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Financial results presentation6047Gunosy Inc.Information and Communications, Services and Others

Financial Results Presentation for the Fiscal Year Ending May 2026

For the fiscal year ended May 2026, revenue exceeded the previous year and finished broadly in line with the revised plan, while the prolonged upfront investment phase at GH resulted in operating income and EBITDA falling below the revised plan. For the fiscal year ending May 2027, the company indicated that it would proceed with the transformation to a business structure centered on AI as a growth driver, together with a certain level of investment, while addressing the risk of the partnership with KDDI ending.

Worth reading
75Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
186
¥ million (operating income for the fiscal year ended May 2026)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFull fiscal year ended May 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥6,441 million+105.6%
Operating profit¥186 million
Full-year earnings forecast
Net Sales¥5,094–5,257 million
Operating profit¥50–250 million
EBITDA¥187–387 million
Core cash-flow segment revenue¥4,316 million
Core cash-flow segment operating income¥785–920 million
Cash-flow-accumulating M&A segment revenue¥713 million
Cash-flow-accumulating M&A segment operating income−¥75 million
High-growth options segment revenue¥68–230 million
High-growth options segment operating incomeLoss of ¥132–67 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。Against the revised plan for the fiscal year ended May 2026, revenue reached 99.9%, operating income 74.4% and EBITDA 84.0%. By segment, revenue in the core cash-flow segment reached 98.7% and EBITDA 97.6%.
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue finished in line with the revised plan. Operating income and EBITDA were below plan.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Downward impact from weak domestic media market conditionsDown ¥530 million (downward revision from the initial plan to the revised plan)
  • Prolonged upfront investment phase at GHThe additional impact from the revised plan is shown graphically, but no individual amount is stated in the text
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
India Repo Rate: 6.50% as of December 2024 and 5.25% as of February 2026. Other numerical assumptions underlying the full-year forecasts are Not disclosed.
New initiatives
  • Transform to a business structure in which AI is a growth driver
  • Transformation into an AI-Native Operating Model
  • Consider introducing a prediction-based participatory news experience
  • Expand Game8's strategy-guide experience, traffic and SC business through the use of AI
  • Commercialization as a B2B Service of Productivity Reform Using Generative AI
  • The business partnership agreement with KDDI for au Services Today is scheduled to end on 31 March 2027
  • Narrow the areas targeted for M&A to those with high AI resilience or favorable AI-related tailwinds
Key KPIsA metric the company considers important as a management benchmark.
  • Deposit¥87.3 billion
    Year on year against the same period last yearApproximately 2.2x annualized growth pace
  • AUM¥76.1 billion
    Year on year against the same period last yearApproximately 1.4x annualized growth pace
  • LDRApproximately 87%
  • LCR498%
  • CAR19.1%
  • CASA ratio39.9%
    Year on year against the same period last yearImproved from 24.6%
  • Cumulative number of IR Hub contract customers4x from the start of the fiscal year ending May 2026
  • slice revenue¥23.8 billion
    Year on year against the same period last year+232.0%
Segment results
  • Core cash-flow segment
    Net Sales¥5,470 million
    EBITDA¥1,166 million
  • Cash-flow compounding M&A segment (GH社)
    Net Sales¥944 million
    Operating profitLoss of ¥212 million
    EBITDA-¥64 million
  • High-growth options segment (SC business and IR Hub, excluding investments)
    Net Sales¥30 million
    Operating profitLoss of ¥198 million
    EBITDALoss of ¥198 million
  • Other adjustments (shared costs, etc.)
    Net Sales−¥4 million
    Operating profitLoss of ¥566 million
    EBITDALoss of ¥566 million
Medium-term management plan targets
Previous targetEBITDA of ¥900 million, ROIC of at least 15% and IRR of 30% for the fiscal year ending May 2027
ChangeFinancial targets changed
Financial targets
ROIC15% or higher
IRR30%
EBITDA¥900 million
Market Size / Share
Annual transaction value in the forecast market was approximately $20 billion in 2025 and is forecast to reach approximately $1 trillion in 2030. The Smartphone Competition Promotion Act is expected to open up a market worth more than ¥2 trillion.
Number of employees
Number of Employees205 People
As ofAs of the end of May 2026, on a consolidated basis
Payout ratio
Maintain dividends based on a DOE of 3%
Acquisition of treasury shares
In the fiscal year ended May 2025, the company repurchased treasury shares equivalent to 1% of shareholders' equity. The new repurchase authorization for the fiscal year ending May 2027 is Not disclosed.
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFull fiscal year ended May 2026
Net Sales¥6,441 million (YoY +105.6%)
Operating profit¥186 million
Full-year earnings forecastNet Sales ¥5,094–5,257 million / Operating profit ¥50–250 million / EBITDA ¥187–387 million / Core cash-flow segment revenue ¥4,316 million / Core cash-flow segment operating income ¥785–920 million / Cash-flow-accumulating M&A segment revenue ¥713 million / Cash-flow-accumulating M&A segment operating income −¥75 million / High-growth options segment revenue ¥68–230 million / High-growth options segment operating income Loss of ¥132–67 million
Progress against full-year forecastAgainst the revised plan for the fiscal year ended May 2026, revenue reached 99.9%, operating income 74.4% and EBITDA 84.0%. By segment, revenue in the core cash-flow segment reached 98.7% and EBITDA 97.6%.
Self-assessment against the planRevenue finished in line with the revised plan. Operating income and EBITDA were below plan.
Segment resultsSegment Core cash-flow segment / Net Sales ¥5,470 million / EBITDA ¥1,166 million, Segment Cash-flow compounding M&A segment (GH社) / Net Sales ¥944 million / Operating profit Loss of ¥212 million / EBITDA -¥64 million, Segment High-growth options segment (SC business and IR Hub, excluding investments) / Net Sales ¥30 million / Operating profit Loss of ¥198 million / EBITDA Loss of ¥198 million, Segment Other adjustments (shared costs, etc.) / Net Sales −¥4 million / Operating profit Loss of ¥566 million / EBITDA Loss of ¥566 million
Breakdown of Factors Affecting the ChangeFactors Downward impact from weak domestic media market conditions / Amount Down ¥530 million (downward revision from the initial plan to the revised plan), Factors Prolonged upfront investment phase at GH / Amount The additional impact from the revised plan is shown graphically, but no individual amount is stated in the text
Key KPIsIndicator name Deposit / Value ¥87.3 billion / Year on year against the same period last year Approximately 2.2x annualized growth pace, Indicator name AUM / Value ¥76.1 billion / Year on year against the same period last year Approximately 1.4x annualized growth pace, Indicator name LDR / Value Approximately 87% / Year on year against the same period last year Not disclosed, Indicator name LCR / Value 498% / Year on year against the same period last year Not disclosed, Indicator name CAR / Value 19.1% / Year on year against the same period last year Not disclosed, Indicator name CASA ratio / Value 39.9% / Year on year against the same period last year Improved from 24.6%, Indicator name Cumulative number of IR Hub contract customers / Value 4x from the start of the fiscal year ending May 2026 / Year on year against the same period last year Not disclosed, Indicator name slice revenue / Value ¥23.8 billion / Year on year against the same period last year 232 Hundreds of millions of yen
Number of employeesNumber of Employees 205 People / As of As of the end of May 2026, on a consolidated basis
Assumptions Underlying the Business OutlookIndia Repo Rate: 6.50% as of December 2024 and 5.25% as of February 2026. Other numerical assumptions underlying the full-year forecasts are Not disclosed.
Medium-term management plan targetsPrevious target EBITDA of ¥900 million, ROIC of at least 15% and IRR of 30% for the fiscal year ending May 2027 / Change Financial targets changed
Financial targetsROIC 15% or higher / IRR 30% / EBITDA ¥900 million
Payout ratioMaintain dividends based on a DOE of 3%
Acquisition of treasury sharesIn the fiscal year ended May 2025, the company repurchased treasury shares equivalent to 1% of shareholders' equity. The new repurchase authorization for the fiscal year ending May 2027 is Not disclosed.
Market Size / ShareAnnual transaction value in the forecast market was approximately $20 billion in 2025 and is forecast to reach approximately $1 trillion in 2030. The Smartphone Competition Promotion Act is expected to open up a market worth more than ¥2 trillion.
New initiativesTransform to a business structure in which AI is a growth driver, Transformation into an AI-Native Operating Model, Consider introducing a prediction-based participatory news experience, Expand Game8's strategy-guide experience, traffic and SC business through the use of AI, Commercialization as a B2B Service of Productivity Reform Using Generative AI, The business partnership agreement with KDDI for au Services Today is scheduled to end on 31 March 2027, Narrow the areas targeted for M&A to those with high AI resilience or favorable AI-related tailwinds
Items this document does not state (13)
Ordinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookAnnual DividendCapital 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.

In addition to domestic media market conditions following the downside case incorporated into the revised plan, GH's upfront investment phase was prolonged. For the fiscal year ending May 2027, the company intends to prioritize the transformation to a business structure in which AI is a growth driver and make a certain level of investment within the range of profits.

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 Fiscal Year Ending May 2026 | Gunosy Inc. (6047) timely disclosure | Komori