FY2027-Q1: the quarter to confirm the initial signs of recovery toward achieving the full-year forecast

In FY2026-Q1, revenue was ¥2.572 billion, the operating loss was ¥125 million, the ordinary loss was ¥124 million, and the net loss attributable to owners of the parent was ¥113 million. In the next FY2027-Q1, the first task will be to determine how far operating income has improved from the loss level in the same quarter of the previous year. For revenue, one mechanical reference figure is ¥3.750 billion, calculated as one-quarter of the FY2027 full-year revenue forecast of ¥15.0 billion, but this is not a company forecast that takes seasonality into account.

For the fiscal year ending June 2027, the company forecasts revenue of ¥15.000 billion, operating profit of ¥550 million, ordinary profit of ¥530 million, and net income attributable to owners of the parent of ¥160 million. FY2026 actual results were revenue of ¥13.564 billion and operating profit of ¥497 million, so the full-year plan targets revenue growth of 10.6% and operating profit growth of 10.7%. In addition to whether the company can return to operating profitability in Q1, it will be important to assess whether the buildup of orders and revenue is consistent with the full-year forecast.

Profit in the construction-related services segment was heavily weighted toward Q3 in FY2026, at ¥28.7 million in Q1, ¥148.8 million in Q2, ¥455.6 million in Q3, and ¥20.5 million in Q4. Since deliveries and acceptance inspections for government projects are concentrated at the end of March, a profit level in FY2027-Q1 below the full-year average would not itself be inconsistent with the historical seasonal pattern.

Accordingly, at the next results announcement, it will be necessary to assess not only Q1 profit on a standalone basis, but also whether the construction-related services order backlog is converting into revenue and whether revenue growth in the human resources-related services and nursing care businesses is translating into profit. Because the company plans to disclose only full-year forecasts from FY2027, another important point to monitor will be whether it maintains the full-year forecast at Q1 or additionally discloses leading indicators such as orders received and order backlog.