JAC Recruitment (2124) Q1 2026 earnings summary

Executive summary

• Revenue and profit for 1Q FY2026 were broadly in line with plan, with strong YoY growth across all key metrics, including net sales of ¥13,539 million (up 14.8% YoY), operating income of ¥4,389 million (up 28.7% YoY), and net profit attributable to owners of ¥3,003 million (up 28.5% YoY).

• Domestic Recruitment Business accounted for about 90% of consolidated net sales and achieved record-high revenue and profit, with notable growth in high-salary segments.

• The impact of geopolitical risks and generative AI on business performance remained limited during the quarter.

• The company focused on strengthening human capital, hiring 203 new graduates and enhancing training and management systems.

Financial highlights

• Revenue rose 14.8% YoY to ¥13,539 million; gross profit increased 15.1% YoY to ¥12,587 million, with a gross margin of approximately 93%.

• Operating income grew 28.7% YoY to ¥4,389 million; EBITDA margin improved to 33.4%.

• Net profit attributable to owners increased 28.5% YoY to ¥3,003 million; EPS for Q1 2026 was ¥18.96, up from ¥14.78 in Q1 2025.

• Comprehensive income for Q1 2026 was ¥3,017 million, up 31.7% YoY.

• All business segments posted revenue growth for the third consecutive year.

Outlook and guidance

• FY2026 forecast remains unchanged: revenue expected at ¥53,200 million (+15.4% YoY), operating income ¥12,600 million (+7.8% YoY), net profit at ¥8,600 million (+17.1% YoY), EPS ¥54.18.

• Continued focus on efficiency, ROI management, and human capital to achieve profit targets.

• Monitoring corporate hiring trends amid potential Middle East instability and oil price fluctuations.

• No change to previously announced financial results forecast.