FY2026 revenue is tracking below the full-year plan, requiring ¥334 million in additional 4Q revenue

As of 13 August, nine-month revenue was ¥609 million against a full-year forecast of ¥943 million, putting simple progress at 64.6%. The end of the third quarter corresponds to 75% of the annual period having elapsed, so revenue progress was approximately 10.4 percentage points behind the passage of time. Based on the previous forecast, achieving the full-year target required ¥334 million of revenue in the fourth quarter alone, equivalent to 35.4% of full-year revenue.

Operating results showed a nine-month operating loss of ¥929 million against the previous full-year forecast of a ¥1,454 million operating loss. On a simple difference basis, the plan implied an additional loss of ¥525 million in the fourth quarter, but this does not indicate an improvement in profitability and may include the concentration of research and development costs, promotional expenses, restructuring costs and other expenses at the year-end. The next earnings release should distinguish not only revenue, but also standalone 4Q operating results and the factors behind the variance from the full-year forecast.

On 16 October, the company announced a revision to its earnings forecast. According to media reports, the forecast net loss for the full year was narrowed from ¥1.45 billion to ¥1.42 billion, while the operating loss forecast remained at ¥1.45 billion. The preliminary summary provided does not confirm all of the revised revenue and operating loss figures or the revised assumptions by business segment. Accordingly, the FY2026 results should be reviewed for actual performance against the revised forecast and for whether the revision resulted from temporary extraordinary gains or losses, or from improvements in revenue, cost of sales and selling, general and administrative expenses.