transcosmos (9715) Q2 2026 earnings summary

Executive summary

• Consolidated net sales reached ¥192,111 million, up 3.5% year-over-year, marking a record high for H1.

• Operating profit rose 13.2% YoY to ¥8,072 million, with OP margin improving from 3.8% to 4.2%.

• Net profit attributable to owners of parent surged 57.1% YoY to ¥6,530 million, driven by higher operating profit, foreign exchange gains, and lower extraordinary losses.

• Comprehensive income declined 48.9% YoY to ¥4,274 million due to significant foreign currency translation losses.

• BPO and CX services both contributed to growth, with BPO services particularly strong due to increased outsourcing demand.

Financial highlights

• Gross profit increased to ¥37,201 million from ¥35,345 million YoY; SG&A expenses rose 3.2% YoY.

• Ordinary profit jumped 29.3% YoY to ¥9,310 million.

• Free cash flow improved significantly to ¥8,050 million from ¥1,200 million YoY.

• Net cash provided by operating activities was ¥11,311 million, up from ¥3,080 million in the prior year period.

• Total assets as of September 30, 2025, were ¥210,345 million, with an equity-to-asset ratio of 56.4%.

Outlook and guidance

• FY2026/3 full-year net sales outlook is ¥400,000 million, with H1 progress at 48%.

• Full-year forecast: operating profit of ¥15,500 million (+7.1% YoY), profit attributable to owners of parent of ¥11,500 million (+1.5% YoY).

• Ordinary profit progress at 54.7% of full-year guidance.

• Annual dividend forecast is ¥108.00 per share.