The FY2027 plan requires double-digit revenue growth and strong profit growth; FY2027 Q1 will show whether the initial momentum is in place

For FY2026, revenue was ¥7,906.406 million, operating profit was ¥713.224 million, ordinary profit was ¥685.335 million and net profit attributable to owners of the parent was ¥455.540 million. In contrast, the company’s FY2027 forecast calls for revenue of ¥10,400 million, operating profit of ¥1,085 million and net profit attributable to owners of the parent of ¥620 million, implying year-on-year growth of 31.5% in revenue, 52.2% in operating profit and 36.1% in net profit. The operating margin is also expected to rise from approximately 9.0% in FY2026 to approximately 10.4% in FY2027.

As of the nine-month period ended December 2025, revenue was ¥6,375.624 million and operating profit was ¥691.113 million. Progress against the former full-year forecasts of ¥7,800 million and ¥705 million was approximately 81.7% and 98.0%, respectively. FY2026 results subsequently exceeded the former forecasts, but the FY2027 forecast incorporates even greater growth. Accordingly, at the next results announcement it will be necessary to assess not only year-on-year changes but also how much revenue and profit the first quarter accumulated against the ambitious FY2027 company plan.

FY2026 segment results were revenue of ¥5,000.558 million and segment profit of ¥467.246 million for the HPC business, and revenue of ¥2,905.848 million and segment profit of ¥245.978 million for the CTO business. The FY2027 company forecast provides consolidated revenue and operating profit, but does not disclose the forecast breakdown for the HPC and CTO businesses, the contribution from overseas operations or new partnerships, or the quarterly allocation of the plan. In Q1, it will be necessary to verify by segment which businesses are expected to drive the ¥10,400 million revenue-growth plan.

The FY2027 forecast also incorporates multiple initiatives, including continued project management, price pass-through in the CTO business, software licenses for overseas customers and expansion in Europe, but it does not indicate their respective contributions to revenue or operating profit. At the next results announcement, the ability to provide specific disclosure on order progress, low-margin projects and changes in selling, general and administrative expenses, in addition to revenue, operating profit and operating margin, will be key to assessing the plan’s achievability.