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Open Up Group (2154) investor relations material
Open Up Group Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 FY2027 revenue rose 2.6% YoY to ¥42.23bn; operating profit fell 11.3% to ¥3.655bn and profit attributable to owners fell 10.9% to ¥2.474bn.
A new management structure launched a transformation prioritizing value creation over workforce growth; management expects benefits from Q2, particularly in H2.
Financial highlights
Gross profit rose 1.0% YoY to ¥11.263bn, while SG&A increased 8.2% to ¥7.688bn.
Profit before tax declined 11.8% YoY to ¥3.683bn; basic EPS was ¥29.11 versus ¥32.40 a year earlier.
Revenue growth reflected M&E and Overseas gains, partly offset by declines in IT, Construction and Others.
Outlook and guidance
FY2027 guidance unchanged: revenue ¥175.0bn, operating profit ¥17.7bn, profit before tax ¥17.7bn and owners’ profit ¥12.3bn; Q1 progress was 24.1%, 20.7% and 20.1% for revenue, operating profit and net income.
Transformation investment includes IT infrastructure, portfolio restructuring and stronger corporate functions; benefits are expected to become more apparent from Q2, especially in H2.
FY2027 dividend forecast remains ¥90 per share, split ¥40 at the second-quarter end and ¥50 at year-end; progressive dividend policy targets a 60% payout ratio.
- Engineer-focused restructuring targets higher margins as the UK sale trims FY25 forecasts.2154
Company presentation - Revenue and profit surged on segment growth and acquisitions, with a robust FY25 outlook.2154
Q4 2024 - Revenue up 17%, operating profit up 28%, and annual dividend forecast raised to ¥75.2154
Q1 2025 - Revenue and profit rose across all segments, with Construction boosted by acquisition.2154
Q2 2025 - Revenue and profit rose strongly, with a higher dividend and robust hiring trends.2154
Q3 2025 - Operating profit up 13.6% and revenue up 8.5%, with FY2026 revenue to decline after UK sale.2154
Q4 2025 - Net profit rose 16.4% despite a 14.9% revenue drop, driven by margin gains and cost control.2154
Q1 2026 - Profit and margins rose despite lower revenue, with higher dividends and share buybacks planned.2154
Q2 2026 - Profits rose despite revenue decline, driven by reforms, M&A, and improved margins.2154
Q3 2026
Next Open Up Group earnings date
Next Open Up Group earnings date
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