GO (581A), operator of the taxi app “GO,” reports its first quarterly results since listing. Operating profit for June–August was ¥3.0 billion (+92.8%), in line with plan.

GO Inc. announced its first quarterly results since listing. Revenue for June-August was ¥12.2 billion and operating profit was ¥3.0 billion, both well above the year-earlier period, and the company said progress was in line with plan. The initial full-year plan calls for revenue of ¥48.5 billion and operating profit of ¥13.0 billion, with operating profit progress at 23.4% and continuing. At the earnings briefing, the company emphasized that revenue and profit growth were tracking in line with plan.

Growth was driven mainly by an increase in rides booked through the app and higher average revenue per ride. App-booked rides increased 9.8% to 32.16 million, while revenue per ride rose 29.1% to ¥191. The share of all rides booked through the app expanded to approximately 30.0%. App adoption continued to advance in each region, although the company also cited the impact of areas that experienced fewer extremely hot days.

GO Inc. is also making progress on initiatives related to autonomous driving and is cooperating with ウェイ日本交通 on commercialization in Tokyo. The company aims to deploy fully driverless Level 4 taxis, the first of their kind in Japan, in stages at a scale of 100 vehicles during 2027. The formal launch timing, however, will be decided after safety has been confirmed and the necessary approvals have been obtained.

Financially, adjusted EBITDA improved significantly year on year. The gross profit margin was 56.3%, while adjusted EBITDA was ¥3.37 billion, equivalent to 27.5% of revenue. Over the medium term, the company indicated that it would continue investing in marketing while incorporating an expansion in the EBITDA margin into its financial model.