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Vario Secure, Mar-Nov (Cumulative 3Q) Net Income Increases by 12%

Fri Jan 9, 2026 3:30 pm JST Earnings

4494 Vario Secure Inc. 【IFRS】

Earnings Report

Vario Secure Inc. <4494> [TSE Std] announced its financial results (based on IFRS) after the market closed on January 9th (15:30). The net income (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2026 (March to November) increased 11.5% from the same period last year, reaching 290 million yen. Progress toward the full-year plan of 302 million yen was 96.0%, also surpassing the five-year average of 81.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the net income for the December to February period (4Q) is expected to significant drop 85.4% from the same period last year to 12 million yen.

In the most recent three-month period, from September to November (3Q), the operating profit margin decreased from 18.1% in the same period last year to 17.5%.

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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
Mar - Nov, 2023 1,974 436 427 288 63.9 83.9 Jan 11, 2024 IFRS
Mar - Nov, 2024 2,007 391 379 260 57.7 79.5 Jan 10, 2025 IFRS
Mar - Nov, 2025 2,118 435 423 290 64.3 95.9 Jan 9, 2026 IFRS
YoY +5.5% +11.3% +11.6% +11.5% +11.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 1,313 219 212 160 35.4 0 Apr 10, 2025 IFRS
Sep - Feb, 2025 Guidance 1,391 142 135 88 19.5 0 Oct 10, 2025 IFRS
YoY +5.9% -35.2% -36.3% -45.0% -45.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 2,640 520 509 347 76.1 0 Apr 10, 2024 IFRS
Feb, 2025 2,667 492 477 342 75.7 0 Apr 10, 2025 IFRS
Feb, 2026 Guidance 2,810 455 441 302 66.8 0 Oct 10, 2025 IFRS
YoY +5.4% -7.5% -7.5% -11.7% -11.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 653 118 114 78 17.3 18.1 Jan 10, 2025 IFRS
Dec - Feb, 2024 660 101 98 82 18.2 15.3 Apr 10, 2025 IFRS
Mar - May, 2025 706 152 148 105 23.3 21.5 Jul 11, 2025 IFRS
Jun - Aug, 2025 713 161 158 109 24.1 22.6 Oct 10, 2025 IFRS
Sep - Nov, 2025 699 122 117 76 16.9 17.5 Jan 9, 2026 IFRS
YoY +7.0% +3.4% +2.6% -2.6% -2.5%

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