NS Solutions (2327) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2025, rose 14.6% year-over-year to ¥275.4 billion, driven by strong demand in manufacturing, retail, cloud, security, and the consolidation of Infocom as a subsidiary.

• Operating profit increased by 5% to ¥31.0 billion, as revenue growth offset higher SG&A expenses from business model transformation investments.

• Net profit attributable to owners of parent was ¥21.1 billion, up 3.5% year-over-year.

• The company advanced its 2025-2027 Mid-term Business Plan, focusing on SI business model transformation, customer approach, technology/R&D, and internal operations.

• Major acquisitions included Infocom and PT.WCS ABYAKTA NAWASENA, expanding IT services and asset-driven business capabilities.

Financial highlights

• Revenue for FY2025/3Q reached ¥275.4 billion, up 15% year-over-year.

• Gross profit increased 23% to ¥73.1 billion, with gross profit margin improving by 1.9 percentage points to 26.5%.

• Operating profit rose 5% to ¥31.0 billion, despite a 42% increase in SG&A and other expenses.

• Basic earnings per share rose to 115.42 yen from 111.50 yen, reflecting the 2-for-1 stock split.

• Equity attributable to owners of parent increased to ¥268.2 billion, with the equity ratio rising to 68.4%.

Outlook and guidance

• FY2025 full-year revenue forecast is ¥377.0 billion, up 11.4% year-over-year.

• Operating profit is projected at ¥43.0 billion, supporting the medium-term target of ¥60 billion by FY2027.

• Net profit attributable to owners of parent is forecast at ¥29.2 billion, up 7.9% year-over-year.

• Dividend payout ratio is targeted at 50%, with a forecasted dividend of ¥80 per share for FY2025.