The first-quarter shortfall against the full-year plan makes the ability to recover in the first half the key focus

First-quarter revenue for the fiscal year ending March 2027 was ¥669 million, down ¥20 million, or 3.0%, from ¥689 million in the same period of the previous year. Progress against the full-year revenue plan of ¥4,100 million was 16.3%, 8.7 percentage points below the simple quarterly benchmark of 25.0%. Operating results also deteriorated from an operating loss of ¥64 million in the same period of the previous year to a loss of ¥77 million. As of the first quarter, both revenue and earnings had made a weak start toward the full-year plan.

In the previous fiscal year ending March 2026, cumulative second-quarter revenue was ¥1,656 million and operating income was ¥80 million, representing 45.1% and 24.2%, respectively, of full-year actual results of ¥3,672 million and ¥331 million. Applying the previous year's seasonal revenue pattern mechanically, first-half revenue of ¥1,849 million, equivalent to approximately 45.1% of the current full-year plan of ¥4,100 million, would be one comparison benchmark. From first-quarter revenue of ¥669 million, approximately ¥1,180 million of revenue would be required in the second quarter alone to reach this level.

After the first quarter, ¥3,431 million of additional revenue is required to achieve full-year revenue of ¥4,100 million. To secure full-year operating income of ¥350 million, including the first-quarter operating loss of ¥77 million, operating income of ¥427 million will be required during the remaining period. Since the cumulative first-half earnings forecast cannot be confirmed from the information provided, the next earnings release should be reviewed for cumulative second-quarter revenue and operating income, year-on-year comparisons, and whether the full-year forecast is maintained or revised.