Kakaku.com (2371) Q1 2026 earnings summary

Executive summary

• Q1 revenue rose 24.0% YoY to ¥21,958 million; operating profit increased 4.9% to ¥7,318 million.

• Tabelog and Kakaku.com grew steadily, while Kyujin Box revenue surged 72.4% amid investment-related profit pressure.

• LiPLUS contributed to Incubation growth; Eiga.com was divested as part of portfolio realignment.

Financial highlights

• Q1 revenue was ¥21,958 million (+24.0% YoY) and operating profit was ¥7,318 million (+4.9% YoY).

• Profit before income taxes was ¥7,289 million (+2.9%); net profit attributable to owners was ¥5,025 million (+4.2%).

• Basic EPS was ¥25.41, up from ¥24.38; operating profit margin was 33.3%, down 6.1 points YoY.

• Total assets were ¥86,744 million and cash and cash equivalents were ¥38,548 million as of June 30, 2025.

Outlook and guidance

• FY2026 forecasts remain unchanged: revenue of ¥92,000 million (+17.3% YoY), operating profit of ¥28,000 million (-4.4%), and net profit attributable to owners of ¥19,000 million (+5.2%).

• Continued Kyujin Box investment is expected to support revenue growth while weighing on profit.

• Q2 Kyujin Box revenue growth is targeted to remain high; segment profit is expected to turn negative as branding investment and agency fees increase.

• Incubation expects continued Q2 growth, supported by LiPLUS.