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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
SHIFT
SHIFT (3697) investor relations material
SHIFT Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2026 earnings summary15 Oct, 2026
Executive summary
FY2026 net sales reached ¥161.6bn (+24.5%) and adjusted operating profit ¥20.259bn (+14.8%), exceeding targets; Q4 adjusted operating profit rose 69% YoY.
Sales reforms revived organic growth; AI services gained traction, and back-office AI delivered productivity equivalent to 113 FTEs.
Growth reflected stronger sales, acquisition consolidation and rising AI-related services; recruitment costs and lower utilization constrained operating profit growth.
Strategy targets ¥300bn in sales through AI-enabled services, productivity improvements and M&A-led expansion.
Financial highlights
FY2026 net sales were ¥161.6bn, up 24.5%; gross profit was ¥54.2bn and reported operating profit was ¥17.445bn, up 11.6%.
Adjusted operating profit was ¥20.259bn, up 14.8%; adjusted net income was ¥10.12bn, versus a ¥9bn target.
Reported net income attributable to owners was ¥7.43bn, down 16.8%; ordinary profit fell 12.3% to ¥13.32bn, primarily amid a ¥3.861bn equity-method loss.
Q4 net sales were ¥45.8bn, up 33%; adjusted operating profit was ¥7.1bn, up 69%, and adjusted net income was ¥4.4bn, up 40%.
EBITDA was ¥21.604bn, up 14.5%; adjusted ordinary profit was ¥16.162bn, down 6.0%, and adjusted profit attributable to owners was ¥10.12bn, down 7.6%.
Outlook and guidance
FY2027 base budget: revenue ¥190bn (+17.6%), adjusted operating profit ¥25bn (+23.4%; 13.2% margin) and adjusted net profit ¥16.5bn (+63.0%).
FY2027 stretch targets: revenue ¥200bn (+24%), adjusted operating profit ¥31.4bn (+55%; 15.7% margin) and adjusted net profit ¥21.2bn (+109%).
FY2027 gross-margin targets are 34.5% base and 36.0% stretch; stretch assumes 25% of sales with AI and 3% Native AI.
FY2030 base targets are ¥300bn revenue and ¥52.5bn adjusted operating profit; stretch targets are ¥365bn and ¥87.5bn, respectively.
Priorities include AI-driven productivity, service upgrades, business-domain expansion and strategic investment; FY2027 guidance allows flexible investment and contingency spending.
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Latest events from SHIFT
- Net sales up 21.4% YoY to ¥115,848m, with margin pressure but strong AI-driven growth and guidance raised.3697
Q3 2026 - Record sales growth driven by AI, with profits pressured by upfront investments and hiring.3697Q2 2026
- Q1 sales up 15.5% YoY; profit margins declined as hiring and SG&A costs rose.3697Q1 2026
- Record sales and profit growth, strong segment gains, and ambitious FY2026 targets.3697Q4 2025
- Profits and revenues soared on strong DX demand, with upgraded guidance and expanded financing.3697Q3 2025
- Sales up 25.7% but profit down; FY2025 targets strong growth and strategic investments.3697Q4 2024
- Sales up 28.1% YoY, but profit margins pressured by M&A and lower utilization.3697Q3 2024
- Record-high margins and profit growth, with AI and acquisitions fueling long-term expansion.3697Q2 2025
- Q1 FY2025 profit and margin surged, driven by strong sales and strategic growth initiatives.3697Q1 2025
Next SHIFT earnings date
Q1 202713 Jan, 2027
SHIFT
Next SHIFT earnings date
Q1 202713 Jan, 2027
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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.