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BUSINESS BRAIN SHOWAOTA, Jul-Sep (2Q) Net Income Decreases by 15%

Mon Nov 10, 2025 4:00 pm JST Earnings

9658 BUSINESS BRAIN SHOWAOTA INC. 【IFRS】

Earnings Report

BUSINESS BRAIN SHOWAOTA INC. <9658> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 10th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 23.9% from the same period last year, reaching 1.22 billion yen, exceeded the previous forecast of 1.06 billion yen.

However, Progress toward the full-year plan of 2.56 billion yen was 48.0%, also falling below the five-year average of 52.3%.

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 decrease 9.9% from the same period last year to 1.33 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 0.67 billion yen, a 15.4% decrease compared to the same period last year. The operating profit margin worsened from 9.2% in the same period last year to 8.1%.

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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 16,988 19,519 19,281 13,138 379.8 93.7 Oct 31, 2023 IFRS
Apr - Sep, 2024 18,064 1,176 1,390 992 28.5 41.5 Nov 8, 2024 IFRS
Apr - Sep, 2025 20,410 1,490 1,975 1,229 37.9 49.7 Nov 10, 2025 IFRS
YoY +13.0% +26.7% +42.1% +23.9% +32.8%

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 20,658 1,430 1,710 1,065 33.0 22.17 Oct 31, 2025 IFRS
Apr - Sep, 2025 Results 20,410 1,490 1,975 1,229 37.9 22.17 Nov 10, 2025 IFRS
Revision Rate -1.2% +4.2% +15.5% +15.4% +14.8%

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 20,740 1,696 1,962 1,477 42.8 13.67 May 13, 2025 IFRS
Oct - Mar, 2025 Guidance 22,190 1,810 1,995 1,331 41.0 22.16 Nov 10, 2025 IFRS
YoY +7.0% +6.7% +1.7% -9.9% -4.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 34,218 20,690 20,574 14,141 408.0 25 May 8, 2024 IFRS
Mar, 2025 38,804 2,872 3,352 2,469 71.5 26 May 13, 2025 IFRS
Mar, 2026 Guidance 42,600 3,300 3,970 2,560 78.9 44.33 Oct 31, 2025 IFRS
YoY +9.8% +14.9% +18.4% +3.7% +10.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 9,327 857 951 801 23.0 9.2 Nov 8, 2024 IFRS
Oct - Dec, 2024 10,227 1,023 1,171 966 27.7 10.0 Feb 13, 2025 IFRS
Jan - Mar, 2025 10,513 673 791 511 14.8 6.4 May 13, 2025 IFRS
Apr - Jun, 2025 10,052 655 974 551 17.0 6.5 Aug 13, 2025 IFRS
Jul - Sep, 2025 10,358 835 1,001 678 20.9 8.1 Nov 10, 2025 IFRS
YoY +11.1% -2.6% +5.3% -15.4% -9.3%

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