAP
Jan, 2025 4,127 90 74 5 3.1 25 Mar 14, 2025 J-GAAP
Jan, 2026 Guidance 4,500 180 160 120 66.4 25 Mar 14, 2025 J-GAAP
YoY +9.0% +100.0% +116.2% +2,300.0% +2,070.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2024 1,069 31 27 6 3.5 2.9 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 1,032 42 38 26 17.6 4.1 Dec 13, 2024 J-GAAP
Nov - Jan, 2024 1,018 -14 -17 -38 -23.3 -1.4 Mar 14, 2025 J-GAAP
Feb - Apr, 2025 1,202 18 18 8 4.7 1.5 Jun 13, 2025 J-GAAP
May - Jul, 2025 1,148 33 29 22 12.3 2.9 Sep 12, 2025 J-GAAP
YoY +7.4% +6.5% +7.4% +266.7% +249.0%

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