Can strong first-quarter performance carry through to the first-half and full-year plans?

The first quarter, from April through June 2026, generated revenue of ¥2,096 million, operating profit of ¥149 million, ordinary profit of ¥153 million and net income attributable to owners of the parent of ¥111 million. Year on year, revenue increased 10.0%, operating profit 66.9%, ordinary profit 66.3% and net income 70.3%, indicating that profit growth outpaced revenue growth rather than merely reflecting an increase in sales volume.

The full-year forecasts are revenue of ¥9,020 million, operating profit of ¥675 million, ordinary profit of ¥697 million and net income attributable to owners of the parent of ¥512 million. As of the end of the first quarter, the forecasts had not been revised, and the full-year dividend forecast remained unchanged at ¥60. First-quarter progress was 23.3% for revenue and 22.1% for operating profit, 1.7 and 2.9 percentage points below the 25.0% of the year elapsed, respectively. These figures do not currently indicate a significant shortfall against the plan, although profit is progressing somewhat more slowly than revenue.

The company has not disclosed its own first-half forecasts or order intake and order backlog. Accordingly, revenue of ¥4,510 million and operating profit of ¥337.5 million are comparison benchmarks based simply on half of the full-year forecasts, not the company’s first-half targets. On this basis, the second-quarter standalone levels required after the first-quarter results are approximately ¥2,414 million in revenue and ¥188.5 million in operating profit. Seasonality and the timing of project acceptance have not been disclosed, so performance should not be assessed solely on the assumption of even progress.

The company attributed the first-quarter improvement to increased orders for end-user business, BPO, no-code and low-code development, cloud environment construction, and SAP and ERP projects. However, it did not disclose the value of the additional orders, project acceptance timing or profit contribution by service. In FY2027-H1, it will be necessary to assess not only whether the full-year forecasts are maintained, but also cumulative revenue and operating profit, order intake and order backlog, and whether projects have been brought forward or delayed.