Kurashiru Inc (299A) Q4 2026 earnings summary

Executive summary

• Net sales grew 29.8% year-over-year to ¥17,001 million, driven by strong performance in Sales Promotion (up 85.7% YoY) and Media businesses.

• Net income attributable to owners of parent rose 45.5% YoY to ¥2,461 million.

• Non-GAAP Operating Profit increased 28.5% YoY, exceeding company plans by 2.6%.

• Completed acquisition of a VTuber business to strengthen the Others segment and diversify revenue streams.

• Q4 Sales Promotion net sales rose 50.0% YoY, with progress in acquiring PoC clients and expanding the Kurashiru Retail Network.

Financial highlights

• FY2025 net sales: JPY17,001MM (+29.8% YoY); gross profit: JPY8,055MM (+24.0% YoY); Non-GAAP OP: JPY3,621MM (+28.5% YoY); profit: JPY2,461MM (+45.5% YoY).

• Q4 net sales: JPY4,525MM (+25.1% YoY); Q4 Non-GAAP OP: JPY964MM (+53.2% YoY).

• Gross profit margin for FY2025 was 47.4% (down 2.2pp YoY); Non-GAAP OP margin was 21.3%.

• Non-GAAP operating profit was ¥3,622 million, up 28.5% YoY; ordinary profit was ¥3,507 million, up 34.5%.

• Basic earnings per share was ¥58.67; diluted EPS was ¥55.00.

Outlook and guidance

• FY2026 guidance: net sales JPY21,368MM (+25.7% YoY), Non-GAAP OP JPY3,716MM (+2.6% YoY), with margin expected to temporarily decline due to upfront investment in Receipt Challenge.

• H1 FY2026 profit expected to decline YoY due to aggressive PoC and user acquisition spending; H2 weighted for revenue and profit.

• Basic earnings per share forecasted at ¥57.93 for FY2027.

• Medium-term focus on expanding AI agent business and further scaling Receipt Challenge.