Kakaku.com (2371) Q2 2026 earnings summary

Executive summary

• Revenue rose 23.4% year-over-year to ¥44,861 million for the six months ended September 30, 2025, driven by strong performances in core and growth businesses, but operating profit declined 1.4% year-over-year to ¥13,843 million due to increased investment, especially in Kyujin Box.

• Full-year revenue forecast is ¥92 billion (+17.3% YoY), with operating profit expected at ¥28 billion (−4.4% YoY), reflecting increased investment in the job search segment/Kyujin Box for growth acceleration.

• Profit attributable to owners of the parent decreased 2.3% year-over-year to ¥9,368 million.

• Kakaku.com and Tabelog segments posted revenue and profit growth, while Kyujin Box saw rapid revenue gains but a planned segment loss from brand investment.

Financial highlights

• Q2 consolidated revenue: ¥44,861 million (+23.4% YoY); operating profit: ¥13,843 million (−1.4% YoY); profit attributable to owners: ¥9,368 million (−2.3% YoY); basic EPS: ¥47.36 (−2.4% YoY).

• Q2 operating profit margin: 30.9% (down 7.7pt YoY); total assets: ¥87,526 million; total equity: ¥60,466 million as of September 30, 2025.

• Cash and cash equivalents at period end: ¥40,872 million, down ¥9,987 million.

• Dividend forecast: Annual ¥80.00 per share (including ¥30 special dividend); payout ratio 78.9%.

Outlook and guidance

• Full-year plan anticipates revenue growth above recent years, but operating income is expected to be slightly below the previous year due to a focus on investment.

• No changes to previously announced earnings forecasts; mid-term plan targets FY30/3 revenue of ¥143 billion and operating profit of ¥53 billion.

• Second half will maintain aggressive investment in the job search/Kyujin Box segment, with expectations for continued top-line expansion.