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Commerce One, First Half Ordinary Profit Increases by 34%

Fri Nov 14, 2025 4:00 pm JST Earnings

4496 Commerce One Holdings Inc. 【J-GAAP】

Earnings Report

Commerce One Holdings Inc. <4496> [TSE Growth] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 278 million yen, an increase 34.3% compared to the same period last year. However, Progress toward the full-year plan of 673 million yen was 41.3%, also falling below the five-year average of 49.1%.

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 October to March period (second half) is expected to expand 82.9% from the same period last year, reaching 395 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 17.0% from the same period last year, reaching 117 million yen. However, the operating profit margin sharply declined from 18.1% in the same period last year to 7.5%.

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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
Apr - Sep, 2023 1,741 271 313 191 26.4 44.6 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 1,816 320 207 77 10.8 48.9 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 1,910 205 278 157 22.2 41.3 Nov 14, 2025 J-GAAP
YoY +5.2% -35.9% +34.3% +103.9% +105.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 10 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 1,910 205 278 157 22.2 10 Nov 14, 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
Oct - Mar, 2024 1,877 318 216 14 2.0 10 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 2,477 460 395 328 46.5 11 Nov 14, 2025 J-GAAP
YoY +32.0% +44.7% +82.9% +2,242.9% +2,262.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 3,557 644 702 414 57.5 38 May 15, 2024 J-GAAP
Mar, 2025 3,693 638 423 91 12.8 20 May 14, 2025 J-GAAP
Mar, 2026 Guidance 4,387 665 673 485 68.8 21 May 14, 2025 J-GAAP
YoY +18.8% +4.2% +59.1% +433.0% +438.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 918 166 100 37 5.2 18.1 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 936 175 126 51 7.1 18.7 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 941 143 90 -37 -5.2 15.2 May 14, 2025 J-GAAP
Apr - Jun, 2025 910 130 161 93 13.1 14.3 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 1,000 75 117 64 9.1 7.5 Nov 14, 2025 J-GAAP
YoY +8.9% -54.8% +17.0% +73.0% +74.6%

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