Global Security Experts (4417) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 net sales and profits, with year-on-year growth across all business domains and steady progress toward full-year targets.

• Net sales for the six months ended September 30, 2025, rose 23.8% year-over-year to ¥4,960.8 million, driven by strong demand for cybersecurity services and training amid rising cyber threats and regulatory focus in Japan.

• Operating income increased 35.4% year-over-year to ¥960.7 million, with all service lines experiencing growth despite higher personnel expenses.

• Expanded service provision through alliances, notably with Kirayaka Bank, and enhanced training offerings via partnership with LRM, Inc.

• Continued focus on addressing Japan's cybersecurity needs and personnel shortages.

Financial highlights

• Q2 net sales: ¥4,960 million, up 23.8% year-over-year.

• Q2 operating income: ¥960 million, up 35.4% year-over-year.

• Q2 net income: ¥584 million, up 38.3% year-over-year.

• Gross profit margin improved to 36.2% from 35.0% year-over-year.

• EPS for 1H: ¥38.86, up from ¥28.09 year-over-year (adjusted for stock split).

Outlook and guidance

• Full-year forecast: net sales ¥11,000 million (+25%), operating income ¥2,200 million (+36.2%), net income ¥1,417 million (+40.3%).

• Net income per share for the full year is forecast at ¥94.23, adjusted for the stock split.

• Operating income margin target: 20%.

• Progress rates for net sales and operating income are on track at 45.1% and 43.7%, respectively.

• No changes have been made to previously announced performance or dividend forecasts.