BuySell Technologies (7685) Q3 2026 earnings summary

Executive summary

• 9M FY2026 net sales rose 47.4% YoY to ¥108,512 million; operating income increased 75.8% to ¥13,212 million and net income attributable to owners rose 95.1% to ¥8,432 million.

• Progress against FY2026 forecasts reached 77.5% for net sales, 84.7% for operating income and 86.0% for net income.

• Home-visit activity accelerated in Q3, while store-purchase growth was tempered by customer selling behavior; cost management supported profitability and unchanged full-year forecasts.

Financial highlights

• 9M gross profit increased 44.7% YoY to ¥56,725 million; net sales rose 47.4% to ¥108,512 million.

• Operating income was ¥13,212 million, up 75.8%; ordinary profit was ¥12,894 million, up 81.8%. Adjusted EBITDA was ¥14,359 million, up 67.7%.

• Net income attributable to owners reached ¥8,432 million, up 95.1%; comprehensive income was ¥8,437 million, up 94.6%.

• Q3 standalone net sales were ¥36,150 million, up 41.1% YoY; operating income was ¥3,969 million, up 48.6%.

Outlook and guidance

• FY2026 forecasts: net sales ¥140,000 million, operating income ¥15,600 million, adjusted EBITDA ¥17,147 million, ordinary profit ¥15,200 million and net income ¥9,800 million.

• Forecasts for earnings and dividends were unchanged; basic EPS is ¥158.43 and the dividend is ¥27 per share after the split, with a 17.0% payout ratio.

• FY2026 home-visit target is 530,000 visits; 9M visits were 381,909 and October visits reached 56,629, up 31% YoY.

• 9M variable profit per home visit was ¥63,609, above the FY2026 plan of ¥62,350; forecast advertising cost per visit is ¥26,500.

• Overseas medium-term targets by end-FY2027 are monthly sales of several thousand items and monthly gross profit of at least ¥100 million in each of the U.S. and China; these are objectives, not forecasts.