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BBD Initiative, First Half Net Income Increases by 28%

Wed May 14, 2025 3:30 pm JST Earnings

5259 BBD Initiative Inc. 【IFRS】

Earnings Report

BBD Initiative Inc. <5259> [TSE Growth] announced its financial results (based on IFRS) after the market closed on May 14th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) increased 27.5% from the same period last year, reaching 102 million yen. However, the progress rate toward the full-year plan of 215 million yen was 47.4%, also falling below the five-year average of 127.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the April to September period (2H) is expected to expand 34.5% from the same period last year, reaching 113 million yen.

In the most recent three-month period, from January to March (2Q), the consolidated net income grew 10.9% from the same period last year, reaching 61 million yen. However, the operating profit margin remained almost flat, changing from 9.4% in the same period last year to 9.3%.

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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
Oct - Mar, 2022 1,743 94 87 77 14.9 870.0 May 12, 2023 IFRS
Oct - Mar, 2023 1,976 151 142 80 15.2 53.4 May 14, 2024 IFRS
Oct - Mar, 2024 2,195 180 170 102 17.8 May 14, 2025 IFRS
YoY +11.1% +19.2% +19.7% +27.5% +17.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance 0 Nov 14, 2024 IFRS
Oct - Mar, 2024 Results 2,195 180 170 102 17.8 0 May 14, 2025 IFRS
Revision Rate

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 2,151 134 124 84 16.0 7 Nov 14, 2024 IFRS
Apr - Sep, 2025 Guidance 2,505 175 113 18.5 0 May 14, 2025 IFRS
YoY +16.5% +30.6% +34.5% +15.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 3,570 22 10 29 5.9 0 Nov 14, 2023 IFRS
Sep, 2024 4,127 285 266 164 31.2 7 Nov 14, 2024 IFRS
Sep, 2025 Guidance 4,700 355 215 35.1 0 Nov 14, 2024 IFRS
YoY +13.9% +24.6% +31.1% +12.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 1,007 95 90 55 10.4 9.4 May 14, 2024 IFRS
Apr - Jun, 2024 1,040 65 60 36 6.8 6.3 Aug 14, 2024 IFRS
Jul - Sep, 2024 1,111 69 64 48 9.1 6.2 Nov 14, 2024 IFRS
Oct - Dec, 2024 1,097 78 72 41 7.7 7.1 Feb 14, 2025 IFRS
Jan - Mar, 2025 1,098 102 98 61 10.6 9.3 May 14, 2025 IFRS
YoY +9.0% +7.4% +8.9% +10.9% +1.9%

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