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NOVARESE, Jan-Sep (Cumulative 3Q) Net Income Turns to Profit, Jul-Sep Net Income Loss Narrows

Fri Nov 14, 2025 3:30 pm JST Earnings

9160 NOVARESE,Inc. 【IFRS】

Earnings Report

NOVARESE,Inc. <9160> [TSE Std] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending December 2025 (January to September) turned into a profit of 0.07 billion yen (compared to a loss of 0.25 billion yen in the same period last year). Progress toward the full-year plan of 1.00 billion yen was 7.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to grow 1.2% from the same period last year, reaching 0.92 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net loss improved to a deficit of 0.13 billion yen (compared to a loss of 0.23 billion yen in the same period last year). The operating profit/loss margin significantly improved from -5.1% in the same period last year to -1.8%.

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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 12,158 104 -126 -91 -3.7 ー Nov 14, 2023 IFRS
Jan - Sep, 2024 12,550 -96 -384 -255 -10.2 ー Nov 14, 2024 IFRS
Jan - Sep, 2025 14,181 408 88 79 3.2 5.9 Nov 14, 2025 IFRS
YoY +13.0% － － － －

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 10,828 1,226 1,001 683 27.4 0 Feb 14, 2025 IFRS
Jul - Dec, 2025 Guidance 10,802 1,388 1,225 792 31.6 0 Aug 14, 2025 IFRS
YoY -0.2% +13.2% +22.4% +16.0% +15.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 18,265 1,539 1,230 942 37.7 0 Feb 14, 2024 IFRS
Dec, 2024 19,299 1,337 975 663 26.6 0 Feb 14, 2025 IFRS
Dec, 2025 Guidance 20,505 1,878 1,504 1,008 40.2 0 Feb 14, 2025 IFRS
YoY +6.2% +40.5% +54.3% +52.0% +51.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 4,079 -207 -358 -235 -9.4 -5.1 Nov 14, 2024 IFRS
Oct - Dec, 2024 6,749 1,433 1,359 918 36.8 21.2 Feb 14, 2025 IFRS
Jan - Mar, 2025 4,159 -155 -243 -121 -4.8 -3.7 May 15, 2025 IFRS
Apr - Jun, 2025 5,544 645 522 337 13.5 11.6 Aug 14, 2025 IFRS
Jul - Sep, 2025 4,478 -82 -191 -137 -5.5 -1.8 Nov 14, 2025 IFRS
YoY +9.8% +60.4% +46.6% +41.7% +41.6%

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