FY2026 9-month cumulative operating profit exceeds the full-year forecast, with revenue at 84% of the forecast

Revenue for the 9-month cumulative period of FY2026 was ¥20,681,725 thousand, operating profit was ¥3,759,131 thousand, ordinary profit was ¥3,148,381 thousand, and quarterly net income attributable to owners of the parent was ¥1,751,490 thousand. The company had recorded an operating loss, ordinary loss, and net loss in the same period of the previous year, but all three measures turned profitable this year. Revenue increased 60.9% year on year, and the recovery in operating profit was accompanied by revenue growth.

The full-year forecasts for FY2026 are revenue of ¥24,650,000 thousand, operating profit of ¥3,500,000 thousand, and net income attributable to owners of the parent of ¥515,000 thousand. As of the 9-month cumulative period, revenue had reached 83.9% of the full-year forecast, leaving ¥3,968,275 thousand required in Q4. Operating profit had already exceeded the full-year forecast by ¥259,131 thousand, meaning that the full-year forecast could still be achieved even if Q4 operating profit were negative, assuming the forecast is maintained. However, quarterly seasonality and the Q4 profit plan have not been disclosed, so full-year results cannot be assessed based solely on the progress rate.

Net income is more than three times the full-year forecast, but the 9-month cumulative results include extraordinary gains and losses such as a ¥332,019 thousand gain on the sale of fixed assets, ¥6,754 thousand in impairment losses, and ¥78,659 thousand in losses on disposal of fixed assets. The company has not disclosed whether these amounts alone explain the gap versus the net income forecast. Non-operating income and expenses, income taxes, and any asset sales or additional losses expected in Q4 must be reviewed separately.

At the next results announcement, we will check whether the full-year forecasts are revised and whether the individual forecasts of ¥24,650,000 thousand for revenue, ¥3,500,000 thousand for operating profit, and ¥515,000 thousand for net income are maintained. Operating profit has already exceeded the forecast, while the outperformance in net income is substantial, so it will be important to assess, together with the Q4 profit plan by segment, how much the company has incorporated one-off factors into its forecasts.