A high growth rate from Q1 is required to achieve the FY2027 plan

FY2026 full-year revenue was ¥4,912 million and operating profit was ¥1,981 million, compared with the FY2027 company plan of ¥5,741 million in revenue and ¥2,362 million in operating profit. The planned increases are therefore ¥829 million in revenue and ¥381 million in operating profit, representing year-on-year growth of approximately 16.9% and 19.2%, respectively. At the Q1 stage, revenue of ¥1,435 million and operating profit of ¥591 million, calculated mechanically as one-quarter of the full-year plan, will serve as benchmarks for measuring the initial pace of performance.

However, performance does not necessarily progress evenly across quarters. In FY2026-Q1, revenue was ¥1,199 million and operating profit was ¥483 million, representing progress rates of 24.4% and 26.1%, respectively, against the full-year plan at that time of ¥4,923 million and ¥1,850 million. The company explained at the time that, factoring in seasonality and the rollout of new services, it expected a substantial increase in revenue and profit from Q3 to Q4. Accordingly, even if FY2027-Q1 falls below 25%, it will be necessary to check whether quarterly seasonality and the assumptions for the second half remain unchanged rather than simply judging the result to be below plan.

For the nine months of FY2026, revenue was ¥3,603 million and operating profit was ¥1,430 million, representing progress rates of 70.9% and 69.7%, respectively, against the then full-year plan of ¥5,081 million and ¥2,052 million. FY2026 full-year results subsequently came to ¥4,912 million in revenue and ¥1,981 million in operating profit. The FY2027 plan therefore assumes not merely flat performance, but continued growth in operating profit margins in addition to revenue growth in the existing businesses.

The materials currently available do not confirm the company's standalone FY2027-Q1 plan, the quarterly allocation of revenue and profit, or the amount of risk factored into the outlook. In the next results announcement, the focus will be not only on whether the full-year plan is maintained or revised, but also on how far Q1 results deviated from the 25% benchmark, the specific remaining revenue and profit amounts required over the remaining three quarters rather than an unspecified ¥3,? million in revenue, and whether progress in new services and expansion among existing customers supporting the second-half weighting is disclosed.