Institution for a Global Society (4265) Q2 2026 earnings summary

Executive summary

• Q2 FY2026 revenue was ¥319.3m, up 21.5% YoY; operating loss narrowed to ¥46.6m from ¥183.5m, and net loss to ¥35.3m from ¥186.4m.

• HR and Education grew revenue and segment profit; PF/Web3 revenue declined as planned as career-support services were scaled back.

• Cash and equivalents rose to ¥409m, supported by positive operating and financing cash flows.

Financial highlights

• Gross profit increased 219.6% YoY to ¥176.3m; cost of sales fell 31.1% to ¥142.9m and SG&A declined 6.6% to ¥223.0m.

• Cost optimization and higher HR/Education revenue supported improvement; a 15% cost-reduction effort was cited.

• Operating cash flow was positive at ¥91m, versus an outflow of ¥72m a year earlier.

Outlook and guidance

• FY2026 revenue guidance remains ¥830m, up 37.7% YoY, with net profit forecast at ¥60m; previously announced guidance was unchanged.

• HR and Education revenue is seasonally weighted toward Q4, with March typically accounting for a larger share of annual sales and operating profit.

• Strategy includes higher-value HR consulting, domestic education adoption, rebuilding PF/Web3 around blockchain consulting and education, and advancing India operations.