Cumulative nine-month results are on track, but the focus is whether the latest upward revision can be confirmed by full-year results

Cumulative nine-month revenue for the fiscal year ending August 2026 was ¥23.144 billion, operating income was ¥4.901 billion, ordinary income was ¥5.035 billion, and net income attributable to owners of the parent was ¥3.377 billion. At the time of the nine-month earnings report, the full-year forecasts were revenue of ¥30.0 billion, operating income of ¥6.3 billion, ordinary income of ¥6.450 billion, and net income of ¥4.288 billion. Cumulative progress rates were 77.1% for revenue and 77.8% for operating income.

Using the previous forecasts as a mechanical benchmark, the fourth quarter requires revenue of ¥6.856 billion and operating income of ¥1.399 billion. In the third quarter alone, the company recorded revenue of ¥8.298 billion and operating income of ¥1.734 billion, exceeding the remaining amounts required on a quarterly basis. However, the third quarter included contributions from large projects, so it will be necessary to separately confirm whether projects and margins at a similar level can be replicated in the final quarter.

A news release issued on 8 October stated that the ordinary income forecast had been revised upward from the previous ¥6.450 billion to ¥6.590 billion, while the year-end dividend had been raised from ¥31 to ¥32.5 per share. However, the latest news information provided does not show revised revenue, operating income, and net income forecasts at the same level of detail. In the next full-year disclosure, it will be important to confirm the amounts of all 4 profit measures after the revision, the contribution from the second half, and the achievement rates against the revised forecasts.