Q1 was on track for the full-year plan; H1 will test double-digit growth and whether the plan is maintained

In Q1 from April to June 2026, revenue was ¥13,831 million, operating profit was ¥6,577 million, ordinary profit was ¥7,129 million, and quarterly net profit was ¥4,877 million. Year on year, revenue rose 13.8%, operating profit 18.1%, ordinary profit 20.8%, and net profit 19.7%, with all major profit measures posting double-digit growth. Operating profit growth exceeded revenue growth by 4.3 percentage points, indicating at this early stage that profit growth outpaced revenue growth.

The FY2027 full-year forecasts are revenue of ¥57,500 million, operating profit of ¥26,500 million, ordinary profit of ¥28,260 million, and net profit of ¥19,350 million. Q1 progress was approximately 24.1%, 24.8%, 25.2%, and 25.2%, respectively. Compared with the 25% benchmark after three months, revenue was approximately 0.9 percentage points below and operating profit approximately 0.2 percentage points below. Q1 alone does not indicate that the plan is off track. However, as the company has not provided seasonality or the quarterly allocation of profit, it is necessary to avoid judging achievement of the annual plan based solely on a simple 25% comparison.

The mechanical 50% H1 benchmarks are revenue of ¥28,750 million and operating profit of ¥13,250 million. Prior-year FY2026 H1 results were revenue of ¥24,931 million and operating profit of ¥11,160 million. At the next results announcement, it will be necessary to confirm not only whether these levels are exceeded, but also whether Q1's momentum of 13.8% revenue growth and 18.1% operating profit growth continued into Q2. It is particularly important to distinguish between Q2 standalone revenue and operating profit and cumulative H1 progress toward the full-year forecasts.

As of Q1, there had been no revision to the full-year earnings forecasts and the FY2027 plan remained unchanged. At the next results announcement, it will be necessary to confirm not only whether H1 results exceed the 50% benchmarks, but also whether the full-year forecasts of ¥57,500 million in revenue and ¥26,500 million in operating profit are maintained, and whether the contributions from cloud service revenue and new customer acquisition are supplemented with figures. The reported business consists of a single software segment, making it difficult to separate segment-level profit contributions from the results announcement.