Laxus Technologies (288A) Q2 2026 earnings summary

Executive summary

• Net sales for 1H FY03/2026 were 1,093 million JPY, down 14.9% YoY, with operating profit at 51 million JPY, down 84.9% YoY, and net profit at 46 million JPY, down 83.6% YoY.

• Subscription acquisition struggled, with ShaaS launches delayed to 2H and contracts declining by 2,568 to 16,889.

• Registered email addresses and downloads rose sharply, with email registrations up 152% YoY and downloads up 134% YoY.

• Focus in 2H will be on converting leads, launching new services, and expanding ShaaS partnerships.

• Expanded advertising efforts and new sales channels, including over-the-counter and EC website sales.

Financial highlights

• Gross profit for the period was 799 million JPY, down from 990 million JPY YoY; gross margin fell to 74.3%.

• SG&A expenses increased to 747 million JPY from 651 million JPY YoY, mainly due to higher ad spend.

• Operating profit was 51 million JPY (down 84.9% YoY); margin dropped to 8.2%.

• Net profit per share was 1.81 JPY, compared to 14.83 JPY in the prior year.

• Ordinary profit dropped to 57 million JPY from 337 million JPY YoY.

Outlook and guidance

• Full-year forecast: net sales of 3,077 million JPY (+20.0% YoY), operating profit of 448 million JPY (-24.0% YoY), and net profit of 335 million JPY (-23.1% YoY).

• 2H focus on converting email-registered users to contracts and improving ad efficiency.

• ShaaS launches and new service (Lax-mochi) expected to drive contract growth.

• No interim or year-end dividend is planned for FY03/2026.

• Revenue may fluctuate with ShaaS expansion; risk mitigation via payment and insurance enhancements.