FY2027 plan calls for substantial revenue and profit growth, with the growth ramp-up confirmed in Q1

FY2026 was the first year of consolidation, with revenue of ¥2,758 million, operating income of ¥127 million, ordinary income of ¥132 million, and net income attributable to owners of the parent of ¥58 million. In contrast, FY2027 is expected to generate revenue of ¥4,200 million, operating income of ¥300 million, ordinary income of ¥285 million, and net income of ¥188 million. The company's forecast calls for revenue growth of 52.3% and operating income growth of 136.2%, representing a growth plan based on full-year contributions from the HR business and the expansion of subscription-based services, rather than a modest recovery.

Allocating the FY2027 forecast evenly across four quarters gives a Q1 benchmark of ¥1,050 million in revenue and ¥75 million in operating income. However, the company has not disclosed the seasonality of its earnings forecast or the quarterly allocation of profit, so these figures are merely mechanical monitoring thresholds for measuring progress, not formal company guidance for Q1. In the actual results, it will be necessary to check not only revenue but also whether operating income approaches ¥75 million and whether SG&A expenses expand ahead of revenue growth.

The main standalone indicators for FY2026 Q4 were revenue of ¥637 million and operating income of ¥30 million. The transition to a consolidated structure also began in Q4, meaning that FY2026 full-year results include contributions from オルプラ and Nexil, while the prior-year Q1 did not cover the same consolidation scope. It is therefore difficult to assess the quality of growth based solely on the year-on-year comparison for FY2027-Q1. In Q1, it will be important to see whether revenue from the existing DX business, revenue from the HR subsidiaries, and consolidation adjustments are presented separately.

FY2027 operating margin is planned to improve by 2.5 percentage points, from 4.6% in FY2026 to 7.1%. In addition to expanding revenue to ¥4,200 million, the company must absorb M&A-related expenses and investment in new services while improving profitability. At the next results announcement, it will be necessary to track not only whether the full-year forecast of ¥4,200 million in revenue and ¥300 million in operating income is maintained, but also which explanation the company gives if Q1 results fall below the simple run-rate benchmark: seasonality, front-loaded expenses, or the timing of the HR business ramp-up.