Visional (4194) Q4 2025 earnings summary

Executive summary

• FY2025/7 consolidated net sales reached JPY 80.16Bn, up 21.2% year-over-year, with operating profit at JPY 21.44Bn, up 20.2% year-over-year, and profit attributable to owners of parent at JPY 15.95Bn, up 22.8% year-over-year.

• Comprehensive income increased 24.5% year-over-year to JPY 16.04Bn.

• Strong growth in both HR Tech and Incubation segments, with disciplined growth investments and cost control.

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

Financial highlights

• Gross profit margin for FY2025/7 was 90.9%, with gross profit at JPY 72.90Bn.

• EBITDA for FY2025/7 was JPY 23.20Bn, up 21.7% year-over-year, with a margin of 28.9%.

• Cash and cash equivalents at year-end were JPY 72.78Bn, up from JPY 58.11Bn.

• Net assets rose to JPY 67.76Bn, with an equity ratio of 70.5%.

• Profit attributable to owners of parent was JPY 15.95Bn, up 22.8% year-over-year.

Outlook and guidance

• FY2026/7 consolidated net sales forecast is JPY 99.20Bn (+23.7% YoY), with EBITDA forecast at JPY 26.00Bn (+12.1% YoY) and operating profit at JPY 23.10Bn (+7.7% YoY).

• BizReach net sales forecast for FY2026/7 is JPY 80.30Bn (+17.0% YoY), HRMOS JPY 9.00Bn (+72.6% YoY).

• Profit attributable to owners of parent forecast at JPY 16.08Bn (+0.8% YoY).

• Continued disciplined growth investments and M&A planned, with a focus on expanding enterprise value.