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Mercuria, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 16%

Thu Nov 13, 2025 3:30 pm JST Earnings

7347 Mercuria Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

Mercuria Holdings Co.,Ltd. <7347> [TSE Prime] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) significantly dropped 91.1% from the same period last year to 0.07 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 16.1%, from the previous forecast of 3.10 billion yen to 2.60 billion yen (compared to 1.15 billion yen in the previous period), leading to a reduction in the profit growth rate from 2.7 times to 2.2 times.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has decreased 15.3%, from the previous forecast of 3.25 billion yen to 2.75 billion yen (compared to 0.65 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 5.0 times to 4.2 times.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 0.22 billion yen, an 18.8% decrease compared to the same period last year. The operating profit margin decreased from 30.3% in the same period last year to 23.3%.

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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
Jan - Sep, 2023 4,959 848 1,051 719 36.7 69.1 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 3,693 756 788 478 24.7 68.1 Nov 13, 2024 J-GAAP
Jan - Sep, 2025 2,765 101 70 40 2.1 2.7 Nov 13, 2025 J-GAAP
YoY -25.1% -86.6% -91.1% -91.6% -91.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 5,809 3,191 3,259 2,127 109.9 22 Aug 13, 2025 J-GAAP
Jul - Dec, 2025 New 5,159 2,691 2,759 1,827 94.4 22 Nov 13, 2025 J-GAAP
Revision Rate -11.2% -15.7% -15.3% -14.1% -14.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 7,750 3,100 3,100 2,000 103.4 22 Feb 13, 2025 J-GAAP
Dec, 2025 New 7,100 2,600 2,600 1,700 87.9 22 Nov 13, 2025 J-GAAP
Revision Rate -8.4% -16.1% -16.1% -15.0% -15.0%

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 3,300 652 651 196 10.1 22 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 5,159 2,691 2,759 1,827 94.4 22 Nov 13, 2025 J-GAAP
YoY +56.3% +312.7% +323.8% +832.1% +832.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 5,842 1,344 1,520 1,055 54.0 21 Feb 13, 2024 J-GAAP
Dec, 2024 5,566 975 1,157 506 26.2 22 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 7,100 2,600 2,600 1,700 87.9 22 Nov 13, 2025 J-GAAP
YoY +27.6% +166.7% +124.7% +236.0% +236.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,427 433 282 168 8.7 30.3 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 1,873 219 369 28 1.5 11.7 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 852 -111 -169 -119 -6.2 -13.0 May 14, 2025 J-GAAP
Apr - Jun, 2025 1,089 20 10 -8 -0.4 1.8 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 824 192 229 167 8.7 23.3 Nov 13, 2025 J-GAAP
YoY -42.3% -55.7% -18.8% -0.6% +0.6%

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