Miroku Jyoho Service (9928) Q1 2027 earnings summary

Executive summary

• Net sales rose 8.2% year-over-year to ¥12,514 million for the three months ended June 30, 2026, driven by strong ERP product sales and a shift to subscription-based models.

• Operating profit increased 25.2% year-over-year to ¥1,557 million, despite higher personnel expenses from proactive hiring and salary increases.

• Profit attributable to owners of parent grew 13.9% year-over-year to ¥1,019 million.

• The company is accelerating its transition to cloud subscription services and expanding its global presence, particularly in the ASEAN market.

Financial highlights

• Gross profit increased to ¥7,778 million from ¥6,820 million year-over-year.

• Service revenues rose 18.3% year-over-year to ¥5,895 million, with software utilization revenues up 35.5%.

• System installation contract sales were stable at ¥5,863 million, up 0.1% year-over-year.

• Basic earnings per share increased to ¥34.04 from ¥29.91 year-over-year.

Outlook and guidance

• Full-year net sales forecast for fiscal year ending March 31, 2027 is ¥53,800 million, up 10.0% year-over-year.

• Operating profit is projected at ¥7,230 million (up 8.3%), and profit attributable to owners of parent at ¥4,810 million (up 11.0%).

• No changes to previously announced forecasts; revisions will be disclosed if necessary.