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SHIFT
SHIFT (3697) investor relations material
SHIFT Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary14 Jan, 2026
Executive summary
Q1 net sales reached JPY 34.8 billion, up 15.5% year-on-year and 23.2% of the annual target, driven by digital transformation demand and robust software services.
Operating profit declined 19.9% year-on-year to JPY 2.8 billion, mainly due to increased hiring and SG&A expenses.
Proactive investments in recruitment and AI, with AI revenue on track for JPY 7 billion and a target of JPY 10 billion.
Major M&A with Nisseacom, expected to add JPY 20.9 billion in sales and JPY 1.5 billion in operating profit.
Share buyback of up to 3% or JPY 10 billion to address undervaluation and enhance capital efficiency.
Financial highlights
Gross profit margin declined by 0.7 points to 32.5% due to strategic investments and lower utilization rates.
Adjusted operating profit for Q1 was JPY 3.3 billion, with an adjusted margin of 9.5%.
Net income attributable to owners was JPY 1.8 billion, down 9.2% year-on-year.
SG&A expenses increased 30.7% year-on-year, mainly from personnel and recruiting costs.
Total assets as of November 30, 2025, were JPY 79.1 billion, with net assets at JPY 42.9 billion and an equity ratio of 53.5%.
Outlook and guidance
FY2026 sales target is JPY 150 billion, with adjusted operating profit guidance of JPY 20 billion and adjusted EPS of JPY 51.3.
Sales growth above 120% year-on-year expected in Q2 and Q3.
Long-term targets: JPY 200 billion sales by 2028 and JPY 300 billion by 2030.
Quantify AI's impact on gross margin?
Nisseicom M&A: SG&A improvement potential?
Sales strategy to boost 50B-1T yen market share?
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Next SHIFT earnings date
Q2 202610 Apr, 2026
SHIFT
Next SHIFT earnings date
Q2 202610 Apr, 2026
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Frequently asked questions
SHIFT Inc specializes in providing comprehensive software quality assurance and testing solutions. Positioned within the technology sector, specifically in the software application industry, the company has developed a robust portfolio that includes a software test management tool known as CAT, alongside quality platforms and software consulting services. With its foundation rooted in software testing, SHIFT Inc. has expanded its offerings to cover various aspects of quality assurance, including test design, execution, automated testing, and educational programs. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.
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