CYND (4256) Q4 2026 earnings summary

Executive summary

• Revenue for FY2026 reached ¥2,542 million, up 13.4% year-over-year, with EBITDA up 14.4% and net income attributable to shareholders up 53.7%.

• Growth was driven by expansion of core cloud-based reservation systems and new service launches, including BeautyPay and BM Smart Mirror.

• Contracted stores grew 13.8% year-over-year to 23,553, with ARPU stable and customer churn rate low at 0.65%.

• Subscription revenue and ARR both showed double-digit growth, supporting recurring revenue stability.

• Focused on increasing market share and diversifying revenue streams through new digital and payment solutions.

Financial highlights

• Gross profit increased 12.0% year-over-year to ¥1,953 million, with a gross margin of 76.8%.

• Operating income rose 39.7% year-over-year to ¥331 million, with an operating margin of 13.0%.

• Net income increased 53.7% year-over-year to ¥172 million; EPS rose to ¥28.50 from ¥19.23.

• Cash and deposits at year-end totaled ¥2,214 million, up ¥143 million from the previous year.

• Operating cash flow was ¥542 million, up 29.9% year-over-year; investing cash outflow decreased sharply.

Outlook and guidance

• FY2027 revenue is forecast at ¥3,001 million (+18.1% YoY), with EBITDA of ¥662 million (+1.4% YoY), and net income at ¥188 million (+9.0%).

• Operating income is projected to rise 4.2% to ¥345 million.

• Contracted stores are targeted to reach 26,500 by FY2027 year-end.

• Ongoing investments in marketing, payment platform expansion, and new service foundations are expected to impact profit growth.

• Guidance is based on current information and subject to change with market conditions.