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Makuake, Oct-Jun (Cumulative 3Q) Ordinary Profit Turns to Profit, Exceeds Full-Year Plan

Tue Jul 29, 2025 3:30 pm JST Earnings

4479 Makuake,Inc. 【J-GAAP】

Earnings Report

Makuake,Inc. <4479> [TSE Growth] announced its financial results after the market closed on July 29th (15:30). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending September 2025 (October 2024 to June 2025) turned into a profit of 423 million yen (compared to a loss of 110 million yen in the same period last year). Progress toward the full-year plan of 310 million yen is 136.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the July to September period (4Q) is expected to turn into a loss of 113 million yen (compared to a profit of 50 million yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from April to June (3Q), the ordinary profit/loss turned to a profit of 161 million yen (compared to a loss of 14 million yen in the same period last year). The operating profit/loss margin drastically improved from -1.8% in the same period last year to 12.2%.

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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 2,779 -459 -454 -462 -36.8 ー Jul 25, 2023 J-GAAP
Oct - Jun, 2023 2,731 -114 -110 -162 -12.8 ー Jul 30, 2024 J-GAAP
Oct - Jun, 2024 3,349 420 423 385 30.3 136.5 Jul 29, 2025 J-GAAP
YoY +22.6% － － － －

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 1,792 36 36 -27 -2.1 0 Oct 29, 2024 J-GAAP
Apr - Sep, 2025 Guidance 1,990 49 48 43 3.4 0 Apr 22, 2025 J-GAAP
YoY +11.0% +36.1% +33.3% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 3,810 -489 -482 -491 -39.0 0 Oct 24, 2023 J-GAAP
Sep, 2024 3,652 -62 -60 -103 -8.2 0 Oct 29, 2024 J-GAAP
Sep, 2025 Guidance 4,040 310 310 290 22.8 0 Apr 22, 2025 J-GAAP
YoY +10.6% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 871 -16 -14 -86 -6.8 -1.8 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 921 52 50 59 4.7 5.6 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 980 100 100 104 8.2 10.2 Jan 28, 2025 J-GAAP
Jan - Mar, 2025 1,070 161 162 143 11.3 15.0 Apr 22, 2025 J-GAAP
Apr - Jun, 2025 1,299 159 161 138 10.8 12.2 Jul 29, 2025 J-GAAP
YoY +49.1% － － － －

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