Consolidated financial results for the third quarter of the fiscal year ending June 2026 and revision of the consolidated earnings forecast for the fiscal year ending June 2026
株式会社Birdman and the Birdman Group
MS business, EX business, renewable energy business, energy storage facilities in Takamatsu-cho, Sakaiminato, Tottori Prefecture, liver management and media business using TikTok LIVE, TikTok live commerce business, and battery energy storage system (BESS)
In the MS business, delays in securing operating funds and formulating a new business plan affected the number of orders. The EX business also required additional time to formulate a new business plan. Regarding circumstances that raise substantial doubt about the going concern assumption, the disclosure states that significant operating losses, ordinary losses, net losses attributable to owners of the parent and negative operating cash flow have continued to be recorded.
For the nine months ended 31 March 2026, net sales were ¥243.850 million, operating loss was ¥386.254 million, ordinary loss was ¥769.653 million and net loss attributable to owners of the parent was ¥707.325 million. The full-year forecast for the fiscal year ending June 2026 is net sales of ¥369 million, an operating loss of ¥474 million, an ordinary loss of ¥903 million and a net loss attributable to owners of the parent of ¥841 million. The new business with KIRINZ is expected to incur ¥145 million in outsourcing expenses, ¥50 million in personnel expenses and ¥100 million in advertising and promotional expenses. The acquisition of fixed assets is expected to contribute approximately ¥430 million in annual net sales from the following consolidated fiscal year onward. Gross profit of at least ¥20 million is expected in the following consolidated fiscal year from the properties held for sale in Wakasa, Fukui Prefecture.
The nine-month consolidated cumulative period from 1 July 2025 through 31 March 2026. The full-year earnings forecast covers 1 July 2025 through 30 June 2026. The impact of the new businesses and fixed-asset acquisitions is expected to arise mainly from the following consolidated fiscal year onward.
The earnings forecast has been revised from the most recently announced forecast. The revised full-year forecast is net sales of ¥369 million, an operating loss of ¥474 million, an ordinary loss of ¥903 million and a net loss attributable to owners of the parent of ¥841 million. The impact on the current consolidated fiscal year of the partnerships with KIRINZ and Pylon Technologies Japan株式会社 is expected to be immaterial. The specific impact of the partnership with MoldBreaking株式会社 on the current consolidated fiscal year is currently under review.
Company response
An interim review of the quarterly consolidated financial statements by the independent auditor has been conducted, but the establishment of a third-party committee or special investigation committee was not disclosed.
The company will continue investing in the EX business to build a liver agency and create synergies with the MS business. In the renewable energy business, it will proceed in stages with the commercialization of grid-scale battery storage facilities. The company is considering financing and M&A. It will advance the partnership businesses with KIRINZ, MoldBreaking株式会社 and Pylon Technologies Japan株式会社.
| Item | Details |
|---|---|
| Event name | Consolidated financial results for the third quarter of the fiscal year ending June 2026 and revision of the consolidated earnings forecast for the fiscal year ending June 2026 |
| Date of occurrence | 31 March 2026 (end of the third-quarter consolidated accounting period) |
| Subject Entity | 株式会社Birdman and the Birdman Group |
| Target Locations / Products | MS business, EX business, renewable energy business, energy storage facilities in Takamatsu-cho, Sakaiminato, Tottori Prefecture, liver management and media business using TikTok LIVE, TikTok live commerce business, and battery energy storage system (BESS) |
| Cause | In the MS business, delays in securing operating funds and formulating a new business plan affected the number of orders. The EX business also required additional time to formulate a new business plan. Regarding circumstances that raise substantial doubt about the going concern assumption, the disclosure states that significant operating losses, ordinary losses, net losses attributable to owners of the parent and negative operating cash flow have continued to be recorded. |
| Amount of Impact on Business Performance | For the nine months ended 31 March 2026, net sales were ¥243.850 million, operating loss was ¥386.254 million, ordinary loss was ¥769.653 million and net loss attributable to owners of the parent was ¥707.325 million. The full-year forecast for the fiscal year ending June 2026 is net sales of ¥369 million, an operating loss of ¥474 million, an ordinary loss of ¥903 million and a net loss attributable to owners of the parent of ¥841 million. The new business with KIRINZ is expected to incur ¥145 million in outsourcing expenses, ¥50 million in personnel expenses and ¥100 million in advertising and promotional expenses. The acquisition of fixed assets is expected to contribute approximately ¥430 million in annual net sales from the following consolidated fiscal year onward. Gross profit of at least ¥20 million is expected in the following consolidated fiscal year from the properties held for sale in Wakasa, Fukui Prefecture. |
| Accounting period in which recognized | The nine-month consolidated cumulative period from 1 July 2025 through 31 March 2026. The full-year earnings forecast covers 1 July 2025 through 30 June 2026. The impact of the new businesses and fixed-asset acquisitions is expected to arise mainly from the following consolidated fiscal year onward. |
| Impact on Earnings Forecast | The earnings forecast has been revised from the most recently announced forecast. The revised full-year forecast is net sales of ¥369 million, an operating loss of ¥474 million, an ordinary loss of ¥903 million and a net loss attributable to owners of the parent of ¥841 million. The impact on the current consolidated fiscal year of the partnerships with KIRINZ and Pylon Technologies Japan株式会社 is expected to be immaterial. The specific impact of the partnership with MoldBreaking株式会社 on the current consolidated fiscal year is currently under review. |
| Investigation structure | An interim review of the quarterly consolidated financial statements by the independent auditor has been conducted, but the establishment of a third-party committee or special investigation committee was not disclosed. |
| Outlook | The company will continue investing in the EX business to build a liver agency and create synergies with the MS business. In the renewable energy business, it will proceed in stages with the commercialization of grid-scale battery storage facilities. The company is considering financing and M&A. It will advance the partnership businesses with KIRINZ, MoldBreaking株式会社 and Pylon Technologies Japan株式会社. |
Items this document does not state (15)
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 the MS business, delays in securing operating funds and formulating a new business plan affected the number of orders. The EX business also required additional time to formulate a new business plan. The disclosure states that details of the reasons for revising the earnings forecast are provided in the "Notice Regarding Revision of Earnings Forecasts," released on the same day.