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PBsystems, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 56% Decrease, Dividend Revised to 20 Yen

Tue Aug 12, 2025 3:30 pm JST Earnings

4447 PBsystems,Inc. 【J-GAAP】

Earnings Report

PBsystems,Inc. <4447> [TSE Growth] announced its financial results after the market closed on August 12th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending September 2025 (October 2024 to June 2025) significantly dropped 91.7% from the same period last year to 8 million yen.

In addition, the full-year forecast for ordinary profit has decreased 57.7%, from the previous forecast of 376 million yen to 159 million yen (compared to 362 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 56.1% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the April to September period (second half) has decreased 66.6%, from the previous forecast of 326 million yen to 109 million yen (compared to 241 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 54.8% decrease in profit.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year, from the original plan of 10～12.5 yen to 20 yen (compared to 10 yen in the previous period).

In the most recent three-month period, from April to June (3Q), the ordinary loss expanded to a loss of 42 million yen (compared to a loss of 25 million yen in the same period last year). The operating profit/loss margin worsened from -6.9% in the same period last year to -7.4%.

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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
Oct - Jun, 2022 2,060 95 89 62 9.7 30.2 Aug 10, 2023 J-GAAP
Oct - Jun, 2023 1,500 96 96 64 10.1 26.5 Aug 9, 2024 J-GAAP
Oct - Jun, 2024 1,738 8 8 2 0.4 5.0 Aug 12, 2025 J-GAAP
YoY +15.9% -91.7% -91.7% -96.9% -96.4%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev 2,250 330 326 225 38.7 10 May 15, 2025 J-GAAP
Apr - Sep, 2025 New 1,730 110 109 66 11.3 20 Aug 12, 2025 J-GAAP
Revision Rate -23.1% -66.7% -66.6% -70.7% -70.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2025 Prev 3,420 380 376 256 44.0 10 Nov 14, 2024 J-GAAP
Sep, 2025 New 2,900 160 159 97 16.7 20 Aug 12, 2025 J-GAAP
Revision Rate -15.2% -57.9% -57.7% -62.1% -62.1%

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 1,955 242 241 174 27.3 10 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 Guidance 1,730 110 109 66 11.3 20 Aug 12, 2025 J-GAAP
YoY -11.5% -54.5% -54.8% -62.1% -58.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 2,900 301 295 205 31.8 0 Nov 13, 2023 J-GAAP
Sep, 2024 3,107 362 362 255 40.1 10 Nov 14, 2024 J-GAAP
Sep, 2025 Guidance 2,900 160 159 97 16.7 20 Aug 12, 2025 J-GAAP
YoY -6.7% -55.8% -56.1% -62.0% -58.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 348 -24 -25 -17 -2.7 -6.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,607 266 266 191 30.0 16.6 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 704 47 47 30 4.9 6.7 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 466 3 3 1 0.2 0.6 May 15, 2025 J-GAAP
Apr - Jun, 2025 568 -42 -42 -29 -5.2 -7.4 Aug 12, 2025 J-GAAP
YoY +63.2% -75.0% -68.0% -70.6% -95.5%

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