Kakaku.com (2371) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 17.0% YoY to ¥52,506 million, while operating profit fell 0.8% to ¥13,735 million and parent-attributable profit fell 1.1% to ¥9,260 million.

• Tabelog and Incubation grew segment income; HR revenue expanded after engage Inc. was consolidated, but the segment loss widened amid growth investments.

Financial highlights

• Profit before tax increased 1.4% YoY to ¥13,747 million as lower finance expenses offset lower operating profit; income tax expense rose to ¥4,512 million.

• Adjusted EBITDA was ¥17,428 million for H1; the measure was introduced as a key management indicator from FY2027 and includes operating profit, D&A, share-based payment expenses and non-recurring items.

• Operating cash flow was ¥13,534 million, up from ¥12,154 million YoY; cash and cash equivalents increased ¥4,470 million from FY-end to ¥50,939 million.

Outlook and guidance

• FY2027 guidance remains unchanged: revenue ¥114,500 million, operating profit ¥30,800 million, profit before tax ¥30,700 million, parent-attributable profit ¥20,700 million and adjusted EBITDA ¥36,000 million.

• Forecasts rely on information considered reasonable at announcement; actual results may differ substantially due to various factors.