F&M Co. (4771) Q4 2026 earnings summary

Executive summary

• Consolidated revenue for FY2026 Q4 reached ¥20,807 million, up 21.9% year-over-year, driven by steady growth in membership and service expansion across all segments.

• Operating income rose 42.0% year-over-year to ¥3,858 million, with net income up 55.7% to ¥2,825 million.

• All major business segments—Accounting Services, Consulting, and Business Solutions—reported double-digit revenue and profit growth, with notable gains in consulting and business solutions.

• Growth was supported by robust membership expansion and digital transformation demand.

Financial highlights

• Revenue: ¥20,807 million (+21.9% YoY); Operating income: ¥3,858 million (+42.0% YoY); Net income: ¥2,825 million (+55.7% YoY).

• EBITDA increased 35.8% year-over-year to ¥5,903 million; EBITDA margin improved to 28.4%.

• EPS rose to ¥191.02, up from ¥123.40 in the previous year.

• Gross profit margin remained high at 67.6%.

• Total assets increased to ¥20,642 million (+¥3,336 million YoY); cash and equivalents at year-end: ¥6,740 million.

Outlook and guidance

• FY2027 revenue is projected at ¥24,694 million (+18.7% YoY), with operating income forecast at ¥4,156 million (+7.7% YoY).

• Net income is expected to reach ¥2,875 million (+1.7% YoY).

• Medium-term plan targets ¥30 billion revenue and ¥6 billion operating income by FY2028.

• Continued focus on expanding membership, AI-driven efficiency, and product enhancements.