Visional (4194) Q3 2025 earnings summary

Executive summary

• Net sales for 3Q YTD reached JPY 58.84Bn, up 20.3% YoY; operating profit was JPY 17.47Bn (+14.5% YoY); profit attributable to owners was JPY 12.56Bn (+13.3% YoY).

• BizReach drove group performance, supported by strong domestic recruitment demand and robust hiring environment.

• HRMOS and HR Tech segments saw strong growth in all key KPIs, with new product launches and increased investments.

• Incubation segment recorded higher net sales but increased segment loss due to investments in new products and advertising.

• Comprehensive income for the period was JPY 12.65Bn, up 15.0% YoY.

Financial highlights

• 3Q YTD consolidated net sales: JPY 58.84Bn (+20.3% YoY); 3Q: JPY 21.91Bn (+25.3% YoY).

• 3Q YTD operating profit: JPY 17.47Bn (+14.5% YoY, 29.7% margin); 3Q: JPY 7.25Bn (+32.5% YoY, 33.1% margin).

• 3Q YTD profit attributable to owners: JPY 12.56Bn (+13.3% YoY, 21.3% margin).

• Gross profit margin remained high at 91.2% for 3Q YTD; gross profit was JPY 53.67Bn.

• Basic earnings per share rose to JPY 316.21 from JPY 282.96 YoY.

Outlook and guidance

• FY net sales forecast revised upward to JPY 79.50Bn (+20.2% YoY); operating profit forecast to JPY 20.30Bn (+13.8% YoY, 25.5% margin); profit attributable to owners forecast at JPY 14.39Bn (+10.8% YoY).

• Basic earnings per share for the full year projected at JPY 362.35.

• BizReach net sales forecast revised to JPY 68.50Bn (+18.6% YoY); HRMOS to JPY 5.20Bn (+35.3% YoY).

• Continued investment in marketing, human capital, and new business incubation is planned.