BEENOS (3328) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 FY2025 was 9,565 million yen, down 40.5% year-over-year, mainly due to the prior year including the Value Cycle business, which has since been transferred.

• Operating income rose 156.3% year-over-year to 1,724 million yen, and net income attributable to owners of the parent increased 269.6% to 847 million yen.

• GMV for the group totaled 57,607 million yen, down 2.1% year-over-year, with strong growth in Global Commerce and Entertainment segments offset by the absence of Value Cycle.

Financial highlights

• Gross profit for Q2 FY2025 was 5,638 million yen, down from 6,520 million yen year-over-year.

• Ordinary income increased 95.4% year-over-year to 1,269 million yen.

• Comprehensive income for Q2 FY2025 was 924 million yen, up 140.2% year-over-year.

• Net assets increased to 14,984 million yen, up 553 million yen from the previous fiscal year-end.

• Cash and cash equivalents at the end of Q2 FY2025 were 17,546 million yen, up from 12,578 million yen year-over-year.

Outlook and guidance

• FY2025 full-year guidance maintained: net sales of 18,390 million yen (+27.7% YoY), operating income of 2,840 million yen (+18.3% YoY), and net income attributable to owners of the parent of 1,850 million yen (+36.9% YoY).

• Management will continue to monitor the impact of tariff policies and exchange rate fluctuations.