i-mobile Co (6535) Q4 2025 earnings summary

Executive summary

• FY2025 net sales and operating profit reached records, but both were below the original plan; profit attributable to owners of parent exceeded plan.

• Consumer Service growth offset weaker Online Advertising results; FY2026 guidance forecasts continued profit growth, with sales growth moderating.

Financial highlights

• FY2025 net sales were ¥21,528 million, up 14.9% YoY and 93.6% of plan; operating profit was ¥4,133 million, up 16.5% and 91.9% of plan.

• Profit attributable to owners of parent was ¥2,957 million, up 22.2% YoY and 100.2% of plan; ordinary profit was ¥4,069 million, up 17.6%.

• Gross profit rose to ¥21,500 million from ¥18,702 million, while SG&A increased to ¥17,367 million from ¥15,153 million.

• Extraordinary income was ¥252 million, including a ¥239 million gain on investment securities; extraordinary losses were ¥197 million, including ¥148 million in relocation expenses and ¥53 million in impairment losses.

• Higher human-capital investment, head-office relocation, restructuring and settlement costs were absorbed while operating profit increased.

Outlook and guidance

• FY2026 forecast: net sales ¥22,000 million (+2.2%), operating profit ¥4,500 million (+8.9%), ordinary profit ¥4,460 million (+9.6%) and parent-attributable profit ¥3,120 million (+5.5%).

• FY2026 basic EPS is forecast at ¥55.67; year-end dividend is expected to be ¥27 per share.

• FY2026 segment forecasts: Consumer Service sales ¥19,750 million and operating profit ¥4,600 million; Online Advertising sales ¥2,300 million and operating profit ¥60 million.

• FY2027 medium-term targets are net sales ¥26,300 million and operating profit ¥5,000 million, with growth expected from businesses around hometown tax donations.

• Priorities include Furunavi loyalty and market share, expanded travel and municipal services, and Online Advertising portfolio restructuring and new-market development.