ASIRO (7378) Q3 2026 earnings summary

Executive summary

• Revenue for the cumulative 3Q FY2026 reached ¥5,312 million, up 5.3% year-over-year, driven by growth in the Legal Alliance segment and stable sales progress.

• Operating profit declined 18.3% year-over-year to ¥964 million due to upfront investments, lower high-margin product sales, and increased costs in new service development.

• Net profit attributable to owners fell 22.1% year-over-year to ¥635.1 million.

• Segment growth was led by the Legal Alliance business and steady performance in Legal Media regular products.

• The HR dispatch business was divested in April 2025 and classified as a discontinued operation.

Financial highlights

• 3Q FY2026 revenue: ¥1,751 million (+2.9% YoY); operating profit: ¥313 million (−4.9% YoY); net profit attributable to owners: ¥206 million (−2.9% YoY).

• EBITDA was ¥1,045 million, down 18.5% year-over-year; adjusted EBITDA was ¥998 million, down 18.6%.

• Basic EPS for the period was ¥89.26, compared to ¥111.96 in the prior year.

• Cash and equivalents at period-end were ¥1,758 million, down ¥707.9 million from the previous year-end.

• Excluding high-priced products, consolidated revenue grew 21.6% YoY, with all segments showing double-digit growth.

Outlook and guidance

• FY2026 full-year revenue forecast: ¥7,000 million; operating profit: ¥1,500 million; net profit: ¥980 million.

• Progress rates as of 3Q: revenue 75.9%, operating profit 64.3%, net profit 64.8%.

• No changes have been made to previously announced guidance.

• Investments in business foundation and AI measures are expected to drive higher performance from FY2027 onward.