PR TIMES (3922) Q4 2026 earnings summary

Executive summary

• FY2025 marked the 19th consecutive year of revenue growth and profitability; net sales and operating profit reached record highs, with operating profit exceeding the ¥3.5bn Milestone 2025 target.

• Net sales rose 19.3% YoY to ¥9,546m, operating profit rose 93.0% to ¥3,622m, and profit increased 114.3% after absorbing an investment-securities impairment loss.

• FY2026–FY2028 is positioned as a strategic investment phase to build the foundation for future profit growth, with Milestone 2030 targets of ¥7.0bn operating profit and ¥7.7bn EBITDA.

Financial highlights

• FY2025 net sales were ¥9,546m, up 19.3% YoY; gross profit was ¥8,057m, up 19.9%, and SG&A was ¥4,434m, down 8.5%.

• FY2025 EBITDA was ¥3,976m, up 82.9%; operating profit was ¥3,622m, up 93.0%; profit was ¥2,397m, up 114.3%.

• Q4 net sales were ¥2,338m, up 15.8% YoY and down 7.7% QoQ; operating profit was ¥632m, up 125.5% YoY and down 42.4% QoQ.

• Q4 EBITDA was ¥748m, up 79.7% YoY and down 36.9% QoQ; profit was ¥374m, up 239.0% YoY and down 50.0% QoQ.

• FY2025 net sales, EBITDA, operating profit and profit achieved 100.3%, 100.1%, 100.6% and 99.5% of full-year forecasts, respectively.

Outlook and guidance

• FY2026 targets: net sales ¥10,844m, up 13.6% YoY; EBITDA ¥3,685m, down 7.3%; operating profit ¥3,250m, down 10.3%; profit ¥2,200m, down 8.3%.

• FY2026 operating margin is forecast at 30.0%, versus 38.0% in FY2025; annual dividend is projected at ¥16.80, up ¥3.00.

• FY2026–FY2028 is designated an investment phase, with continued investment in talent and AI alongside growth in PR TIMES and related services, including PR partner services.

• Milestone 2030 targets operating profit of ¥7.0bn and EBITDA of ¥7.7bn; the dividend policy sets minimum DOE of 2%.