Visional (4194) Q1 2026 earnings summary

Executive summary

• 1Q FY2026/7 consolidated net sales reached JPY 23.33Bn, up 24.8% year-over-year, with all business segments progressing on plan.

• EBITDA for 1Q was JPY 7.59Bn (31.1% YoY growth, 32.5% margin), and operating profit was JPY 7.06Bn (29.6% YoY growth, 30.3% margin).

• Profit attributable to owners of parent for 1Q: JPY 5.48Bn (+35.3% YoY).

• The group completed the acquisition of Thinkings, Inc. on October 1, 2025, consolidating one month of its financials in 1Q.

• BizReach business drove group performance, supported by strong domestic recruitment demand.

Financial highlights

• 1Q net sales: JPY 23.33Bn (+24.8% YoY); EBITDA: JPY 7.59Bn (+31.1% YoY); operating profit: JPY 7.06Bn (+29.6% YoY).

• Gross profit margin for 1Q was 90.3%, with gross profit at JPY 21.08Bn.

• Basic earnings per share rose to JPY 136.55 from JPY 102.08 YoY.

• Total assets reached JPY 100.86Bn, up from JPY 95.41Bn at the previous fiscal year-end.

• Net assets increased to JPY 73.33Bn, with an equity ratio of 72.1%.

Outlook and guidance

• FY2026/7 consolidated net sales forecast remains at JPY 99.20Bn (+23.7% YoY).

• EBITDA forecast: JPY 26.00Bn (+12.1% YoY, 26.2% margin); operating profit forecast: JPY 23.10Bn (+7.7% YoY, 23.3% margin).

• Profit attributable to owners of parent forecast: JPY 16.08Bn (+0.8% YoY); basic EPS forecast: JPY 401.05.

• BizReach net sales forecast: JPY 80.30Bn (+17.0% YoY); HRMOS net sales forecast: JPY 9.00Bn (+72.6% YoY).

• No change to previously issued financial results forecast.