Extreme (6033) Q2 2025 earnings summary

Executive summary

• H1 FY2025 revenue rose 15.7% YoY to ¥5,597m and operating income rose 26.8% to ¥819m; ordinary income and net income declined amid foreign-exchange losses.

• Full-year guidance was raised after LOLLIPOP CHAINSAW RePOP sales exceeded plan, while the Digital Human Resources outlook was reduced amid a weaker-than-expected game market.

Financial highlights

• H1 ordinary income fell 10.0% YoY to ¥799m and net income fell 7.6% to ¥535m; EPS was ¥98.31, down from ¥105.40.

• Gross profit was ¥1,742m, up from ¥1,483m; comprehensive income fell 25.0% to ¥498m.

• Q2 revenue was ¥3,217m, up 35.2% QoQ, and operating income was ¥561m, up 118.2%.

• At September 30, total assets were ¥8,013m, cash was ¥3,577m, and net assets were ¥5,676m; cash and cash equivalents were ¥3,024m.

Outlook and guidance

• FY2025 revenue guidance rose to ¥11,650m from ¥11,000m; operating income to ¥1,500m from ¥1,000m; ordinary income to ¥1,600m from ¥1,050m; and net income to ¥1,080m from ¥710m.

• Revised guidance implies 14.0% revenue growth, 36.7% operating profit growth, a 12.8% operating margin, and EPS of ¥199.63.

• Segment revenue plans: Digital Human Resources ¥7,000m, 95.6% of prior plan; Contract Development ¥3,500m, 100.7%; Content Property ¥1,500m, 203.5%.

• The revision reflects stronger-than-planned RePOP sales and a reduced Digital Human Resources forecast; Contract Development remains near its initial plan.