Quest Co (2332) Q3 2026 earnings summary

Executive summary

• Net sales rose 20.3% year-over-year to ¥13,239 million for the nine months ended December 31, 2025, driven by new orders in the semiconductor and financial sectors and the consolidation of Sept Inc.

• Operating profit declined 2.8% year-over-year to ¥759 million, and net profit attributable to owners of parent decreased 0.9% to ¥549 million, impacted by increased human capital investment, office expansions, and one-time expenses related to the 60th anniversary and Sept Inc. acquisition.

• EBITDA was ¥963 million (7.3% margin), up slightly from ¥955 million (8.7% margin) in the prior year period.

• The company is executing a medium-term management plan focused on business portfolio transformation, investment in employees and technology, and strengthening its business structure.

Financial highlights

• Gross profit increased to ¥2,230 million from ¥2,037 million year-over-year.

• Ordinary profit was ¥810 million, down 2.8% year-over-year.

• Basic earnings per share for the period were ¥103.65, nearly flat year-over-year.

• Comprehensive income rose to ¥541 million from ¥426 million year-over-year.

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 have been made to the previously announced earnings forecast.