M3 reports strong first-half growth, continues share repurchase program

M3 reported a significant increase in its consolidated operating results for the first half ended September 30, 2025. Revenue climbed to JPY170,885 million, a 36.9% year-on-year rise. Operating profit reached JPY35,992 million (up 24.2%), profit before tax was JPY36,681 million (up 26.2%), and profit for the period totaled JPY25,320 million (up 29.3%). Diluted earnings per share increased to JPY33.46 from JPY25.40 in the prior-year period. Total assets expanded to JPY612,393 million as of September 30, 2025, with total equity at JPY423,735 million.

The company also provided an update on its share repurchase program for the period from October 1 to October 31, 2025. M3 repurchased 196,000 shares of common stock for a total of JPY437,361,450. This is part of a larger resolution approved on May 2, 2025, authorizing the repurchase of up to 20 million shares or JPY20 billion. As of October 31, 2025, 1,450,700 shares or JPY2,948,208,700 have been repurchased cumulatively under this resolution.

For the full fiscal year ending March 31, 2026, M3 forecasts continued growth, with revenue projected at JPY360,000 million (up 26.4%), operating profit at JPY70,000 million (up 11.2%), and profit before tax at JPY70,000 million (up 8.1%). The forecast for basic earnings per share is JPY66.27. The dividend forecast for the fiscal year ending March 31, 2026, remains undetermined, pending evaluation of capital needs and cash flow conditions.