Visional (4194) investor relations material

Executive summary

• Consolidated net sales for FY2026/7 2Q YTD reached JPY 46.61Bn, up 26.2% year-over-year, with EBITDA at JPY 14.02Bn (28.6% YoY growth, 30.1% margin).

• Operating profit for 2Q YTD was JPY 12.77Bn (+24.9% YoY, 27.4% margin); profit attributable to owners of parent was JPY 9.40Bn (+24.5% YoY, 20.2% margin).

• BizReach business drove group performance, supported by strong demand for professional human resources.

• Both HR Tech and Incubation segments delivered strong growth, with HR Tech net sales at JPY 44.14Bn (+23.4% YoY) and Incubation at JPY 2.47Bn (+121.1% YoY).

• BizReach and HRMOS businesses are progressing on plan, with BizReach net sales at JPY 38.30Bn (+19.2% YoY) and HRMOS at JPY 4.14Bn (+73.9% YoY).

Financial highlights

• 2Q net sales were JPY 23.27Bn (+27.6% YoY), with EBITDA of JPY 6.42Bn (+25.8% YoY, 27.6% margin).

• Gross profit increased to JPY 41.76Bn from JPY 33.61Bn YoY, with gross profit margin at 89.6% for 2Q YTD.

• Comprehensive income for the period was JPY 9.51Bn, up 23.8% YoY.

• Basic earnings per share rose to JPY 234.10 from JPY 190.21 YoY.

• Cash and deposits at period end were JPY 69.89Bn, down from JPY 72.78Bn at the previous fiscal year end.

Outlook and guidance

• FY2026/7 consolidated net sales forecast is JPY 99.20Bn (+23.7% YoY), EBITDA forecast is JPY 26.00Bn (+12.1% YoY, 26.2% margin), and operating profit forecast is JPY 23.10Bn (+7.7% YoY, 23.3% margin).

• Profit attributable to owners of parent forecast is JPY 16.08Bn (+0.8% YoY).

• BizReach net sales forecast is JPY 80.30Bn (+17.0% YoY), with a 40% operating profit margin; HRMOS net sales forecast is JPY 9.00Bn (+72.6% YoY).

• HRMOS FY operating loss forecast revised to JPY 0.60Bn due to increased growth investments.

• No change to previously issued financial results forecast.