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196A2026 Q2 / First HalfGrowthJGAAP

MFS (196A) FY2026 Q2 Earnings Report

For FY2026 Q2, revenue came to ¥3.3B (+187.4% year on year) and operating loss ¥48.0M. The segment drivers and cash flow follow.

MFS,Inc.

Financials (ex Banks)/Other Financing Business


Financial Highlights

  • Net Sales: ¥3.25B
  • Operating Income: ¥-48M
  • Net Income: ¥-55M
  • EPS: ¥-5.96

Income Statement

ItemCurrentPriorYoY %
Net Sales¥3.25B¥1.13B+187.4%
Cost of Sales¥2.38B¥167M+1323.4%
Gross Profit¥868M¥964M−10.0%
SG&A Expenses¥916M¥911M+0.5%
Operating Income−¥48M¥52M−192.3%
Non-operating Income¥11M¥2M+525.1%
Non-operating Expenses¥6M¥2M+175.6%
Ordinary Income−¥43M¥52M−182.7%
Profit Before Tax−¥44M¥52M−183.7%
Income Tax Expense¥11M¥17M−35.6%
Net Income−¥55M¥35M−256.1%
Net Income Attributable to Owners−¥54M¥34M−258.8%
Total Comprehensive Income−¥54M¥34M−258.8%
Depreciation & Amortization¥15M¥15M+1.0%
Interest Expense¥3M¥1M+164.0%
Basic EPS−¥5.96¥3.85−254.8%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥2.64B¥2.24B+¥395M
Cash and Deposits¥1.43B¥1.82B−¥388M
Accounts Receivable¥142M¥265M−¥123M
Non-current Assets¥328M¥291M+¥37M
Property, Plant & Equipment¥12M¥12M−¥404,000
Intangible Assets¥59M¥71M−¥12M
Investment Securities¥99M¥99M+¥391,000
Total Assets¥2.97B¥2.54B+¥436M
Current Liabilities¥497M¥307M+¥190M
Short-term Loans¥150M--
Non-current Liabilities¥266M--
Long-term Loans¥266M--
Total Liabilities¥763M¥307M+¥456M
Total Equity¥2.21B¥2.23B−¥20M
Capital Stock¥63M¥599M−¥536M
Capital Surplus¥3.50B¥2.93B+¥562M
Retained Earnings−¥1.36B−¥1.31B−¥55M
Owners' Equity¥2.20B¥2.23B−¥28M
Working Capital¥2.14B--

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow−¥885M¥36M−¥921M
Investing Cash Flow−¥52M−¥302M+¥249M
Financing Cash Flow¥549M−¥121M+¥670M
Free Cash Flow−¥938M--

Profitability Ratios

ItemValue
Book Value Per Share¥239.40
Net Profit Margin−1.7%
Gross Profit Margin26.7%
Current Ratio530.8%
Quick Ratio530.8%
Debt-to-Equity Ratio0.35x
Interest Coverage Ratio−15.38x
EBITDA Margin−1.0%
Effective Tax Rate−25.3%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+187.4%
Operating Income YoY Change−192.3%
Ordinary Income YoY Change−182.7%
Profit Before Tax YoY Change−183.7%
Net Income YoY Change−256.1%
Net Income Attributable to Owners YoY Change−258.8%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)9.18M shares
Average Shares Outstanding9.15M shares
Book Value Per Share¥240.76
EBITDA−¥33M

Dividend Information

ItemAmount
Q2 Dividend¥0.00

Segment Information

SegmentRevenueOperating Income
A0INVASE¥2.69B¥29M
A0MOGECHECK¥559M−¥77M
OperatingSegmentsNotIncludedInReportableSegmentsAndOtherRevenueGeneratingBusiness¥3.25B−¥48M

Full Year Forecast

ItemForecast
Net Sales Forecast¥3.78B
Operating Income Forecast¥195M
Ordinary Income Forecast¥186M
Net Income Attributable to Owners Forecast¥146M
Basic EPS Forecast¥16.07
Dividend Per Share Forecast¥0.00