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EM SYSTEMS, Jan-Sep (Cumulative 3Q) Ordinary Profit Increases by 3%, Jul-Sep Ordinary Profit Decreases by 35%
4820 EM SYSTEMS CO.,LTD. 【J-GAAP】
Earnings ReportEM SYSTEMS CO.,LTD. <4820> [TSE Prime] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) was 3.81 billion yen, a 2.8% increase compared to the same period last year. Progress toward the full-year plan of 4.38 billion yen was 87.0%, also surpassing the four-year average of 76.0%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop 61.1% from the same period last year to 0.57 billion yen.
In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit dropped to 1.41 billion yen, a 34.8% decrease compared to the same period last year. The operating profit margin decreased from 29.3% in the same period last year to 21.5%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Sep, 2023 | 15,198 | 1,804 | 2,199 | 1,357 | 19.2 | 76.6 | Nov 10, 2023 | J-GAAP |
| Jan - Sep, 2024 | 17,755 | 3,201 | 3,715 | 1,510 | 21.5 | 71.7 | Nov 14, 2024 | J-GAAP |
| Jan - Sep, 2025 | 18,114 | 3,363 | 3,818 | 2,402 | 34.7 | 87.0 | Nov 14, 2025 | J-GAAP |
| YoY | +2.0% | +5.1% | +2.8% | +59.1% | +61.2% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2024 | 13,848 | 3,243 | 3,644 | 1,440 | 20.5 | 26 | Feb 14, 2025 | J-GAAP |
| Jul - Dec, 2025 Guidance | 11,330 | 1,547 | 1,989 | 1,088 | 15.7 | 22 | Oct 27, 2025 | J-GAAP |
| YoY | -18.2% | -52.3% | -45.4% | -24.4% | -23.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2023 | 20,355 | 2,330 | 2,869 | 1,962 | 27.8 | 14 | Feb 14, 2024 | J-GAAP |
| Dec, 2024 | 24,837 | 4,464 | 5,184 | 2,425 | 34.5 | 35 | Feb 14, 2025 | J-GAAP |
| Dec, 2025 Guidance | 23,479 | 3,627 | 4,389 | 2,691 | 38.9 | 39 | Oct 27, 2025 | J-GAAP |
| YoY | -5.5% | -18.8% | -15.3% | +11.0% | +12.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 6,766 | 1,980 | 2,175 | 525 | 7.5 | 29.3 | Nov 14, 2024 | J-GAAP |
| Oct - Dec, 2024 | 7,082 | 1,263 | 1,469 | 915 | 13.0 | 17.8 | Feb 14, 2025 | J-GAAP |
| Jan - Mar, 2025 | 6,714 | 1,533 | 1,701 | 1,139 | 16.5 | 22.8 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 5,435 | 547 | 699 | 464 | 6.7 | 10.1 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 5,965 | 1,283 | 1,418 | 799 | 11.6 | 21.5 | Nov 14, 2025 | J-GAAP |
| YoY | -11.8% | -35.2% | -34.8% | +52.2% | +54.2% |
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