Ines Corporation cuts dividends, revises forecasts amid revenue slump

Ines Corporation reported a consolidated net loss of 601 million yen for the six months ended September 30, 2025, a significant decline from a profit of 537 million yen in the same period last year. Net sales decreased by 11.5% to 16,486 million yen, primarily due to an 18.1% reduction in the public sector and a 6.1% decrease in the private sector. This performance led to an operating loss of 920 million yen and an ordinary loss of 801 million yen.

Due to the weak first-half results, Ines Corporation has revised its full-year consolidated financial forecasts for the fiscal year ending March 31, 2026. Net sales are now projected at 39,000 million yen (down from 43,000 million yen), operating profit at 1,400 million yen (down from 4,000 million yen), and profit attributable to owners of parent at 1,000 million yen (down from 2,800 million yen). These revisions reflect factors such as delays in standardization initiatives and revised transition methods for local government information systems.

In line with the updated earnings forecasts, the company has lowered its annual dividend forecast for the fiscal year ending March 31, 2026, from 60 yen to 55 yen per share, matching the previous year’s total. The interim dividend has been confirmed at 25 yen per share, with a year-end dividend forecast of 30 yen per share.