VRAIN Solution, Inc. released its results for the first quarter of the fiscal year ending February 2027. Revenue rose 231.5% year on year to ¥648 million, while the operating loss narrowed to ¥31 million. The cumulative number of customers reached 358 and order backlog stood at ¥1.386 billion. The full-year forecast calls for revenue of ¥4.823 billion and operating profit of ¥1.449 billion.
VRAIN Solution, Inc. reported in its summary of the first-quarter earnings report for the fiscal year ending February 2027 that revenue rose 231.5% year on year to ¥648 million and the operating loss narrowed substantially to ¥31 million. The cumulative number of customers was 358 and order backlog stood at ¥1.386 billion. The business is expanding, including through the adoption of its AI visual inspection and 3D shape measurement inspection system for a project at a major semiconductor ceramics manufacturer.
Total assets fell 22.1% from the end of the previous fiscal year to ¥2.505 billion, mainly due to decreases in accounts receivable and contract assets. Liabilities declined 61.0% to ¥439 million, while net assets fell 1.0% to ¥2.066 billion. The equity ratio rose significantly to 82.5%.
Although no cash flow statement was prepared, cash and deposits declined by ¥118 million from the end of the previous fiscal year to ¥308 million. The decrease in cash is believed to have been affected by payment of income taxes and repayment of short-term borrowings, while collection of trade receivables may have improved cash flow from operating activities.
The company maintained its full-year forecast for the fiscal year ending February 2027. Revenue and operating profit for the cumulative first 2 quarters are forecast at ¥1.8 billion and ¥326 million, respectively. For the full year, revenue is forecast at ¥4.823 billion and operating profit at ¥1.449 billion, with further growth expected. The dividend forecast for the fiscal year ending February 2027 is ¥0 per share for the end of the second quarter, fiscal year-end and full year.