JBCC Holdings (9889) Q3 2025 earnings summary

Executive summary

• Achieved record-high results for Q3, with significant year-over-year growth in revenue and profits, all profit metrics up over 35% compared to the same period last year.

• Cloud and security businesses drove revenue and profit growth, with large-scale deals and increased recurring business.

• Launched a new three-year mid-term plan focusing on cloud, security, and rapid development, aiming for sustainable growth and high profitability.

• On track to surpass previous record profits, continuing the momentum from the first half.

Financial highlights

• 3Q cumulative revenue: ¥52,393 million (+6.3% YoY); operating profit: ¥4,706 million (+36.6% YoY); net profit attributable to shareholders: ¥3,373 million (+35.1% YoY).

• Operating margin improved to 9.0% (up 2.0pts YoY); gross margin for 3Q cumulative: 29.5% (-0.4pts YoY).

• EPS for Q3 YTD was ¥217.51, up from ¥158.84 year-over-year.

• Progress rates for full-year forecasts: revenue 78.8%, operating profit 81.2%, net profit 82.3%.

• Equity ratio improved to 59.8% from 56.9% at prior year-end; total assets increased to ¥38,785 million.

Outlook and guidance

• Full-year results expected to exceed previously announced guidance, with continued strong performance anticipated in Q4.

• Full-year revenue forecast is ¥66,500 million (+2.0% YoY), operating income ¥5,800 million (+31.1%), ordinary income ¥5,900 million (+29.7%), and net income ¥4,100 million (+28.6%).

• No changes to previously announced full-year guidance.

• Ongoing transformation to a business model with higher operating margins and lower SG&A ratios.