Relo Group (8876) Q4 2026 earnings summary

Executive summary

• Revenue grew 5.7% year-over-year to ¥151.1 billion, driven by strong stock business performance.

• Operating profit increased 1.2% year-over-year to ¥30.8 billion, with steady quarterly improvement.

• Net income dropped 52.3% year-over-year due to a one-time gain on share sales in the prior year; excluding this, net income was flat.

• The company launched a four-year medium-term management plan, focusing on human capital, labor shortages, and seniors/inheritance.

• All core business segments contributed to growth, with notable expansion in outsourcing and tourism.

Financial highlights

• Revenue: ¥151.1 billion (+5.7% YoY); Operating profit: ¥30.8 billion (+1.2% YoY).

• Net income: ¥20.7 billion (flat YoY, excluding prior year’s one-time gain).

• Basic earnings per share declined to ¥137.11 from ¥286.85 year-over-year.

• Fourth quarter operating profit rose 8.4% YoY, showing accelerating momentum.

• Dividend for FY2026/3 set at ¥69 per share; payout ratio target raised to 50%.

Outlook and guidance

• FY2027/3 revenue guidance: ¥165.0 billion (+9.2% YoY); operating profit: ¥34.0 billion (+10.3% YoY); profit attributable to owners ¥22.5 billion (+8.9%); EPS ¥148.56.

• Double-digit profit growth targeted, leveraging stock base and new products.

• Segment growth plans: outsourcing (+8.3%), tourism (+18.9%), property management (+7.6%).

• ROE target raised to 25–30% in the new medium-term plan, with a progressive dividend policy and a total return ratio target of 60%.