JBCC Holdings (9889) Q3 2026 earnings summary

Executive summary

• Achieved record-high operating profit for the fourth consecutive quarter, with double-digit growth in operating profit and revenue year-over-year for the nine-month period ending December 2025.

• Entered the latter half of the mid-term plan, with results exceeding expectations and strong growth in cloud, security, and rapid development segments.

• Upward revision of full-year earnings forecast and mid-term plan targets due to robust performance.

• Focused on managed services and security solutions for mid-to-large domestic enterprises, driving large project wins.

• Continued transformation for four consecutive years of revenue/profit growth and five consecutive years of dividend increases.

Financial highlights

• Nine-month revenue: ¥56.47 billion, up 17.8% year-over-year; operating profit: ¥5.43 billion, up 15.5%.

• Net income attributable to shareholders: ¥3.81 billion, up 12.9% year-over-year.

• Ordinary income: ¥5.63 billion, up 15.1% year-over-year; comprehensive income: ¥4.20 billion, up 20.7%.

• All key financial indicators exceeded plan, with progress rates above 75% for revenue, gross profit, and net income.

• Operating margin improved to 9.6%, up 0.6pts year-over-year.

Outlook and guidance

• Full-year revenue forecast revised upward to ¥76 billion (+6.3% from initial), operating profit to ¥7.3 billion (+7.4%), and net income to ¥5.25 billion (+9.4%).

• Full-year revenue forecast revised upward to ¥76,000 million (+8.8% YoY); operating income forecast: ¥7,300 million (+18.6% YoY); net income forecast: ¥5,250 million (+14.0% YoY).

• Mid-term (FY2027) targets raised: revenue ≥¥79.5 billion, operating margin ≥11%, ROE ≥20%.

• Dividend forecast raised to ¥42 per share, with payout ratio above 50%.

• EPS forecast: ¥84.30.