Demae-Can (2484) Q4 2026 earnings summary

Executive summary

• FY26 revenue was ¥39,057m, down 1.7% on the reported basis; operating loss widened to ¥8,288m from ¥4,923m, and net loss widened to ¥8,246m.

• Revenue was ¥39.1bn, 102% YoY on the stated reference basis, and close to revised guidance of ¥39.2bn; FY25 reported-basis revenue was ¥39.7bn.

• Orders and revenue returned to YoY growth in 2H FY26 as strategic growth investments resumed from 2H FY25.

Financial highlights

• FY26 Q4 revenue was ¥10,766m and operating loss was ¥1,917m; Q4 gross margin was 4.6%.

• Gross profit fell to ¥637m from ¥4,570m as cost of sales rose to ¥38,420m; SG&A was ¥8,925m.

• Ordinary loss was ¥8,235m versus ¥4,968m; loss per share was ¥74.02 versus ¥43.62.

• Total assets fell ¥7,626m YoY to ¥31,221m; net assets declined ¥8,193m to ¥20,431m, mainly reflecting the net loss.

• September 2026 preliminary operating loss narrowed to ¥85m as revenue growth accelerated and profitability improved.

Outlook and guidance

• FY27 Q1 revenue guidance is ¥11.0–11.5bn, or 122.4%–127.9% YoY, with positive operating profit expected.

• Q1 goals include double-digit top-line growth and positive operating profit while continuing fixed-cost optimization.

• Forecasts are issued quarterly due to short-term volatility in consumer demand and competitive conditions; actual results may differ significantly.