BELLSYSTEM24 (6183) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended November 30, 2025, rose 1.4% year-over-year to 109.5 billion yen, with operating income up 28.1% and net income attributable to owners up 30.7%, driven by profitability initiatives and higher billing rates.

• Net income rose significantly, supported by gains from a partial sale of the content business and improved performance at equity-method affiliates.

• CRM business transformation focused on solution-based models and new technologies, including the launch of the proprietary "Knowledge Generator" for contact center automation.

• Strategic alliances and divestitures included a capital and business alliance with Hedgehog MedTech, the transfer of certain business divisions, and collaboration with ITOCHU.

• Diversity and inclusion initiatives earned the highest Gold rating in the PRIDE Index 2025 for the seventh consecutive year.

Financial highlights

• Revenue: 109.5 billion yen, up 1.4% year-over-year (+1.52 billion yen).

• Operating income: 9.4 billion yen, up 28.1% year-over-year (+2.07 billion yen).

• Net income attributable to owners: 6.1 billion yen, up 30.7% year-over-year (+1.44 billion yen).

• Basic earnings per share rose to 82.46 yen from 63.64 yen a year earlier.

• Free cash flow increased to 14.51 billion yen; cash and cash equivalents at period-end increased by 2.04 billion yen to 9.03 billion yen.

Outlook and guidance

• Revenue progress toward the full-year plan is slightly behind schedule, but operating and net income are ahead of forecasts.

• Full-year revenue forecast is 150 billion yen (up 4.5%), with operating income projected at 12 billion yen (up 3.6%).

• Net income attributable to owners is forecast at 8.1 billion yen, with basic EPS of 110.10 yen.

• Annual dividend forecast maintained at 60 yen per share, with a payout ratio target of 50%.

• Forward-looking statements are subject to risks and uncertainties; actual results may differ materially.