Fullcast Holdings (4848) Q2 2025 earnings summary

Executive summary

• Net sales increased 3.2% year-over-year to ¥34,722 million, with growth across all segments despite the exclusion of BOD Co., Ltd. from consolidation.

• Operating profit declined 1.9% year-over-year to ¥4,184 million, impacted by ¥433 million in strategic investment costs.

• Profit attributable to owners of parent dropped 19.4% year-over-year to ¥2,842 million, reflecting the absence of a prior-year extraordinary gain.

• Strategic investments and M&A activity continued, including the acquisition of Tuclicks Inc. and property LLCs, and the establishment of a joint venture with HIKARI TSUSHIN, INC.

• Several subsidiaries were added, and Work And Smile Co., Ltd. was discontinued to improve efficiency.

Financial highlights

• Net sales: ¥34,722 million (+3.2% YoY); Operating profit: ¥4,184 million (-1.9% YoY); Ordinary profit: ¥4,260 million (-1.4% YoY); Profit attributable to owners of parent: ¥2,842 million (-19.4% YoY).

• Gross profit: ¥12,759 million (+4.8% YoY); SG&A expenses: ¥8,575 million (+8.5% YoY).

• Comprehensive income fell 25.6% year-over-year to ¥2,716 million.

• Basic earnings per share was 81.18 yen, down from 100.10 yen year-over-year.

• Interim dividend of ¥31 per share approved, with a total return ratio target of 50% and ROE target of 20%+.

Outlook and guidance

• No revision to full-year forecasts; 1H results represent 47–52% progress toward full-year targets across key metrics.

• Full-year net sales forecast at ¥73,020 million (+6.5% YoY); operating profit projected at ¥8,325 million (+16.7%), ordinary profit at ¥8,529 million (+16.6%), and profit attributable to owners of parent at ¥5,482 million (-0.2%).

• Strategic investments of ¥1,000 million planned for FY12/25 to reinforce competitiveness and operational systems.