transcosmos (9715) Q1 2026 earnings summary

Executive summary

• Consolidated net sales rose 3.7% year-over-year to ¥94,440mn, a record high for Q1, with operating profit up 21.0% to ¥3,683mn and OP margin improving from 3.3% to 3.9%.

• Net profit surged 111.4% year-over-year to ¥3,400mn, driven by higher operating profit and reduced extraordinary losses and tax expenses.

• Comprehensive income declined 67.1% year-over-year to ¥1,020mn, reflecting significant foreign currency translation losses.

• BPO services net sales increased 7.4% year-over-year, and CX services net sales grew 3.6% year-over-year, both with improved OP margins.

Financial highlights

• Net sales: ¥94,440mn (+3.7% YoY); gross profit: ¥18,143mn (+4.4% YoY); operating profit: ¥3,683mn (+21.0% YoY); net profit: ¥3,400mn (+111.4% YoY).

• Basic earnings per share rose to ¥90.85 from ¥43.44 year-over-year.

• Total assets as of June 30, 2025, were ¥205,583mn, with net assets at ¥125,804mn and an equity-to-asset ratio of 56.2%.

• Net assets per share stood at ¥3,084.93 as of June 30, 2025.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2026: net sales of ¥400,000mn (+6.4% YoY), operating profit of ¥15,500mn (+7.1% YoY), ordinary profit of ¥17,000mn (+8.4% YoY), and net profit of ¥11,500mn (+1.5% YoY).

• Annual dividend forecast for FY2026 is ¥108.00 per share.