Kusurinomadoguchi (5592) Q3 2025 earnings summary

Executive summary

• Achieved record-high quarterly revenue and operating profit, driven by strong performance in media and core system businesses, with operating profit reaching initial full-year targets a quarter early.

• Net income attributable to parent increased 117% year-over-year for the nine-month period, with EBITDA up 37%.

• Absorbed a wholly owned subsidiary in November, resulting in a large deferred tax benefit and boosting net profit.

• Strategic focus on expanding recurring (stock) revenue across all business lines.

Financial highlights

• Consolidated revenue for Q3 was ¥8,420 million, up 35% year-over-year; operating profit was ¥1,556 million, up 41%.

• Q3 alone saw revenue of ¥2,976 million (+49% YoY), operating profit of ¥606 million (+134% YoY), and net profit of ¥1,004 million (+430% YoY).

• EBITDA for the nine-month period reached ¥2,463 million (+37% YoY).

• Gross profit margin improved, with gross profit at ¥5,002 million (+40% YoY) and gross margin for the nine-month period at 59%.

• Operating margin for Q3 reached 20%.

Outlook and guidance

• Full-year guidance raised: revenue expected at ¥10,500 million (+20% YoY), operating profit at ¥1,800 million (+31% YoY), and net profit at ¥1,690 million (+94% YoY).

• Year-end dividend forecast increased from ¥15.40 to ¥22.63 per share.

• Medium-term plan targets ¥20 billion in recurring revenue and over ¥5 billion in operating profit by FY2030.