Institution for a Global Society (4265) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue was ¥210.2M, with an operating loss of ¥153.4M and net loss of ¥150.9M; HR underperformance offset roughly on-plan Education and Global Platform results.

• The full-year outlook was revised to revenue of ¥710M, operating loss of ¥70M and net loss of ¥68M; management is rebuilding HR sales and pursuing new growth initiatives.

Financial highlights

• H1 revenue was ¥210.2M; operating loss ¥153.4M, ordinary loss ¥149.8M and net loss ¥150.9M.

• Other income included a ¥3.2M cryptocurrency valuation gain; H1 pre-tax loss was ¥149.8M.

• Total assets were ¥562.2M, down ¥86.9M from FY2026 year-end; net assets fell ¥149.1M to ¥329.3M, mainly due to the interim loss.

Outlook and guidance

• FY2027 forecast: revenue ¥710M, up 7.7%; operating loss ¥70M, ordinary loss ¥66M, net loss ¥68M and EPS of -¥14.42; forecast revised on Nov. 12.

• HR recovery priorities include securing mid-sized projects in H2 and converting GROW-AX trials into contracts to build recurring revenue from next FY.

• New HR inquiries reached ~2.9x the prior-year level and active pipeline ~1.5x; most newly sourced opportunities are expected to contribute from next FY onward.

• Forecasts depend on assumptions and actual results may differ materially; management cited a one-year funding plan and no material uncertainty over going concern at the interim date.