Financial Results Summary for the First Quarter of the Fiscal Year Ending June 2027 [Japanese GAAP] (Consolidated)
株式会社Birdman and its consolidated subsidiaries (the Group)
MS business, EX business, renewable energy business, and grid-scale battery storage facilities (including the China 037 storage facility and facilities in Hamamatsu, Shizuoka Prefecture, and Tosu, Saga Prefecture)
Delays in order-taking activities in the MS and EX businesses, continuing operating losses, ordinary losses and losses attributable to owners of the parent, and negative operating cash flow. The wider first-quarter loss resulted from higher expenses due to upfront investments in hiring and organizational development, establishing a creator management structure in the EX business, and launching the renewable energy business.
Revenue of ¥185.508 million, operating loss of ¥178.911 million, ordinary loss of ¥201.012 million, and quarterly net loss attributable to owners of the parent of ¥202.146 million. In addition, the company expects to recognize approximately ¥13 million in interest expense and registration fees related to the creation of security interests and other costs during the current consolidated fiscal year in connection with borrowings dated 30 October 2026.
First quarter of the fiscal year ending June 2027 (1 July 2026 to 30 September 2026). Approximately ¥13 million in interest expense and other costs related to borrowings are expected to be recognized in the fiscal year ending June 2027.
The consolidated earnings forecast for the fiscal year ending June 2027 is unchanged from the forecast announced on 14 August 2026. The company has determined that interest expense and other costs related to borrowings, as well as the exercise status of the Ninth Series of Stock Acquisition Rights, do not currently meet the criteria for revising the earnings forecast. If it determines that a revision to the earnings forecast is necessary, it will promptly announce it.
Company response
Improve project profit margins in the MS business and rigorously manage creator utilization; improve profit margins for merchandising, tours and events in the EX business; commence operations of grid-scale battery storage facilities in the renewable energy business and secure stable revenue by utilizing multiple power markets, including the wholesale electricity, balancing and capacity markets; consider growth initiatives, including capital and business alliances with companies that have earnings power and cash flow generation capabilities; promote fundraising and obtain borrowings.
Improve profitability in the MS and EX businesses, commence operations of grid-scale battery storage facilities in the renewable energy business and secure stable revenue by utilizing multiple power markets, consider growth initiatives including capital and business alliances, and advance fundraising. Grid-scale battery storage facility No. 3 is scheduled to begin operations in May 2028, and facility No. 4 in December 2028.
If the company determines that a revision to the earnings forecast is necessary, it will promptly announce it.
| Item | Details |
|---|---|
| Event name | Financial Results Summary for the First Quarter of the Fiscal Year Ending June 2027 [Japanese GAAP] (Consolidated) |
| Date of occurrence | 30 September 2026 (end of the first quarter of the current consolidated fiscal period) |
| Subject Entity | 株式会社Birdman and its consolidated subsidiaries (the Group) |
| Target Locations / Products | MS business, EX business, renewable energy business, and grid-scale battery storage facilities (including the China 037 storage facility and facilities in Hamamatsu, Shizuoka Prefecture, and Tosu, Saga Prefecture) |
| Cause | Delays in order-taking activities in the MS and EX businesses, continuing operating losses, ordinary losses and losses attributable to owners of the parent, and negative operating cash flow. The wider first-quarter loss resulted from higher expenses due to upfront investments in hiring and organizational development, establishing a creator management structure in the EX business, and launching the renewable energy business. |
| Amount of Impact on Business Performance | Revenue of ¥185.508 million, operating loss of ¥178.911 million, ordinary loss of ¥201.012 million, and quarterly net loss attributable to owners of the parent of ¥202.146 million. In addition, the company expects to recognize approximately ¥13 million in interest expense and registration fees related to the creation of security interests and other costs during the current consolidated fiscal year in connection with borrowings dated 30 October 2026. |
| Accounting period in which recognized | First quarter of the fiscal year ending June 2027 (1 July 2026 to 30 September 2026). Approximately ¥13 million in interest expense and other costs related to borrowings are expected to be recognized in the fiscal year ending June 2027. |
| Impact on Earnings Forecast | The consolidated earnings forecast for the fiscal year ending June 2027 is unchanged from the forecast announced on 14 August 2026. The company has determined that interest expense and other costs related to borrowings, as well as the exercise status of the Ninth Series of Stock Acquisition Rights, do not currently meet the criteria for revising the earnings forecast. If it determines that a revision to the earnings forecast is necessary, it will promptly announce it. |
| Measures to prevent recurrence | Improve project profit margins in the MS business and rigorously manage creator utilization; improve profit margins for merchandising, tours and events in the EX business; commence operations of grid-scale battery storage facilities in the renewable energy business and secure stable revenue by utilizing multiple power markets, including the wholesale electricity, balancing and capacity markets; consider growth initiatives, including capital and business alliances with companies that have earnings power and cash flow generation capabilities; promote fundraising and obtain borrowings. |
| Outlook | Improve profitability in the MS and EX businesses, commence operations of grid-scale battery storage facilities in the renewable energy business and secure stable revenue by utilizing multiple power markets, consider growth initiatives including capital and business alliances, and advance fundraising. Grid-scale battery storage facility No. 3 is scheduled to begin operations in May 2028, and facility No. 4 in December 2028. |
| Planned follow-up disclosure | If the company determines that a revision to the earnings forecast is necessary, it will promptly announce it. |
Items this document does not state (14)
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.The increase in revenue was attributable to contributions from the renewable energy business and new orders in the MS business. The company explained that the wider losses resulted from higher expenses, including upfront investments in hiring and organizational development, establishing a creator management structure in the EX business, and launching the renewable energy business. Regarding conditions giving rise to material doubt about the going concern assumption, the company cited delays in order-taking activities in the MS and EX businesses, as well as continuing operating, ordinary and net losses.