Quest Co (2332) Q2 2026 earnings summary

Executive summary

• Net sales rose 21.4% year-over-year to ¥8,785 million for the six months ended September 30, 2025, driven by new orders in the semiconductor and financial sectors and the consolidation of Sept Inc.

• Operating profit decreased 2.1% to ¥486 million, ordinary profit fell 4.5% to ¥511 million, and net profit attributable to owners of parent declined 5.8% to ¥335 million, mainly due to increased investments in human capital, office expansion, and one-time costs related to the 60th anniversary and acquisition integration.

• EBITDA was ¥611 million (7.0% margin), slightly down from ¥616 million (8.5% margin) year-over-year.

Financial highlights

• Gross profit increased to ¥1,501 million from ¥1,358 million year-over-year.

• Total assets grew to ¥10,140 million, up ¥321 million from March 31, 2025, mainly due to higher receivables and goodwill from the Sept Inc. acquisition.

• Net assets rose to ¥7,308 million, with retained earnings up by ¥25 million after accounting for profit and dividend payments.

• Cash and cash equivalents decreased by ¥936 million to ¥2,813 million, reflecting outflows from operating, investing, and financing activities.

Outlook and guidance

• Full-year forecast (ending March 31, 2026): net sales ¥16,860 million (+12.9% YoY), operating profit ¥1,180 million (+11.8%), ordinary profit ¥1,240 million (+11.5%), net profit attributable to owners of parent ¥845 million (+10.1%), and basic EPS ¥157.32.

• No revisions to previously announced forecasts.