F&M Co. (4771) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 27.9% YoY to ¥11,458 million; operating profit increased 113.1% to ¥1,997 million and net income rose 113.3% to ¥1,381 million.

• Growth reflected expanding membership, broader service offerings, operational efficiency and subsidy-related awards.

Financial highlights

• Revenue increased ¥2,502 million YoY; gross profit was ¥7,507 million, up 26.5%.

• Ordinary profit rose 111.7% to ¥2,029 million; EBITDA increased 67.4% to ¥3,189 million.

• SG&A increased 10.3% to ¥5,509 million as revenue grew.

• Comprehensive income was ¥1,380 million, versus ¥648 million in the prior-year period.

Outlook and guidance

• Revised FY2027 revenue plan is ¥25,675 million, up 23.4%, versus initial guidance of ¥24,694 million.

• Revised operating profit plan is ¥4,994 million, up 29.4%, with a 19.5% margin; initial guidance was ¥4,156 million.

• Revised plans include ordinary profit of ¥5,046 million, EBITDA of ¥7,560 million and net income of ¥3,448 million, with EPS of ¥233.12; the forecast was revised Oct. 29.

• Segment revenue plans: Accounting ¥5,806 million, Consulting ¥10,863 million and Business Solutions ¥8,492 million; subsidy revenue from later selection results is expected from Q3 onward.