Kakaku.com (2371) Q1 2026 earnings summary

Executive summary

• Q1 consolidated revenue rose 24.0% year-over-year to ¥21,958 million, driven by Tabelog, Kakaku.com, and rapid Kyujin Box growth.

• Operating profit increased 4.9% year-over-year to ¥7,318 million, with profit attributable to owners up 4.2% to ¥5,025 million.

• Tabelog's online reservations and paid contracts drove strong revenue and profit growth.

• Kyujin Box revenue surged 72.4% year-over-year, though profit declined due to higher marketing and agency costs.

• LiPLUS Holdings, Inc. was acquired, expanding the Incubation segment.

Financial highlights

• Q1 revenue: ¥21,958 million (+24.0% year-over-year); operating profit: ¥7,318 million (+4.9% year-over-year).

• Net profit attributable to owners: ¥5,025 million (+4.2% year-over-year); EPS: ¥25.41 (+¥1.03 year-over-year).

• Operating profit margin: 33.3% (down 6.1pt year-over-year).

• Total assets: ¥86,744 million as of June 30, 2025, down from ¥93,504 million at March 31, 2025.

• Cash and cash equivalents: ¥38,548 million, down ¥12,311 million from March 31, 2025.

Outlook and guidance

• Full-year revenue forecast: ¥92 billion (+17.3% year-over-year); operating profit forecast: ¥28 billion (-4.4% year-over-year).

• Full-year profit attributable to owners forecast: ¥19,000 million (+5.2% year-over-year).

• Continued investment in Kyujin Box expected to drive revenue growth but weigh on profit.

• Q2 expected to see further increases in agency fees and advertising costs, especially for Kyujin Box.

• No changes to previously announced earnings forecasts.