Kurashiru Inc (299A) Q2 2026 earnings summary

Executive summary

• Q2 revenue increased 42.0% year-over-year, and Non-GAAP operating profit rose 77.2% YoY, with first-half revenue up 34.3% YoY and Non-GAAP sales profit up 21.9% YoY, driven by strong Sales Promotion and increased user engagement.

• Profit for the first half rose 38.5% to ¥1,091 million, and MAU increased by 240,000 QoQ to over 2.6 million.

• The Kurashiru Retail Network launched in August 2025, expanding service offerings for CPG brands and retailers.

• Discontinued the HR business (Kurashiru Job) due to low matching rates, with minimal financial impact.

• Company name changed to Kurashiru, Inc. as of October 1, 2025.

Financial highlights

• Q2 revenue: JPY 4.0Bn (+42.0% YoY, +5.9% QoQ); Gross profit: JPY 1.9Bn (+41.6% YoY, +4.4% QoQ); Non-GAAP operating profit: JPY 0.8Bn (+77.2% YoY, +6.5% QoQ).

• Cumulative H1 revenue: JPY 7.8Bn (+34.3% YoY); Gross profit: JPY 3.7Bn (+23.4% YoY); Non-GAAP operating profit: JPY 1.6Bn (+21.9% YoY); profit: JPY 1.1Bn (+38.5% YoY).

• Operating profit for H1: ¥1,562 million (+23.3% YoY); ordinary profit: ¥1,566 million (+26.3% YoY).

• Basic EPS: ¥26.28; non-GAAP basic EPS: ¥28.05.

• Cash and cash equivalents at period-end: JPY 10.0Bn, including JPY 2.9Bn in short-term commercial paper.

Outlook and guidance

• As of Q2, revenue and Non-GAAP operating profit have reached 45.7% and 46.5% of full-year targets, respectively.

• FY2025 full-year forecast: Net sales JPY 17.14Bn (+30.8% YoY), Non-GAAP OP JPY 3.53Bn (+25.3% YoY), Non-GAAP OP margin 20.6%.

• Full-year profit expected at ¥2,295 million (+35.7% YoY), with non-GAAP profit at ¥2,442 million.

• No change to previously disclosed financial forecasts.

• Focus on accelerating growth in Sales Promotion and expanding retail partnerships.