Quest Co (2332) Q1 2027 earnings summary

Executive summary

• Revenue rose 7.5% YoY to ¥4,711 million, driven by IT outsourcing and new public-sector projects; operating profit and net income declined.

• Higher employee compensation and recruitment costs weighed on profit; investment in people, technology and solution development continued.

• The “Unite” business brand launched alongside expanded AI and security services, including AI Studio.

Financial highlights

• Revenue was ¥4,711 million (+7.5% YoY); operating profit ¥212 million (-3.4%), ordinary profit ¥224 million (-4.7%), and net income ¥141 million (-7.4%).

• EBITDA was ¥276 million, down from ¥285 million; EBITDA margin was 5.9%, down from 6.5%.

• Comprehensive income rose 8.0% YoY to ¥150 million; basic EPS was ¥27.63, versus ¥28.56 a year earlier.

Outlook and guidance

• FY27 forecasts remain revenue of ¥18,300 million, operating profit of ¥1,260 million, ordinary profit of ¥1,285 million, net income of ¥856 million and EBITDA of ¥1,491 million.

• Q1 progress against FY forecasts: revenue 25.7%, operating profit 16.8%, ordinary profit 17.4%, net income 16.5% and EBITDA 18.5%.

• No revisions to earnings or dividend forecasts; FY27 EPS forecast is ¥166.08 and dividend forecast is ¥61 per share, up from ¥58.