Bridge Consulting Group (9225) Q2 2026 earnings summary

Executive summary

• Transitioned to a three-division structure in October 2025, later shifting to a single Professional Sharing Business segment after absorbing subsidiaries.

• Formed strategic alliances with Funai Soken, Tsujihongo Group, and Funai Research Institute to expand growth support for listed and mid-sized companies.

• Absorbed Bridge Executive Search and BridgeResourceStrategy to streamline operations and focus on core CPA business.

• Launched new services and digital platforms, including enhancements to the CPA.job platform and the introduction of Maruzen Research.

• The business environment remains uncertain due to inflation, geopolitical risks, and labor shortages, but the company continues to expand its professional talent platform and consulting services.

Financial highlights

• Revenue for 2026/9 2Q cumulative: ¥1,183 million, up 10.7% year-over-year.

• Gross profit margin improved to 53.99%, up 0.63pt year-over-year.

• Operating income for 2Q: ¥67 million, down 46.5% year-over-year due to increased SG&A from personnel and system investments.

• Net income for 2Q: ¥29 million, down 66.2% year-over-year, impacted by impairment losses on investment securities.

• Total assets at March 31, 2026, were ¥1,659 million, with net assets at ¥1,259 million and an equity ratio of 75.9%.

Outlook and guidance

• Full-year 2026/9 revenue forecast: ¥2,651 million, up 25.5% year-over-year.

• Operating income forecast: ¥149 million, down 21.7% year-over-year, reflecting continued investment in personnel and systems.

• Net income forecast: ¥89 million, down 34.0% year-over-year.

• The company revised its earnings forecast, reflecting changes in business structure and special items.

• Focus on expanding the CPA.job database, enhancing matching services, and strengthening alliances to achieve ¥10 billion revenue by 2030.