F&M Co. (4771) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2025, was ¥15,020 million, up 21.9% year-over-year, with operating profit of ¥2,601 million (up 39.6%) and net income of ¥1,767 million (up 42.8%).

• Growth was driven by increased membership, service expansion in core businesses, and efficiency improvements across operations.

Financial highlights

• Revenue for Q3 FY2026 was ¥15,020 million, up 21.9% year-over-year.

• Operating profit rose 39.6% to ¥2,601 million, and net income increased 42.8% to ¥1,767 million.

• EBITDA grew 34.2% to ¥4,086 million, with an EBITDA margin of 27.2%.

• EPS for Q3 FY2026 was ¥119.52, up from ¥84.37 in Q3 FY2025.

• Interim dividend raised to ¥21.00 per share, with full-year forecast at ¥42.00.

Outlook and guidance

• Full-year revenue is projected at ¥20,867 million, a 22.3% increase from the previous year.

• Operating profit is forecasted to reach ¥3,132 million, up 15.3% year-over-year.

• Net income is forecasted at ¥2,088 million, up 15.1% year-over-year.

• No changes to previously announced earnings guidance.

• All major segments are expected to see continued growth in both sales and membership.