ValueCommerce (2491) Q1 2026 earnings summary

Executive summary

• Net sales and profit dropped sharply in Q1 FY2026 due to the termination of "StoreMatch" and "STORE's Roo" services, impacting all major financial metrics.

• Cost-cutting measures have been implemented, but a recovery in net sales is essential to meet full-year forecasts.

• The company shifted to non-consolidated reporting this quarter after absorbing Dynatech Inc. and BUZMA Inc.

• The Japanese economy showed moderate recovery, but uncertainties remain due to global instability and rising costs.

Financial highlights

• Q1 FY2026 net sales were ¥2,896 million, down 64.6% year-over-year and 13.7% sequentially.

• Operating income was negative at -¥235 million; net income was -¥224 million, with basic EPS at -¥10.37.

• Gross income fell 58.5% year-over-year to ¥1,024 million.

• Total assets at quarter-end were ¥15,435 million; net assets were ¥11,556 million.

• Cash and cash equivalents decreased by ¥954 million to ¥10,072 million.

Outlook and guidance

• FY2026 full-year revenue forecast is ¥14,400 million, with an operating loss of ¥700 million and net loss of ¥800 million.

• The company aims for early profitability and maintains a dividend forecast of ¥16.00 per share.

• Dividend policy targets a 30% payout ratio, with stable dividends prioritized.

• No revisions to previously announced earnings forecasts.