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STARTS CORP, First Half Ordinary Profit Increases by 11%, Jul-Sep Ordinary Profit Increases by 30%

Mon Nov 10, 2025 3:00 pm JST Earnings

8850 STARTS CORPORATION INC. 【J-GAAP】

Earnings Report

STARTS CORPORATION INC. <8850> [TSE Prime] announced its financial results in the afternoon session on November 10th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 11.4% from the same period last year, reaching 16.5 billion yen. Progress toward the full-year plan of 34.5 billion yen was 48.0%, exceeding the five-year average of 43.6%.

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 decrease 3.2% from the same period last year to 17.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 30.1% from the same period last year, reaching 8.35 billion yen. However, the operating profit margin decreased from 14.3% in the same period last year to 13.0%.

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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 104,983 12,662 14,583 9,517 191.6 43.7 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 108,851 15,071 14,857 12,027 242.1 44.5 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 118,584 16,019 16,549 10,836 225.0 48.0 Nov 10, 2025 J-GAAP
YoY +8.9% +6.3% +11.4% -9.9% -7.1%

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 122,500 15,700 15,700 10,600 220.0 65 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 118,584 16,019 16,549 10,836 225.0 65 Nov 10, 2025 J-GAAP
Revision Rate -3.2% +2.0% +5.4% +2.2% +2.2%

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 124,127 17,551 18,547 12,247 248.3 65 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 131,416 18,981 17,951 12,664 262.9 65 Nov 10, 2025 J-GAAP
YoY +5.9% +8.1% -3.2% +3.4% +5.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 233,408 30,498 33,396 22,095 444.8 105 May 10, 2024 J-GAAP
Mar, 2025 232,978 32,622 33,404 24,274 492.2 120 May 12, 2025 J-GAAP
Mar, 2026 Guidance 250,000 35,000 34,500 23,500 487.8 130 May 12, 2025 J-GAAP
YoY +7.3% +7.3% +3.3% -3.2% -0.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 54,808 7,831 6,423 4,113 82.8 14.3 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 58,728 8,468 9,969 6,211 125.0 14.4 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 65,399 9,083 8,578 6,036 122.4 13.9 May 12, 2025 J-GAAP
Apr - Jun, 2025 59,415 8,345 8,192 5,126 106.4 14.0 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 59,169 7,674 8,357 5,710 118.5 13.0 Nov 10, 2025 J-GAAP
YoY +8.0% -2.0% +30.1% +38.8% +43.1%

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