Can first-half profit growth translate into full-year forecast achievement by the third quarter?

From January through June 2026, revenue was ¥1,371.712 million, operating profit was ¥151.013 million, ordinary profit was ¥133.701 million and net profit attributable to owners of the parent was ¥112.652 million. Year on year, revenue increased 33.4%, operating profit 63.1%, ordinary profit 62.3% and net profit 84.7%. Progress against the full-year forecasts was 48.6% for revenue, 56.6% for operating profit, 55.6% for ordinary profit and 62.3% for net profit, with profit items running ahead of revenue.

The company cited growth in the number of IDs for its core direct service, cross-selling of integrated services, the April 2026 price revision and the contribution from the consolidation of IU BIM STUDIO株式会社 as factors behind the earnings growth. However, it has not separately disclosed the revenue increase from the price revision, the revenue increase from higher ID numbers, the profit contribution from cross-selling or the profit contribution by subsidiary. The second-quarter earnings presentation described progress against the earnings forecast as “progressing smoothly,” but did not show the amounts or risk figures incorporated into the full-year forecast for each initiative.

To achieve the full-year forecast on a cumulative third-quarter basis, the required amounts remaining after the first half are approximately ¥1,451.3 million in revenue, ¥115.0 million in operating profit, ¥106.3 million in ordinary profit and ¥67.3 million in net profit. These are the amounts needed to achieve the full-year targets and do not represent a company plan based on seasonality. Next time, in addition to cumulative third-quarter progress, we will review standalone three-month revenue and operating profit, the sustainability of contributions from the price revision and subsidiary consolidation, and whether the full-year forecast is maintained or revised. Third-quarter results are scheduled for 13 November, with the earnings briefing scheduled for 16 November.