Nareru Group Inc. · TSE:9163
Nareru — FY2025 Earnings Presentation
21 slides from Nareru's earnings presentation, Dec 12, 2025
Slide 1: Fiscal Year Ended October 2025 Financial Results Briefing
Fiscal Year Ended October 2025 Financial Results Briefing Dec. 12, 2025 Nareru Group Inc. TSE Growth 9163 Note: This material has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the or
Slide 2: Executive Summary of Financial Results for FY2025
Executive Summary of Financial Results for FY2025 ⚫ Revenue increased due to steady growth in the number of total engineers and active engineers. ⚫ The review of the recruitment process and active investment in hiring have been successful, leading to a recovery in the number of new hires in the seco
Slide 3: FY2025 Financial Results
1 FY2025 Financial Results Nareru Group Inc. ・ TSE Growth：9163 © Nareru Group Inc. 2
Slide 4: Financial Results for FY2025
Financial Results for FY2025 • Revenue for Q4 (August to October) increased by 7.3% YoY due to an increase in the number of active engineers. On the other hand, operating profit decreased by 41.2% as growth investments, including hiring investments, were prioritized for future revenue base. • Full-y
Slide 5: Comparison of Operating Profit (Q4)
Comparison of Q4 FY2024 and Q4 FY2025 • Revenue for Q4 increased by 425 million yen (+7.3% YoY). The number of active engineers steadily increased, but the utilization ratio struggled to grow. • On the other hand, due to proactive investment in hiring, the number of engineers hired in Q4 exceeded th
Slide 6: Comparison of Operating Profit (Full Year)
[Reference] Comparison of FY2024 and FY2025 • Revenue increased by 2,550 million yen due to steady growth in the number of total engineers and active engineers. • On the other hand, due to increased personnel expenses from the rise in the number of total employees and proactive hiring investments, t
Slide 7: Trends in Quarterly Results
Trends in Quarterly Results • Quarterly revenue reached a record high, but gross profit and operating profit declined compared to the same period last fiscal year. Quarterly Revenue Quarterly GP/OP Millions of Yen Millions of Yen Average Growth Rate Gross Profit Operating Profit +4.1% 1,800 1,683 1,
Slide 8: Results by Segment
Results by Segment • Both the Construction and IT Solutions businesses achieved double -digit revenue growth, supported by an increase in the number of active engineers. • Revenue: Construction Solutions Business +11.9%, IT Solutions Business +11.2%. • Operating Profit: Construction Solutions Busine
Slide 9: Consolidated Financial Position
Consolidated Financial Position • Although dividends were paid and borrowings were repaid, cash and cash equivalents increased by approximately 300 million yen compared to the end of the previous fiscal year, bringing net interest- bearing debt close to zero. • Due to the increase in retained earnin
Slide 10: [Reference] About Goodwill
[Reference] About Goodwill • The Group's goodwill was primarily generated as a result of the acquisition of World Corporation shares in November 2019. • In accordance with IFRS, impairment tests are performed each fiscal year to compare the book value with the recoverable amount. • As of the end of
Slide 11: Consolidated Cash Flows
Consolidated Cash Flows • Cash flow from operating activities increased by 2.3 billion yen due to the increase in profit before tax. • Cash flow from investing activities decreased by 0.2 billion yen due to office expansion and training facility expansion. • Cash flow from financing activities decre
Slide 12: Trends in Major KPIs
2 FY2025 Trends in Major KPIs Nareru Group Inc. ・ TSE Growth：9163 © Nareru Group Inc. 11
Slide 13: Trends in Engineers and Utilization Ratio (World Corporation)
Trends in Engineers and Utilization Ratio (World Corporation) • The number of total engineers as of October 2025 was 3,687 (an increase of 448 from the previous fiscal year), and the number of active engineers was 3,248 (an increase of 190). • The average number of active engineers for the full fisc
Slide 14: Trend in Contract Unit Price (World Corporation)
Trend in Contract Unit Price (World Corporation) • Though the hiring of inexperienced engineers pushed down the contract unit price, due to contract price negotiations and the recovery of low unit price projects to regular contract unit prices, the contract unit price in Q4 increased. • The average
Slide 15: Trends in New Hires, Job Leavers and Turnover (World Corporation)
Trends in New Hires, Job Leavers and Turnover (World Corporation) • Following Q3, proactive hiring investment was effective, and hiring activities in Q4 progressed steadily. • The number of new hires in Q4 was 534 (an increase of 182 compared to the same period last fiscal year) , bringing the total
Slide 16: Trends in Engineers and Utilization Ratio (ATJC)
Trends in Engineers and Utilization Ratio (ATJC) • As of October 2025, the number of total engineers was 430 (an increase of 26 from the previous fiscal year), and the number of active engineers was 365 (an increase of 8 from the previous fiscal year). • The average number of active engineers for th
Slide 17: Trends in Contract Unit Prices (ATJC)
Trends in Contract Unit Prices (ATJC) • The average contract unit price for the full fiscal year was 524 thousand yen, an increase of 10 thousand yen from the previous fiscal year’s average. • Contract unit prices rose against the backdrop of acquiring upstream process projects in system development
Slide 18: Trends in New Hires, Resignations, and Resignation Rate (ATJC)
Trends in Number of Hires, Number of Resignations, and Resignation Rate (ATJC) • The total number of new hires for the full fiscal year is 161 (10 more than the previous fiscal year). • The turnover rate for FY2025 *1 was 23.6%, an increase of 1.3% compared to the previous fiscal year. Trends by Qua
Slide 19: Shareholder Returns
3 FY2025 Shareholder Returns Nareru Group Inc. ・ TSE Growth：9163 © Nareru Group Inc. 18
Slide 20: Shareholder Returns
Shareholder Returns • The year-end dividend for the fiscal year ending October 2025 is 60.00 yen as initially planned. • Together with the interim dividend of 55.00 yen, the annual dividend is 115.00 yen (an increase of 5.00 yen compared to the previous fiscal year). • The payout ratio based on basi
Slide 21: Disclaimer
Disclaimer This material has been prepared by Nareru Group Inc. (the “Company”) solely for information purpose only. This material does not constitute a solicitation of an offer to buy or sell securities in the United States, Japan, or any other jurisdiction. The information on companies other than