Ines CorporationTSE: 9742

Consolidated Financial Results for the Nine Months Ended December 31, 2025(PDF:117KB)

· Issued by INES Corporation

Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

January 30, 2026

Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Japanese standard)

Company name: INES Corporation Listing: Tokyo Stock Exchange Securities code: 9742

URL: https://www.ines.co.jp/en/

Representative: Shuji Hattori, President and Representative Director

Contacts: Satoshi Numazaki, General Manager, Corporate Staff Division Tel: +81-3-6775-4401

Scheduled date to commence dividend payments: -Preparation of supplementary material on financial results: No Holding of financial results briefing: No

(Yen amounts are rounded down to millions, unless otherwise noted.)

  1. Consolidated financial results for the nine months ended December 31, 2025 (April 1, 2025 to December 31, 2025)
    1. Consolidated operating results (cumulative) (Figures in percentages denote year-on-year changes.)

      Net sales

      Operating profit

      Ordinary profit

      Profit attributable to owners of parent

      Nine months ended December 31, 2025

      December 31, 2024

      Millions of yen

      25,212

      28,143

      %

      (10.4)

      (3.0)

      Millions of yen

      (734)

      1,539

      %

      -31.8

      Millions of yen

      (564)

      1,595

      %

      -27.9

      Millions of yen

      (465)

      998

      %

      -40.8

      Note: Comprehensive income

      For the nine months ended December 31, 2025:

      ¥(299) million

      [-%]

      For the nine months ended December 31, 2024:

      ¥1,109 million

      [23.7%]

      Profit per share

      Fully diluted profit per share

      Nine months ended December 31, 2025

      December 31, 2024

      Yen

      (22.36)

      48.00

      Yen

      -

      -

    2. Consolidated financial position

    Total assets

    Net assets

    Equity ratio

    As of

    December 31, 2025

    March 31, 2025

    Millions of yen

    49,556

    56,727

    Millions of yen

    37,769

    39,192

    %

    76.2

    69.1

    Reference: Shareholders' equity

    As of December 31, 2025: ¥37,769 million As of March 31, 2025: ¥39,192 million

  2. Dividends

    Dividends per share

    End of Q1

    End of Q2

    End of Q3

    Fiscal year end

    Annual

    Yen

    -

    -

    Yen

    Yen

    -

    -

    Yen

    Yen

    Fiscal year ended March 31, 2025

    25.00

    30.00

    55.00

    Fiscal year ending March 31, 2026

    25.00

    Fiscal year ending March 31, 2026 (Forecast)

    30.00

    55.00

    Note: Revisions to the forecast of cash dividends most recently announced: No

  3. Forecasts for consolidated financial results for the fiscal year ending March 31, 2026 (April 1, 2025 to March 31, 2026)

(Figures in percentages denote year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Profit per share

Full year

Millions of yen

39,000

%

(3.9)

Millions of yen

1,400

%

(60.4)

Millions of yen

1,500

%

(58.4)

Millions of yen

1,000

%

(59.0)

Yen

48.05

Note: Revisions to the earnings forecasts most recently announced: No

* Notes
  1. Significant changes in the scope of consolidation during the period: No

  2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes

  3. Changes in accounting policies, changes in accounting estimates, and restatement

    1. Changes in accounting policies associated with the revision of accounting standards, etc.: No

    2. Changes in accounting policies other than (i): No

    3. Changes in accounting estimates: No

    4. Restatement: No

  4. Number of issued shares (common shares)

    1. Total number of issued shares at the end of the period (including treasury shares)

      As of December 31, 2025

      20,900,000 shares

      As of March 31, 2025

      20,900,000 shares

    2. Number of treasury shares at the end of the period

      As of December 31, 2025

      87,163 shares

      As of March 31, 2025

      99,687 shares

    3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Nine months ended December 31, 2025

20,810,551 shares

Nine months ended December 31, 2024

20,802,982 shares

  • Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or audit corporations: No

  • Explanation regarding the proper use of results forecasts and other important notes (Disclaimer regarding forward-looking statements)

Forward-looking statements such as results forecasts provided in this document are prepared based on currently available information and assumptions that are deemed reasonable, but the Company does not intend to guarantee their achievement. Actual results may differ significantly from the above forecasts for various reasons.

INES Corporation (9742)

Quarterly consolidated financial statements (1) Quarterly consolidated balance sheets

Assets

(Millions of yen) As of March 31, 2025 As of December 31, 2025

Current assets

Cash and deposits 8,205 8,860

Notes and accounts receivable - trade, and contract

assets

15,473

7,582

Securities

-

1,124

Work in process

399

969

Raw materials and supplies

55

46

Prepaid expenses

505

563

Other

139

292

Allowance for doubtful accounts

(15)

(8)

Total current assets

24,764

19,431

Non-current assets

Property, plant and equipment

Buildings and structures

5,951

6,028

Accumulated depreciation

(665)

(875)

Buildings and structures, net

5,286

5,152

Tools, furniture and fixtures

4,020

4,058

Accumulated depreciation

(2,951)

(3,171)

Tools, furniture and fixtures, net

1,068

887

Land

5,299

5,299

Total property, plant and equipment

11,654

11,339

Intangible assets

Software

3,216

4,382

Other

22

22

Total intangible assets

3,238

4,405

Investments and other assets

Investment securities

11,836

8,894

Long-term prepaid expenses

503

371

Deferred tax assets

3,514

3,979

Other

1,215

1,134

Total investments and other assets

17,069

14,379

Total non-current assets

31,963

30,125

Total assets

56,727

49,556

INES Corporation (9742)

Liabilities

(Millions of yen) As of March 31, 2025 As of December 31, 2025

Current liabilities

Accounts payable - trade

2,639

1,563

Short-term borrowings

3,000

-

Current portion of long-term borrowings

833

833

Accrued expenses

960

891

Income taxes payable

253

303

Accrued consumption taxes

571

100

Advances received

136

194

Provision for bonuses

925

393

Provision for bonuses for directors (and other

officers)

107

85

Provision for loss on orders received

-

31

Asset retirement obligations

10

8

Other

526

932

Total current liabilities

9,965

5,336

Non-current liabilities

Long-term borrowings 3,749 3,124

Provision for retirement benefits for directors (and

other officers)

35

22

Retirement benefit liability

2,866

2,390

Asset retirement obligations

146

143

Other

772

770

Total non-current liabilities

7,569

6,450

Total liabilities

17,535

11,787

Net assets

Shareholders' equity

Share capital

15,000

15,000

Capital surplus

10,102

10,108

Retained earnings

13,835

12,225

Treasury shares

(120)

(106)

Total shareholders' equity

38,816

37,227

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

153

301

Remeasurements of defined benefit plans

222

239

Total accumulated other comprehensive income

375

541

Total net assets

39,192

37,769

Total liabilities and net assets

56,727

49,556

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