ノースサンド released its earnings briefing for the second quarter of the fiscal year ending January 2027, outlining plans to increase the annual dividend by ¥2 in addition to revising its revenue and operating profit forecasts upward. Against a backdrop of increased hiring and high utilization, the company now expects results to exceed its initial plan.
First, the company released its second-quarter results and explained that increased hiring and improved consultant utilization helped lift profit levels. The SG&A ratio fell from 29.3% in the first quarter to 26.6% in the second quarter, and was also below the year-earlier level on a first-half cumulative basis.
In its second-quarter hiring update, the company hired 200 mid-career employees against a plan for 150, increasing its consultant headcount by 177. New graduate consultants began working in June, and the overall increase in personnel contributed to improvements in revenue and utilization.
The full-year earnings forecast was revised upward, with revenue expected to reach ¥40.56 billion and operating profit ¥920.07 million, implying an operating margin of 22.7%. Alongside this revision, the company outlined plans to increase its annual dividend forecast by ¥2 to ¥35 per share.
As its long-term targets, the company explained plans to achieve average annual revenue growth of more than 30% from the fiscal year ending January 2027 through the fiscal year ending January 2029, an operating margin of at least 25%, and, as a longer-term goal, revenue of ¥100 billion and an operating margin of at least 30%, while targeting ROE of at least 30%.