FY2026 full-year forecast is tracking ahead on operating profit, with focus now shifting to the fourth quarter outcome

For the nine months ended 30 September 2026, revenue was ¥14,496 million, operating profit was ¥2,346 million, ordinary profit was ¥2,694 million, and net income attributable to owners of the parent was ¥1,837 million. Year on year, revenue increased 15.1%, operating profit 59.7%, ordinary profit 50.8%, and net income 56.4%, indicating improvement in both the top line and earnings.

The full-year forecast remains unchanged from the most recent forecast at revenue of ¥20,000 million, operating profit of ¥3,000 million, ordinary profit of ¥3,300 million, and net income of ¥2,200 million. Progress against the full-year forecast was 72.5% for revenue, 78.2% for operating profit, 81.6% for ordinary profit, and 83.5% for net income. On a simple even-quarter basis, revenue is broadly on plan, while operating profit and the other profit measures are running ahead.

The amounts still required in the fourth quarter to achieve the full-year forecast are revenue of ¥5,504 million, operating profit of ¥654 million, ordinary profit of ¥606 million, and net income of ¥363 million. If revenue and operating profit are both secured at these levels, the required fourth-quarter operating margin would be approximately 11.9%. The operating margin for the nine-month period was approximately 16.2%, so the required conditions appear to provide some cushion. However, the next results announcement will need to confirm whether the product model-cycle effect continues into the fourth quarter and whether the margin improvement from QCD activities is not temporary.