GVA TECH (298A) Q3 2026 earnings summary

Executive summary

• Q3 revenue was ¥400m, up 11.3% YoY; LegalTech SaaS growth offset declining registration revenue.

• 9M revenue reached ¥1,221.0m, up 10.2% YoY; operating, ordinary and net losses narrowed.

• FY2026 revenue guidance was cut to ¥1,624m amid weaker registration revenue and delays in newer-service revenue recognition and monetization.

Financial highlights

• Q3 revenue was ¥400m, up 11.3% YoY and down 4.7% QoQ; gross profit was ¥267m, up 21.0% YoY.

• Q3 gross margin was 66.9%, up 5.4 percentage points YoY; SG&A was ¥306m, down 8.1% YoY.

• Q3 operating loss was ¥38m and net loss ¥48m, narrowing ¥73m and ¥69m YoY, respectively.

• 9M gross profit was ¥790.4m, up 16.4% YoY; operating loss was ¥161.4m vs ¥259.8m, ordinary loss ¥183.2m vs ¥268.8m, and net loss ¥185.0m vs ¥270.2m.

Outlook and guidance

• FY2026 revenue guidance was cut to ¥1,624m from ¥2,096m; revised outlook is up 9.5% vs FY2025 actual and 22.4% below the initial forecast.

• FY2026 LegalTech SaaS revenue forecast was revised to ¥1,060m, 29.9% above FY2025 but 17.1% below the initial plan; registration revenue was revised to ¥564m.

• FY2026 operating loss is forecast at ¥206m, ordinary loss at ¥239m and net loss at ¥242m; EPS loss is forecast at ¥52.28.

• Strategy prioritizes LegalTech SaaS growth, company-wide cost optimization and earlier profitability.