Quest Co (2332) Q4 2026 earnings summary

Executive summary

• FY2025 revenue reached a record ¥17,807m for the 13th consecutive year; operating profit hit a record ¥1,091m for the eighth consecutive year.

• Revenue rose 19.2%, driven by semiconductor and financial-sector orders and Sept Inc.’s consolidation.

• FY2026 guidance targets record revenue of ¥18,300m and operating profit of ¥1,260m.

• FY2026 is the final year of the 2024–26 medium-term plan; growth investment and profitability improvement remain priorities.

• Reporting shifted to one segment, Information Services Business, following organizational restructuring and increased overlap between former segments.

Financial highlights

• FY2025 revenue was ¥17,807m (+19.2%); operating profit ¥1,091m (+3.4%), ordinary profit ¥1,152m (+3.7%), and net income ¥800m (+4.3%).

• Gross profit rose to ¥3,019m from ¥2,749m; EBITDA increased to ¥1,336m from ¥1,273m.

• Total assets were ¥10,356m; net assets ¥7,458m, with a 72.0% equity-to-asset ratio.

• Year-end cash and cash equivalents declined ¥473m to ¥3,057m.

• Annual dividend was ¥58 per share, with a 40.5% payout ratio.

Outlook and guidance

• FY2026 revenue is forecast at ¥18,300m (+2.8%), operating profit at ¥1,260m (+15.4%), and operating margin at 6.9%, up 0.8 points.

• FY2026 ordinary profit is forecast at ¥1,285m (+11.5%), net income at ¥856m (+6.9%), and EBITDA at ¥1,491m (+11.6%).

• Continued investment in digital transformation, AI, and security supports preparation for the next medium-term plan.