The key focus is whether results can recover from the interim loss to the full-year forecast

FY2026-H1 revenue was ¥1,036 million, down 17.6% year on year. Operating results changed from a ¥21 million profit to a ¥94 million loss, ordinary results changed from a ¥21 million profit to a ¥102 million loss, and interim net income attributable to owners of the parent changed from a ¥19 million profit to a ¥121 million loss. The deterioration therefore extends beyond a simple decline in revenue, with the earnings structure also worsening.

Meanwhile, the company’s FY2026 full-year forecast remains unchanged at revenue of ¥3,439 million, operating profit of ¥195 million, ordinary profit of ¥181 million and net income attributable to owners of the parent of ¥86 million. A simple calculation based on the interim results indicates that the remaining period needs to generate ¥2,403 million in revenue, ¥289 million in operating profit, ¥283 million in ordinary profit and ¥207 million in net income. This implies a plan to record approximately 69.9% of full-year revenue in the second half and return operating results from a ¥94 million loss to a ¥195 million profit.

The operating loss was ¥70 million in FY2026-Q1 and ¥94 million on a cumulative H1 basis. Although the loss may have narrowed in Q2 alone, quarterly standalone results have not been disclosed in the supplementary materials. Accordingly, the points to confirm in Q3 are whether the nine-month cumulative operating loss has narrowed, whether losses in the self-service laundry business have improved, and whether container-business profit has been maintained alongside a recovery in revenue.

The company also assessed the store operations segment as broadly in line with plan in its H1 materials, but it has not provided a complete breakdown of the contributions from volume, unit prices and costs to company-wide revenue and profit. In Q3, in addition to whether the full-year forecast remains unchanged, it will be important to see which businesses are expected to generate the remaining ¥2,403 million in revenue and ¥289 million in operating profit, and whether the company provides additional disclosure on the assumptions underlying its forecasts and the associated risk amounts.