Aucnet (3964) Q1 2026 earnings summary

Executive summary

• Q1 FY2026 net sales rose 13.8% YoY to ¥18,189m; operating profit increased 4.6% to ¥3,226m, ordinary profit 7.5% to ¥3,222m, and profit attributable to owners 7.2% to ¥2,156m.

• Growth reflected higher transaction values and volumes across digital products, fashion resale, and used-vehicle services; Lifestyle Products and Mobility & Energy were ahead of expectations.

• Profit increased despite higher amortization and advertising expenses that had initially prompted expectations of lower profit.

Financial highlights

• EBITDA was ¥3,506m, up 4.4% YoY; operating profit margin was 17.7%, down 1.6pt from 19.3%.

• Transaction amount across services reached ¥210,589m, up 19.3% YoY.

• Gross profit rose to ¥7.51bn from ¥6.91bn; SG&A increased to ¥4.28bn from ¥3.83bn.

Outlook and guidance

• FY2026 forecasts were raised to net sales ¥72,000m, operating profit ¥11,500m, ordinary profit ¥11,350m, and profit attributable to owners ¥7,500m.

• Revised forecasts imply YoY growth of 12.3% in sales, 20.8% in operating profit, 19.2% in ordinary profit, and 26.7% in profit attributable to owners.

• Revised FY2026 basic EPS is ¥82.60 and forecast operating margin is 16.0%; Q1 progress was 25.6% for sales, 28.1% for operating profit, 28.4% for ordinary profit, and 28.7% for net profit.