Ai Robotics (247A) Q1 2027 earnings summary

Executive summary

• Q1 FY2027 net sales rose 146.1% YoY to ¥11,075.8m, led by store wholesale expansion; channel-transition costs contributed to an operating loss of ¥531.4m.

• Monthly operating profit turned positive in June at ¥987m after Q1 transformation investments were completed.

Financial highlights

• Gross profit was ¥6,991.6m, up 101.6% YoY; gross margin was 63.1%, down 14.0 points.

• SG&A rose 118.0% to ¥7,522m, while the SG&A ratio improved 8.8 points to 67.9%.

• Operating loss was ¥531.4m, ordinary loss ¥737.7m and net loss attributable to owners of parent ¥495.8m; interest and M&A financing fees drove the ¥206m gap between operating and ordinary results.

• Adjusted EBITDA was ¥113m versus ¥27m a year earlier; adjusted EBITDA margin was 1.0% versus 0.6%, and adjusted profit was ¥109m.

• Consolidated quarterly reporting began in Q1 FY2027, so the statutory quarterly statements present no prior-year comparison.

Outlook and guidance

• FY2027 guidance remains net sales of ¥56,000–60,000m and operating profit of ¥7,500–10,000m; adjusted EBITDA is forecast at ¥9,500–12,000m and adjusted profit at ¥5,900–7,400m.

• Forecasts are unchanged from May 13, 2026; operating profit assumes ¥1,500m of goodwill and related M&A amortization. Adjusted forecasts exclude M&A expenses and goodwill amortization, with depreciation added back to adjusted EBITDA.

• Profit is weighted toward H2, reflecting wholesale shipment timing tied to shelf resets and sales negotiations; distribution growth and SELL-based ad optimization are intended to support H2 profit.

• FY2029 targets are net sales of ¥220.0bn, operating profit of ¥40.0bn and profit of ¥28.0bn, assuming ¥1,500m of M&A-related goodwill amortization.