FY2027 Q1: Full-year guidance remains pending, with the impact of the エンファクトリー sale the key focus

For the fiscal year ended June 2026, revenue was ¥5,952 million, operating profit was ¥226 million, ordinary profit was ¥273 million and net income attributable to owners of the parent was ¥311 million. Revenue declined 2.2% year on year, while operating profit fell 50.8%, indicating a sharp deterioration in the core business. Net income, however, increased only 1.1%. Against these results, the company has left its forecasts for revenue, operating profit, ordinary profit and net income for the fiscal year ending June 2027 pending.

The direct reason for leaving the forecasts pending is that the company is assessing the impact of the sale of all shares in consolidated subsidiary エンファクトリー and the related restructuring of its business portfolio. The disclosed sale price was ¥709.329 million and the sale date was 1 September 2026, but the gain or loss on the sale had not been finalized as of the results announcement. In FY2027 Q1, it will be necessary to confirm the amount of the gain or loss, its classification in extraordinary income or loss, and its impact on net income attributable to owners of the parent, including the tax effect.

The scope of consolidation also makes comparison with the previous year difficult. For the fiscal year ended June 2026, the company disclosed the inclusion of エディト in consolidation and the exclusion of マイケル following its absorption merger. The history of affiliated companies also shows that webCG became a consolidated subsidiary on 27 February 2026 and Sun Smile on 1 April 2026. In FY2027 Q1, it will be important to determine whether the revenue and profit contributions of these companies are presented separately from growth in existing businesses, or at least whether organic growth excluding acquisition effects can be explained.

Although earnings guidance remains pending, the full-year dividend forecast has been quantified at ¥24 per share. This represents a ¥1 increase from the ¥23 dividend paid for the fiscal year ended June 2026, while the indicative DOE level has also been raised to 2.5%. In the first quarter, the points to confirm will be whether the ¥24 forecast is maintained, when earnings guidance will be released, and how the full-year outlook is calculated to reflect the new scope of consolidation after the sale.