F&M Co. (4771) Q1 2027 earnings summary

Executive summary

• Achieved strong growth in all segments, with consolidated revenue up 24.6% and operating profit up 82.4% year-over-year for Q1 FY2027.

• Net profit attributable to shareholders increased 84.8% to ¥514 million.

• Growth was driven by increased membership and service expansion in core businesses, with all major segments contributing positively.

• Launched new AI tools and expanded partnerships, notably with MUFG Bank for consulting services.

Financial highlights

• Revenue: ¥5,264 million (+24.6% YoY); Operating profit: ¥797 million (+82.4% YoY); Net profit: ¥514 million (+84.8% YoY).

• Gross profit for Q1 FY2027 was ¥3,425 million, up from ¥2,784 million year-over-year.

• Gross profit margin: 65.0%; Operating margin: 15.1%; EBITDA: ¥1,381 million (+50.8% YoY).

• EPS for Q1 FY2027: ¥34.77, up from ¥18.82 in Q1 FY2026.

• Total assets at quarter-end were ¥19,705 million, with net assets of ¥15,493 million and an equity ratio of 78.6%.

Outlook and guidance

• FY2027 full-year revenue forecast: ¥24,694 million (+18.7% YoY); Operating profit: ¥4,156 million (+7.7% YoY); Net profit: ¥2,875 million.

• Segment growth targets: Consulting (+24.0%), Business Solutions (+25.2%), Accounting Services (+7.0%).

• Membership growth expected in all major segments.

• No changes to previously announced guidance; management notes forecasts are subject to change based on external factors.