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Vertex, First Half Ordinary Profit Decreases by 4%, Jul-Sep Ordinary Profit Decreases by 25%

Thu Nov 13, 2025 3:30 pm JST Earnings

5290 Vertex Corporation 【J-GAAP】

Earnings Report

Vertex Corporation <5290> [TSE Std] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 4.4% from the same period last year to 2.42 billion yen. Progress toward the full-year plan of 6.50 billion yen was 37.4%, almost the same as the five-year average of 36.0%.

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 grow 4.1% from the same period last year, reaching 4.07 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.27 billion yen, a 25.5% decrease compared to the same period last year. The operating profit margin decreased from 17.1% in the same period last year to 14.4%.

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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 16,192 2,178 2,230 1,326 25.4 38.1 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 18,006 2,450 2,539 1,451 28.5 39.4 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 17,653 2,361 2,428 1,442 28.9 37.4 Nov 13, 2025 J-GAAP
YoY -2.0% -3.6% -4.4% -0.6% +1.5%

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 16,800 2,290 2,360 1,560 31.7 － May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 17,653 2,361 2,428 1,442 28.9 － Nov 13, 2025 J-GAAP
Revision Rate +5.1% +3.1% +2.9% -7.6% -8.6%

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 20,912 3,835 3,910 3,375 66.7 30 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 23,347 3,989 4,072 2,848 57.8 32.50 Nov 13, 2025 J-GAAP
YoY +11.6% +4.0% +4.1% -15.6% -13.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 36,833 5,727 5,849 3,728 71.9 20 May 10, 2024 J-GAAP
Mar, 2025 38,918 6,285 6,449 4,826 95.3 30 May 14, 2025 J-GAAP
Mar, 2026 Guidance 41,000 6,350 6,500 4,290 87.0 32.50 Jul 28, 2025 J-GAAP
YoY +5.3% +1.0% +0.8% -11.1% -8.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 9,765 1,669 1,709 1,242 24.4 17.1 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 10,368 1,872 1,918 1,554 30.6 18.1 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 10,544 1,963 1,992 1,821 36.0 18.6 May 14, 2025 J-GAAP
Apr - Jun, 2025 8,700 1,075 1,154 658 13.2 12.4 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 8,953 1,286 1,274 784 15.7 14.4 Nov 13, 2025 J-GAAP
YoY -8.3% -22.9% -25.5% -36.9% -35.5%

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