Bridge Consulting Group (9225) Q3 2026 earnings summary

Executive summary

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

• Formed strategic alliances with Funai Soken, Tsujihongo Group, and other major consulting and CFO service firms to expand services for listed and growth-oriented companies.

• Absorbed Bridge Executive Search and other subsidiaries, streamlined operations, and issued new shares via third-party allotment to Tsujihongo Business Consulting Fund.

• Launched new services and digital platforms, including Maruzen Research and enhancements to the CPA.job platform, and acquired new adviser qualifications in regional stock exchanges.

• Achieved certifications and awards, including S-Adviser qualification, SME Growth Acceleration Subsidy, and major municipal IPO support contracts.

Financial highlights

• Q3 FY2026 revenue: ¥1,721.7 million, up 4.7% year-over-year; gross profit: ¥915.3 million, up 3.8%.

• Operating income for Q3: ¥58.8 million, down from ¥156 million year-over-year, reflecting increased personnel and system investments.

• Net income for Q3: ¥22.9 million, down from ¥105 million year-over-year, impacted by one-time investment security impairment.

• Gross margin for Q3: 53.16%, slightly down by 0.48pt year-over-year; operating margin: 3.41%, net margin: 1.3%.

• FY2026 full-year forecast: revenue ¥2,651 million (+25.5%), gross profit ¥1,361 million (+22.9%), operating income ¥149 million (-21.7%), net income ¥89 million (-34.0%).

Outlook and guidance

• No change to full-year guidance; focus remains on maximizing Q4 revenue and strengthening human resource investments.

• Continued investment in CPA.job and new service development, with ¥93 million planned for HR expansion and ¥59 million for platform enhancements.

• Targeting ¥10 billion revenue and 10,000 CPA.job registrants by FY2030.