INES (9742) Q2 2025 earnings summary

Executive summary

• Net sales for the first half ended September 30, 2024, decreased 5.0% year-over-year to ¥18,631 million, with declines in both public and private sectors.

• Operating profit rose 2.4% year-over-year to ¥876 million, and profit attributable to owners of parent increased 13.5% to ¥537 million.

• The company is executing its 2026 Medium-term Management Plan, focusing on local government system standardization, next-generation solutions, and business foundation enhancement.

Financial highlights

• Gross profit for the first half was ¥4,004 million, down from ¥4,120 million year-over-year.

• Ordinary profit increased slightly to ¥898 million from ¥890 million year-over-year.

• Comprehensive income declined 9.0% year-over-year to ¥557 million.

• Total assets as of September 30, 2024, were ¥52,366 million, down from ¥54,427 million at the previous fiscal year-end.

• Net assets increased to ¥37,850 million from ¥37,790 million as of March 31, 2024.

Outlook and guidance

• Full-year net sales forecast remains at ¥44,000 million, up 8.5% year-over-year.

• Operating profit for the full year is projected at ¥4,000 million, up 39.0% year-over-year.

• Profit attributable to owners of parent is forecast at ¥2,700 million, up 50.3% year-over-year.

• Annual dividend forecast is ¥55 per share, with a second quarter-end dividend of ¥25 per share.