BayCurrent Consulting (6532) investor relations material

Executive summary

• Q1 FY2027 revenue rose 29.9% year-over-year to ¥44,576 million, driven by robust DX/AI, generative AI, and consulting demand.

• EBITDA increased 19.5% year-over-year to ¥14,888 million, with gross profit margin improving from 56.0% to 58.4%.

• Profit growth is in line with plan despite expenses exceeding expectations due to proactive investments in talent and capability building.

• Consultant and total employee headcount increased steadily, supporting higher project volume and revenue per consultant.

• The company is pursuing a Medium-Term Business Plan targeting 20% annual revenue growth and an EBITDA margin of 30–40% by FY2029.

Financial highlights

• Full-year FY2027 revenue guidance is ¥190,000 million (+28.1% YoY), EBITDA guidance is ¥66,500 million (+27.6% YoY), and net income is projected at ¥48,100 million (+27.1% YoY).

• Q1 revenue and EBITDA progress rates (23.5% and 22.4%, respectively) are in line with historical trends and on track with full-year plans.

• Operating profit grew 18.6% YoY to ¥14,481 million; profit before tax rose 18.7% to ¥14,471 million.

• Net profit attributable to owners increased 19.0% YoY to ¥10,733 million.

• EPS is forecast to rise 30% YoY to ¥323.79; basic EPS for the quarter was ¥70.99, up from ¥59.32 a year earlier.

Outlook and guidance

• Performance growth is expected to continue in Q2 and beyond, with revenue and EBITDA projected to grow 5-7% and 22-24% YoY, respectively, in Q2.

• Revenue per consultant and project volume are anticipated to remain above plan, supported by ongoing DX/AI and new cybersecurity/defense demand.

• Full-year profit growth is expected to align with plan as upfront investments begin to yield results.

• No revisions have been made to the previously announced forecasts.