BELLSYSTEM24 (6183) Q1 2026 earnings summary

Executive summary

• Q1 revenue was 36.61 billion yen, nearly flat year-over-year, while operating income rose 11.1% to 2.89 billion yen and net income attributable to owners increased 10.0% to 1.86 billion yen, driven by improved profitability and cost control.

• The CRM business, the core segment, saw a slight revenue decline but achieved a 9.3% increase in income before income taxes, supported by business model transformation and new technology adoption.

• Growth was driven by improved profitability, cost reductions, and expansion in smart business support and ITOCHU synergy revenues.

• New initiatives included the launch of s.i.g.n., BellCloud+ CX (generative AI-equipped platform), and partnerships to digitize local government services.

• The company maintained its focus on employee health and productivity, earning recognition for health management initiatives.

Financial highlights

• Revenue: 36.61 billion yen, down 0.6% year-over-year.

• Operating income: 2.89 billion yen, up 11.1% year-over-year.

• Net income attributable to owners: 1.86 billion yen, up 10.0% year-over-year.

• Gross profit increased by 2.2% year-over-year to 6.70 billion yen.

• Cash and cash equivalents at period end were 8.18 billion yen, up 1.18 billion yen from the previous fiscal year-end.

Outlook and guidance

• Revenue progress rate against full-year plan: 24.4%.

• Full-year revenue forecast for FY ending February 28, 2026, is 150 billion yen (up 4.5% YoY), with operating income of 12 billion yen (up 3.6%) and net income attributable to owners of 8.1 billion yen (up 1.2%).

• Dividend forecast remains unchanged at 60 yen per share for the full year.

• Steady expansion of ITOCHU synergy revenue projected from Q2 onward.