Hybrid Tech, First Half Net Income Turns to Loss, Jan-Mar Net Income Turns to Loss

Hybrid Technologies Co., Ltd. <4260> [TSE Growth] announced its financial results (based on IFRS) after the market closed on May 15th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) turned into a loss of 26 million yen (compared to a profit of 105 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the April to September period (2H) is expected to turn into a profit of 158 million yen (compared to a loss of 52 million yen in the same period last year).

In the most recent three-month period, from January to March (2Q), the consolidated net income/loss turned to a loss of 8 million yen (compared to a profit of 38 million yen in the same period last year). The operating profit margin drastically worsened from 8.0% in the same period last year to 2.5%.

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