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Earnings5597Blue innovation Co.,Ltd.Information and Communications, Services and Others

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026 (Japanese GAAP, Non-Consolidated)

In the interim period of the fiscal year ending December 2026, revenue increased 44.3% year on year, driven by growth in inspection solutions and other businesses, while operating, ordinary and net losses all narrowed. Meanwhile, the equity ratio declined from 14.4% to 4.3%, and the full-year earnings and dividend forecasts remained unchanged.

Worth reading
33Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
44.3
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 January 2026–30 June 2026Non-consolidated (standalone)Japanese GAAP
Net Sales754,538¥ thousandYear on year +44.3%
Operating profit-180,321¥ thousand
Ordinary income-174,820¥ thousand
Net income attributable to owners of the parent-176,170¥ thousand

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.

Net income per share△¥43.63
Financial position at period-end
Total assets1,194,815¥ thousand
of which net assets 55,732 ¥ thousandEquity ratio 4.3%vs. prior year-end -10.1pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating-179,103
Investment-11,092
Financials+13,016
Net change-177,179

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥811,036 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,600 million (YoY +52.2%)
Operating profit¥-380 million
Ordinary income¥-380 million
Net income¥-390 million
Annual Dividend Forecast¥0 → ¥0(0.0%)
Factors Behind Changes in Business Performance

Against a backdrop of growing demand for implementation in the public infrastructure sector, sales of drones and other aircraft for inspections, as well as development and implementation projects related to plant inspections and patrol inspections, increased. Higher revenue increased gross profit, while operating efficiency improvements and company-wide cost controls reduced selling, general and administrative expenses. However, the gross profit margin declined as the sales mix shifted toward hardware, which has lower margins.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Breakdown of extraordinary income (loss)Special losses: loss on disposal of non-current assets —; total special losses —
Depreciation and amortization¥1,189 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者:Not applicable)
Issued Shares at Period-End4,075,101 shares
Treasury Shares at Period-End0 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (standalone)
Period Covered1 January 2026–30 June 2026
Net Sales¥754,538 thousand (YoY +44.3%)
Operating profit¥-180,321 thousand
Ordinary income¥-174,820 thousand
Profit attributable to owners of the parent¥-176,170 thousand
Net income per share△¥43.63
Equity ratioEnd of the current fiscal period 4.3 / End of previous period 14.4
Total assets¥1,194,815 thousand
Net assets¥55,732 thousand
Cash flows from operating activities¥-179,103 thousand
Cash flows from investing activities¥-11,092 thousand
Cash flows from financing activities¥13,016 thousand
Cash and cash equivalents at end of period¥811,036 thousand
Full-year earnings forecastNet Sales ¥1,600 million (YoY +52.2%) / Operating profit ¥-380 million / Ordinary income ¥-380 million / Net income ¥-390 million
Annual Dividend Forecast¥0 → ¥0(0.0%)
Depreciation and amortization¥1,189 thousand
Breakdown of extraordinary income (loss)Special losses: loss on disposal of non-current assets —; total special losses —
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者:Not applicable)
Issued Shares at Period-End4,075,101 shares
Treasury Shares at Period-End0 shares
Factors Behind Changes in Business PerformanceAgainst a backdrop of growing demand for implementation in the public infrastructure sector, sales of drones and other aircraft for inspections, as well as development and implementation projects related to plant inspections and patrol inspections, increased. Higher revenue increased gross profit, while operating efficiency improvements and company-wide cost controls reduced selling, general and administrative expenses. However, the gross profit margin declined as the sales mix shifted toward hardware, which has lower margins.
Items this document does not state (11)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossChanges in the scope of consolidationMaterial subsequent events

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.

Against a backdrop of growing demand for implementation in the public infrastructure sector, particularly the sewerage field, sales of drones for indoor inspections and other aircraft increased, as did development and implementation projects related to plant inspections and patrol inspections. In addition to higher gross profit resulting from increased revenue, selling, general and administrative expenses were below the prior-year level due to improved operating efficiency and company-wide cost controls, leading to narrower losses. Meanwhile, the gross profit margin declined as the sales mix shifted toward hardware, which has lower margins.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026 (Japanese GAAP, Non-Consolidated) | Blue innovation Co.,Ltd. (5597) timely disclosure | Komori