Synchro Food (3963) Q3 2026 earnings summary

Executive summary

• Q3 FY2026 revenue was ¥1,766 million, up 84.9% YoY, mainly due to the consolidation of Ideal, but overall progress lagged due to sluggish core job advertising and delayed M&A deals.

• Cumulative 3Q net sales rose 23.8% YoY to ¥3,618.8 million, but operating profit fell 43.2% and profit attributable to owners of parent dropped 59.4% YoY.

• Acquisition of Horizon 14 Co., Ltd. and ideal inc. led to a new Property Management segment and significant increases in goodwill and total assets.

• Key forward indicators such as media platform membership and M&A inquiries remained robust, supporting ongoing structural reforms and new business development.

Financial highlights

• Q3 revenue: ¥1,766 million (+84.9% YoY, +94.3% QoQ); operating profit: ¥115 million (−54.7% YoY, −35.3% QoQ); operating margin: 6.5%.

• Cumulative 3Q revenue: ¥3,618 million (+23.8% YoY); operating profit: ¥477 million (−43.2% YoY); net income attributable to parent: ¥225 million (−59.4% YoY).

• Basic earnings per share: ¥8.03 (down from ¥20.60 YoY).

• Total assets: ¥11,548.4 million (up from ¥6,130.7 million as of March 31, 2025).

• Net assets: ¥4,737.9 million (down from ¥5,326.1 million as of March 31, 2025).

Outlook and guidance

• FY2026 full-year forecast: revenue/net sales ¥5,600 million (+41.7% YoY); operating profit ¥685 million (−37.6% YoY); profit attributable to owners of parent ¥418 million (+36.6% YoY); basic EPS ¥14.35.

• No change to the previously announced full-year forecast.

• Focus on structural reform of core job advertising, nurturing new businesses, and accelerating synergies with Ideal for sustainable growth.