BIPROGY (8056) Q3 2025 earnings summary

Executive summary

• 9M revenue rose 7.9% YoY to ¥279,265 million on strong IT investment demand and growth in services and product sales; operating profit increased 4.3% to ¥25,166 million.

• Orders rose 12.1% to ¥281.6B and backlog increased 9.8% to ¥292.2B, including ¥86.6B scheduled for current-FY revenue, up 10.1%.

Financial highlights

• 9M gross profit increased 5.8% to ¥72,655 million; SG&A rose 7.5% to ¥48.4B, including higher internal-system and personnel costs.

• Adjusted operating profit grew 2.7% to ¥24,288 million; profit attributable to owners of parent fell 3.9% to ¥17,456 million, mainly due to higher taxes.

• Q3 revenue rose 8.5% YoY to ¥93.2B and gross profit to ¥24.0B, while operating profit fell 3.7% to ¥7.2B as SG&A increased and other income declined.

• Basic EPS for the period was ¥176.11, down from ¥180.63 a year earlier.

Outlook and guidance

• FYMar2025 revenue forecast increased to ¥395.0B, up 6.7% YoY and 2.6% from the previous forecast.

• Forecast operating profit remains ¥35.5B, up 6.6% YoY, with a 9.0% margin; adjusted operating profit is ¥35.0B, up 3.5%, with an 8.9% margin.

• Forecast profit attributable to owners of parent is ¥24.5B, down 3.0% YoY; full-year EPS is projected at ¥243.72.

• Annual dividend guidance remains ¥100 per share, with a forecast payout ratio of 41.0%.