CMC Corporation (2185) Q1 2026 earnings summary

Executive summary

• Revenue rose 23.0% year-over-year to ¥4,569 million for the first quarter, driven by strong growth in both Manuals and Knowledge businesses.

• Operating income surged 153.1% year-over-year to ¥660 million, with net income attributable to shareholders up 62.4% to ¥562 million.

• Growth was supported by increased demand for digital transformation, especially in AI-related services, and improved profitability from business mix.

Financial highlights

• Revenue: ¥4,569 million (+23.0% YoY); Operating income: ¥660 million (+153.1% YoY); Ordinary income: ¥844 million (+59.8% YoY); Net income: ¥562 million (+62.4% YoY).

• Gross profit margin improved as business mix shifted toward higher-value services.

• Comprehensive income for the quarter was ¥643 million, up 74.4% year-over-year.

Outlook and guidance

• Full-year revenue forecast remains at ¥20,000 million (+9.6% YoY), with operating income projected at ¥3,000 million (+11.3% YoY) and net income at ¥2,200 million (+2.3% YoY).

• No changes to previously announced guidance.

• Dividend forecast for the year is ¥55.00 per share, up from ¥52.00 last year.