Starts Corporation (8850) Q1 2027 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2026, rose 4.7% year-over-year to ¥62,214 million, with operating profit down 4.2% to ¥7,995 million and ordinary profit up 3.3% to ¥8,465 million.

• Profit attributable to owners of parent increased 8.4% year-over-year to ¥5,556 million, and comprehensive income rose 17.2% to ¥5,572 million.

Financial highlights

• Gross profit increased to ¥20,606 million from ¥19,865 million year-over-year, while selling, general and administrative expenses rose to ¥12,610 million.

• Basic earnings per share improved to ¥117.33 from ¥106.42 year-over-year.

• Net assets per share increased to ¥4,025.86 as of June 30, 2026.

• Total assets stood at ¥351,821 million, with an equity-to-asset ratio of 54.2%.

Outlook and guidance

• Full-year net sales forecast for fiscal year ending March 31, 2027, is ¥290,000 million, up 15.1% year-over-year.

• Operating profit is projected at ¥40,000 million (up 10.3%), ordinary profit at ¥39,000 million (up 2.0%), and profit attributable to owners of parent at ¥26,000 million (up 2.7%).

• Annual dividend forecast is ¥150.00 per share, up from ¥140.00 in the previous year.