Plus Alpha Consulting (4071) Q4 2026 earnings summary

Executive summary

• FY2026 net sales rose 12.8% YoY to ¥19,277m and operating profit rose 18.1% to ¥7,531m; operating margin expanded 1.7 pts to 39.1%.

• HR Solutions drove growth through recurring revenue and consulting expansion, while Marketing Solutions sales and profit declined amid persistent Visualization Engine cancellations.

Financial highlights

• FY2026 gross profit was ¥13,504m, up 9.5%; SG&A rose 0.4% to ¥5,972m, while cost of sales increased 21.4% to ¥5,773m.

• Ordinary profit rose 19.1% to ¥7,526m and net profit rose 62.9% to ¥5,308m; FY2025 net profit included ¥1,154m of impairment losses.

• Q4 net sales reached a quarterly record ¥5,266m, up 14.4% YoY; operating profit was ¥2,163m, up 11.0%, with a 41.1% margin.

• Full-year results reached 98.9% of the ¥19,500m sales plan and 100.4% of the ¥7,500m operating profit plan.

• Operating cash flow was ¥5,396m; cash and cash equivalents ended FY2026 at ¥16,526m.

Outlook and guidance

• FY2027 guidance: net sales ¥22,500m, operating profit ¥8,000m, ordinary profit ¥8,000m, and net profit ¥5,800m; basic EPS is forecast at ¥136.99.

• FY2027 growth investments include ¥500m for relocation, ¥100m of Cradle goodwill amortization and ¥300m for large-scale marketing, moderating near-term profit growth and margin.

• Management expects significant operating profit growth in FY2028 as sales expand and one-time expenses included in FY2027 growth costs fall away.

• Medium-term targets are net sales of at least ¥30bn and operating profit of at least ¥10bn; the plan was updated to accelerate growth through priority-business investment.