JAC Recruitment (2124) Q3 2026 earnings summary

Executive summary

• 9M FY2026 revenue rose 11.8% YoY to ¥39,577 million; operating income increased 14.0% to ¥11,196 million and profit attributable to owners of parent grew 0.9% to ¥7,077 million.

• Growth was driven by specialist recruitment, particularly IT, consulting and finance, alongside a 22.6% rise in overseas sales.

Financial highlights

• 9M gross profit increased 12.8% to ¥37,011 million; ordinary income rose to ¥11,281 million from ¥9,837 million.

• EBITDA increased 13.7% to ¥11,610 million, with a 29.3% margin, up 0.5 percentage points YoY.

• Parent profit growth was constrained by a ¥575 million additional tax charge tied to the prior-year wage-increase tax credit and ¥554 million higher taxes on increased taxable income.

• EPS was ¥44.68 versus ¥44.24 in 9M FY2025.

Outlook and guidance

• FY2026 forecast unchanged: revenue ¥53,200 million, operating income ¥12,600 million, parent profit ¥8,600 million and EPS ¥54.18.

• Forecast YoY growth is 15.4% for revenue, 13.5% for gross profit, 7.8% for operating income and 9.5% for parent profit.

• 9M sales fell slightly short of plan; manufacturing recovery from April did not fully offset the earlier shortfall. Priorities include reducing reliance on recruitment scouting platforms and reforming middle- and back-office operations.