Third-quarter progress toward the full-year forecast is on track, with ¥819 million in revenue and ¥213 million in operating profit remaining for Q4

Revenue for the nine months ended Q3 of the fiscal year ending August 2026 was ¥2,596 million, operating profit was ¥646 million, and gross profit represented 78.6% of the full-year forecast. The full-year forecasts are revenue of ¥3,415 million, gross profit of ¥2,250 million and operating profit of ¥859 million, making progress rates as of Q3 of 76.0%, 78.6% and 75.2%, respectively. The company describes this progress as having “caught up with the standard progress rate,” indicating that cumulative results through at least Q3 have not deviated significantly from plan.

On a simple calculation, Q4 needs to generate revenue of ¥819 million, gross profit of approximately ¥482 million and operating profit of ¥213 million. The required operating margin on revenue is approximately 26.0%, above the 24.9% operating margin for the nine months ended Q3. At the same time, Q3 alone produced revenue of ¥945 million, operating profit of ¥260 million and an operating margin of 27.5%, confirming that the required level has already been exceeded in an individual quarter.

Q3 revenue alone increased 22.3% year on year, while operating profit increased 38.6%; the company describes both as quarterly record highs. Accordingly, the issue for full-year achievement is not simply whether revenue can be maintained, but whether the ¥945 million revenue scale and 27.5% operating margin demonstrated in Q3 alone can be reproduced in Q4.

At the next FY2026 full-year results announcement, it will be necessary to assess not only whether full-year results reached the forecast, but also whether revenue, gross profit or operating profit fell short of or exceeded plan. In particular, if operating profit does not reach ¥859 million, it will be important to determine whether the shortfall resulted from insufficient revenue, a decline in gross margin or higher selling, general and administrative expenses, and whether the company provides this breakdown.