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Earnings presentation4490VisasQ Inc.Information and Communications, Services and Others

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending February 2027

For the six months ended Q2 of FY2026, operating revenue, adjusted EBITDA and net income exceeded the year-earlier period, while progress toward the full-year forecast for operating revenue and profit was also ahead of expectations. Domestic corporate customers and consulting and financial services for domestic customers grew, whereas business profit from consulting and financial services for overseas customers declined.

Worth reading
84Important
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
16.1
Year-on-year change in operating revenue (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ending February 2027, second quarter9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,563 million+16.1%
Operating profit¥848 million+70.2%
Ordinary income¥850 million+68.4%
Net income¥489 million+169.2%
Results for the three months of the current quarter
Operating revenue
¥2,798 million+18.4%
Adjusted EBITDA
¥383 million+118.4%
Operating profit
¥425 million+95.7%
Ordinary income
¥428 million+107.0%
Net income
¥263 million+166.8%
Full-year earnings forecast
Transaction volume
¥15,989 million
Operating revenue
¥10,972 million
Adjusted EBITDA
¥1,215 million
Operating profit
¥1,400 million
Ordinary income
¥1,405 million
Net income
¥750 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Transaction volume50%
Operating revenue51%
Adjusted EBITDA62%
Operating profit61%
Ordinary income61%
Net income65%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress exceeded expectations. However, consulting and financial services for overseas customers fell short of expectations, while the priority areas progressed steadily.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Adjusted EBITDAOperating profit: ¥848 million; stock-based compensation expense and depreciation: ¥31 million; impairment loss related to software development costs for Coleman: ¥123 million; adjusted EBITDA: ¥756 million
Net income for the current fiscal yearNon-operating income: ¥38 million; non-operating expenses: ¥36 million; extraordinary gains: ¥29 million; extraordinary losses: ¥128 million; income taxes and other taxes: ¥263 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rateForecast exchange rate: ¥150; actual: approximately ¥158
Domestic business corporations
Transaction Volume Growth Rate+10%
Business profit marginAround 20%
Consulting and finance (domestic clients)
Transaction Volume Growth Rate+15%
Business profit marginAround 36%
Consulting and finance (overseas clients)
Transaction Volume Growth Rate+5%
Business profit marginAround 15%
New initiatives
  • Launch of the research AI product "VisasQ Compass"
  • Provision of the Future Forecast Map
  • Improvement and expansion of the AI interview function
  • Use of AI Scout
  • Preparations to establish a Vietnamese local subsidiary
  • Opening of the first South American location
  • Strengthening recruitment of specialists for domestic corporate customers
  • Expansion of the Tokyo office
Key KPIsA metric the company considers important as a management benchmark.
  • Consolidated transaction volume growth rate+14%
    Year on year against the same period last year+14%
  • Number of matches for domestic expert interviews (full-service model)+5%
    Year on year against the same period last year+5%
  • Number of matches for overseas expert interviews (full-support model)+45%
    Year on year against the same period last year+45%
  • Growth rate in operating revenue from new products and services for domestic business corporations+50%
    Year on year against the same period last year+50%
Segment results
  • Domestic business corporations
    Transaction volume¥2,651 million (YoY +20.1%)
    Business profit¥663 million (YoY +46.1%)
  • Consulting and finance (domestic clients)
    Transaction volume¥2,376 million (YoY +25.4%)
    Business profit¥911 million (YoY +33.9%)
  • Consulting and finance (overseas clients)
    Transaction volume¥2,998 million (YoY +2.4%)
    Business profit¥442 million (YoY -16.4%)
Market Size / Share
Domestic business consulting market2024: ¥798.7 billion; 2029: ¥1.2832 trillion; CAGR +9.9%
Global consulting market2025: US$511 billion; 2034: US$897 billion; CAGR +6.5%
Domestic Corporate MarketResearch: ¥3.7 trillion; consulting: more than ¥1 trillion; portion of labor costs: ¥200 trillion; recruitment: ¥1 trillion
Number of stores and locations
Opened the first South American location in August. A Vietnamese local subsidiary is scheduled to be established by the end of 2026. Other period-end store and location counts, and store openings and closures: Not disclosed
Number of employees
Number of EmployeesGroup employees: 639 (at the end of August 2026)
Average headcount during the periodFY2026 Q2: 633 employees
Hiring planContinue actively recruiting for required positions
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFiscal year ending February 2027, second quarter
Net Sales¥5,563 million (YoY +16.1%)
Operating profit¥848 million (YoY +70.2%)
Ordinary income¥850 million (YoY +68.4%)
Net income¥489 million (YoY +169.2%)
Results for the three months of the current quarterOperating revenue ¥2,798 million (YoY +18.4%) / Adjusted EBITDA ¥383 million (YoY +118.4%) / Operating profit ¥425 million (YoY +95.7%) / Ordinary income ¥428 million (YoY +107.0%) / Net income ¥263 million (YoY +166.8%)
Full-year earnings forecastTransaction volume ¥15,989 million / Operating revenue ¥10,972 million / Adjusted EBITDA ¥1,215 million / Operating profit ¥1,400 million / Ordinary income ¥1,405 million / Net income ¥750 million
Progress against full-year forecastTransaction volume 50% / Operating revenue 51% / Adjusted EBITDA 62% / Operating profit 61% / Ordinary income 61% / Net income 65%
Self-assessment against the planProgress exceeded expectations. However, consulting and financial services for overseas customers fell short of expectations, while the priority areas progressed steadily.
Segment resultsSegment Domestic business corporations / Transaction volume ¥2,651 million (YoY +20.1%) / Business profit ¥663 million (YoY +46.1%), Segment Consulting and finance (domestic clients) / Transaction volume ¥2,376 million (YoY +25.4%) / Business profit ¥911 million (YoY +33.9%), Segment Consulting and finance (overseas clients) / Transaction volume ¥2,998 million (YoY +2.4%) / Business profit ¥442 million (YoY -16.4%)
Breakdown of Factors Affecting the ChangeAdjusted EBITDA Operating profit: ¥848 million; stock-based compensation expense and depreciation: ¥31 million; impairment loss related to software development costs for Coleman: ¥123 million; adjusted EBITDA: ¥756 million / Net income for the current fiscal year Non-operating income: ¥38 million; non-operating expenses: ¥36 million; extraordinary gains: ¥29 million; extraordinary losses: ¥128 million; income taxes and other taxes: ¥263 million
Key KPIsIndicator Consolidated transaction volume growth rate / Value +14% / Year on year against the same period last year +14%, Indicator Number of matches for domestic expert interviews (full-service model) / Value +5% / Year on year against the same period last year +5%, Indicator Number of matches for overseas expert interviews (full-support model) / Value +45% / Year on year against the same period last year +45%, Indicator Growth rate in operating revenue from new products and services for domestic business corporations / Value +50% / Year on year against the same period last year +50%
Number of stores and locationsOpened the first South American location in August. A Vietnamese local subsidiary is scheduled to be established by the end of 2026. Other period-end store and location counts, and store openings and closures: Not disclosed
Number of employeesNumber of Employees Group employees: 639 (at the end of August 2026) / Average headcount during the period FY2026 Q2: 633 employees / Hiring plan Continue actively recruiting for required positions
Assumptions Underlying the Business OutlookExchange rate Forecast exchange rate: ¥150; actual: approximately ¥158 / Domestic business corporations Transaction Volume Growth Rate +10% / Business profit margin Around 20% / Consulting and finance (domestic clients) Transaction Volume Growth Rate +15% / Business profit margin Around 36% / Consulting and finance (overseas clients) Transaction Volume Growth Rate +5% / Business profit margin Around 15%
Market Size / ShareDomestic business consulting market 2024: ¥798.7 billion; 2029: ¥1.2832 trillion; CAGR +9.9% / Global consulting market 2025: US$511 billion; 2034: US$897 billion; CAGR +6.5% / Domestic Corporate Market Research: ¥3.7 trillion; consulting: more than ¥1 trillion; portion of labor costs: ¥200 trillion; recruitment: ¥1 trillion
New initiativesLaunch of the research AI product "VisasQ Compass", Provision of the Future Forecast Map, Improvement and expansion of the AI interview function, Use of AI Scout, Preparations to establish a Vietnamese local subsidiary, Opening of the first South American location, Strengthening recruitment of specialists for domestic corporate customers, Expansion of the Tokyo office
Items this document does not state (13)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesUnit price and quantity metricsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Transaction volume and operating revenue progressed ahead of expectations as growth initiatives in the 2 domestic businesses took effect. In the second half, the company plans to invest in personnel, locations and AI to maintain and strengthen growth momentum. The increase in net income also reflected the reduction in the tax burden resulting from U.S. tax-cut policies.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Presentation for the Second Quarter of the Fiscal Year Ending February 2027 | VisasQ Inc. (4490) timely disclosure | Komori