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

Tue Dec 9, 2025 3:40 pm JST Earnings

7435 NADEX CO., LTD. 【J-GAAP】

Earnings Report

NADEX CO., LTD. <7435> [TSE Std] announced its financial results after the market closed on December 9th (15:40). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending April 2026 (May to October) turned into a profit of 0.46 billion yen (compared to a loss of 0.02 billion yen in the same period last year).

However, the full-year forecast for consolidated ordinary profit has decreased 15.8%, from the previous forecast of 1.90 billion yen to 1.60 billion yen (compared to 0.89 billion yen in the previous period), leading to a reduction in the profit growth rate from 2.1 times to 79.0%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the November to April period (second half) is expected to grow 23.1% from the same period last year, reaching 1.13 billion yen.

In the most recent three-month period, from August to October (2Q), the consolidated ordinary profit surged 4.7 times that of the same period last year, reaching 0.47 billion yen. The operating profit margin significantly improved from 0.7% in the same period last year to 4.8%.

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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
May - Oct, 2023 16,110 346 471 311 33.8 38.8 Dec 7, 2023 J-GAAP
May - Oct, 2024 16,537 -96 -27 -391 -46.2 ー Feb 14, 2025 J-GAAP
May - Oct, 2025 16,849 355 466 108 13.3 29.1 Dec 9, 2025 J-GAAP
YoY +1.9% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2025 Guidance 20,800 390 450 80 9.8 11 Jun 13, 2025 J-GAAP
May - Oct, 2025 Results 16,849 355 466 108 13.3 11 Dec 9, 2025 J-GAAP
Revision Rate -19.0% -9.0% +3.6% +35.0% +34.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2026 Prev 43,000 1,600 1,900 850 104.5 31 Jun 13, 2025 J-GAAP
Apr, 2026 New 38,000 1,400 1,600 650 79.9 31 Dec 9, 2025 J-GAAP
Revision Rate -11.6% -12.5% -15.8% -23.5% -23.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2024 20,353 858 921 642 76.4 22 Jun 13, 2025 J-GAAP
Nov - Apr, 2025 Guidance 21,151 1,045 1,134 542 66.6 20 Dec 9, 2025 J-GAAP
YoY +3.9% +21.8% +23.1% -15.6% -12.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2024 34,388 961 1,215 813 90.2 35 Jun 11, 2024 J-GAAP
Apr, 2025 36,890 762 894 251 29.9 33 Jun 13, 2025 J-GAAP
Apr, 2026 Guidance 38,000 1,400 1,600 650 79.9 31 Dec 9, 2025 J-GAAP
YoY +3.0% +83.7% +79.0% +159.0% +167.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2024 9,395 65 102 -222 -26.2 0.7 Feb 14, 2025 J-GAAP
Nov - Jan, 2024 9,447 276 291 127 15.0 2.9 Mar 14, 2025 J-GAAP
Feb - Apr, 2025 10,906 582 630 515 61.3 5.3 Jun 13, 2025 J-GAAP
May - Jul, 2025 7,760 -82 -11 -129 -15.6 -1.1 Sep 9, 2025 J-GAAP
Aug - Oct, 2025 9,089 437 477 237 29.1 4.8 Dec 9, 2025 J-GAAP
YoY -3.3% +572.3% +367.6% － －

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