For the nine months ended 30 September 2025, revenue rose 5.3% year on year to ¥38,288 million, while operating profit fell 22.9% to ¥3,623 million, leaving the operating margin at 9.5%. The pattern continues in which the revenue benefit from expanding the facilities is being outweighed by staffing, higher labor costs and lower utilization. At the next results announcement, the key issue will be whether profit margins have bottomed.
All recorded disclosures and news since the latest annual or semiannual filing. Switching watchpoints keeps the full history. Select an item to inspect its source.2026-05-14 〜 2026-11-07 · 20 of 20 items
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Confirm whether the consolidated operating margin improves from 9.5% for the nine months
Confirm whether profit in the Ishinkan segment exceeds ¥3,023 million
Confirm whether the EBITDA impact of higher labor costs at new facilities narrows from the ¥1,545 million recorded for the nine months
Confirm whether utilization improves at both existing facilities, from 73.8%, and new facilities, from 41.6%
The company's ongoing themes and initiatives this watchpoint touches on.
At the next results announcement, it will be necessary to confirm whether the operating margin improves from its 9.5% floor, whether Ishinkan segment profit exceeds ¥3,023 million, and whether the negative impact of labor costs at new facilities narrows. The company has attributed the decline in profit to securing personnel and assigning staff ahead of demand, but it has not provided sufficient detail on total labor costs, hiring and staffing numbers by facility, or the specific breakdown of gross margin. Recovery in utilization at existing facilities, from 73.8%, and new facilities, from 41.6%, together with disclosure of labor and land-and-rent expenses as a percentage of revenue, will help assess the effectiveness of any margin recovery.
Facility expansion continues to support revenue growth, but operating profit remains down by double digits.
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2026-11-13 · Awaiting publication
· Awaiting publication
The prior-year comparison for this event
2025-11-06 disclosed · In ¥ millions; each quarter is cumulative from the start of the fiscal year. EPS is in yen.
Latest available: FY2026 Q3
Net salesBusiness scale
49,174JPY m
↗ +15.8% YoYOperating profitCore earnings
6,162JPY m
↘ -41.9% YoYNewest first. The highlighted column is this event’s comparison. YoY uses the same period and accounting basis.
| Metric | FY2026 Q3 | FY2026 Q2 | FY2026 Q1 | FY2025 full yearComparison | FY2025 Q3 | FY2025 Q2 | FY2025 Q1 | FY2024 full year |
|---|---|---|---|---|---|---|---|---|
| Net sales | 38,288↗ +5.3% YoY | 25,600↗ +7.5% YoY | 12,936↗ +9.9% YoY | 49,174↗ +15.8% YoY | 36,364YoY unavailable | 23,820YoY unavailable | 11,773YoY unavailable | 42,475YoY unavailable |
| Operating profit | 3,623↘ -22.9% YoY | 2,804↘ -25.1% YoY | 1,597↘ -20.5% YoY | 6,162↘ -41.9% YoY | 4,697YoY unavailable | 3,743YoY unavailable | 2,009YoY unavailable | 10,612YoY unavailable |
| Ordinary profit | 3,681↘ -23.9% YoY | 2,789↘ -26.8% YoY | 1,576↘ -17.4% YoY | 6,343↘ -39.9% YoY | 4,838YoY unavailable | 3,812YoY unavailable | 1,908YoY unavailable | 10,551YoY unavailable |
| Net income | 2,485↘ -17.1% YoY | 1,896↘ -29.5% YoY | 1,081↘ -19.7% YoY | 3,660↘ -50.8% YoY | 2,998YoY unavailable | 2,688YoY unavailable | 1,346YoY unavailable | 7,438YoY unavailable |
| Earnings per share | 25.41↘ -17.3% YoY | 19.41↘ -29.5% YoY | 11.09↘ -19.5% YoY | 37.52↘ -50.5% YoY | 30.73YoY unavailable | 27.55YoY unavailable | 13.78YoY unavailable | 75.86YoY unavailable |