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VT HOLDINGS, First Half Net Income Unexpectedly Revised Upward by 14%

Fri Nov 14, 2025 4:00 pm JST Earnings

7593 VT HOLDINGS CO.,LTD. 【IFRS】

Earnings Report

VT HOLDINGS CO.,LTD. <7593> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 14th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 13.6% from the same period last year, reaching 3.66 billion yen, resulting in an increase in profits compared to the previous forecast of a 7.0% decrease.

However, Progress toward the full-year plan of 7.00 billion yen was 52.4%, it was below the five-year average of 55.8%.

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 October to March period (second half) is expected to expand 60.7% from the same period last year, reaching 3.33 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased 34.9% from the same period last year, reaching 2.30 billion yen. The operating profit margin remained almost flat, changing from 4.0% in the same period last year to 4.1%.

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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 145,047 5,729 5,718 3,324 28.4 49.9 Nov 14, 2023 IFRS
Apr - Sep, 2024 170,184 6,441 5,901 3,227 26.7 60.6 Nov 12, 2024 IFRS
Apr - Sep, 2025 184,124 6,777 6,442 3,666 30.6 56.0 Nov 14, 2025 IFRS
YoY +8.2% +5.2% +9.2% +13.6% +14.6%

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 174,000 5,700 5,000 3,000 25.8 12 May 15, 2025 IFRS
Apr - Sep, 2025 Results 184,124 6,777 6,442 3,666 30.6 12 Nov 14, 2025 IFRS
Revision Rate +5.8% +18.9% +28.8% +22.2% +18.6%

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 181,446 4,418 3,831 2,075 17.2 12 May 15, 2025 IFRS
Oct - Mar, 2025 Guidance 185,876 6,223 5,058 3,334 28.7 12 Nov 14, 2025 IFRS
YoY +2.4% +40.9% +32.0% +60.7% +67.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 311,604 12,008 11,458 6,697 56.9 24 May 15, 2024 IFRS
Mar, 2025 351,630 10,859 9,732 5,302 43.8 24 May 15, 2025 IFRS
Mar, 2026 Guidance 370,000 13,000 11,500 7,000 60.2 24 May 15, 2025 IFRS
YoY +5.2% +19.7% +18.2% +32.0% +37.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 85,370 3,454 3,025 1,711 14.2 4.0 Nov 12, 2024 IFRS
Oct - Dec, 2024 87,470 2,690 2,514 1,521 12.6 3.1 Feb 12, 2025 IFRS
Jan - Mar, 2025 93,976 1,728 1,317 554 4.6 1.8 May 15, 2025 IFRS
Apr - Jun, 2025 90,640 2,909 2,602 1,358 11.2 3.2 Aug 12, 2025 IFRS
Jul - Sep, 2025 93,484 3,868 3,840 2,308 19.3 4.1 Nov 14, 2025 IFRS
YoY +9.5% +12.0% +26.9% +34.9% +36.1%

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