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Medley (4480) investor relations material
Medley Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sales increased 21% year-over-year in Q2 FY2026, with both HR PF and Medical PF segments contributing to growth.
Net sales for H1 FY2026 rose 22.8% year-over-year to ¥22,683 million, with strong growth in both HR PF and Medical PF businesses.
EBITDA margin improved to 26% (+4% pt YoY), and profit attributable to owners of parent rose 116% YoY to JPY 1,560 million.
EBITDA increased 43.4% year-over-year to ¥3,866 million, and net profit attributable to owners of parent surged 131.2% to ¥1,497 million.
Progress toward mid-term targets is on track, with strong customer acquisition and ARPU growth.
Financial highlights
Q2 FY2026 sales: JPY 12,493 million (+21% YoY); gross profit: JPY 8,214 million (+23% YoY).
EBITDA: JPY 3,235 million (+43% YoY); operating profit: JPY 2,513 million (+59% YoY).
Ordinary profit: JPY 2,741 million (+74% YoY); profit attributable to owners: JPY 1,560 million (+116% YoY).
Operating profit for H1 FY2026 was ¥2,446 million, up 67.4% year-over-year.
Basic earnings per share increased to ¥49.45 from ¥20.05 in the prior year period.
Outlook and guidance
FY2026 full-year forecast: sales JPY 46,400 million (+26% YoY), EBITDA JPY 5,800 million (margin 13%).
Full-year FY2026 forecast maintained: net sales ¥46,400 million (+26.1% YoY), EBITDA ¥5,800 million (+20.3% YoY), operating profit ¥2,950 million (+37.2% YoY), net profit ¥1,800 million (+84.5% YoY), and EPS ¥58.25.
H1 progress rates: sales 49%, EBITDA 67%, profit attributable to owners 83% of full-year forecast.
Dividends to be initiated at JPY 18 per share, targeting a 30% payout ratio.
Dividend forecast for FY2026 is ¥18.00 per share.
- Q1 FY2026 sales and EBITDA surged, margin improved, but net loss remained amid ongoing investment.4480
Q1 2026 - Acquisition strengthens HR platform in healthcare and accelerates AI-driven BPO expansion.4480
Acquisition presentation - Strong FY2025 growth and robust FY2026 outlook driven by digital healthcare expansion.4480
Q4 2025 - Sales up 27.2–31% YoY; profits down, but share buybacks and growth investments continue.4480
Q3 2025 - Sales up 25.6% YoY, profit down on higher costs, outlook supported by Medical PF and new services.4480
Q2 2025 - Q3 sales up 45% YoY, major acquisitions, and robust outlook with unchanged full-year forecast.4480
Q3 2024 - Sales up 37–40% YoY, fueled by segment growth, acquisitions, and digital expansion.4480
Q2 2024 - Q1 sales up 37% YoY, but profits fell as investments and M&A weighed on results.4480
Q1 2025 - FY2024 sales up 43% with Medical PF profitability and major acquisitions; cautious FY2025 outlook.4480
Q4 2024
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