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21702026 Q1PrimeIFRS

Link and Motivation (2170) FY2026 Q1 Earnings Report

For FY2026 Q1, revenue came to ¥10.7B (+14.1% year on year) and operating income ¥1.5B (+21.9%). The segment drivers and cash flow follow.

IT & Services, Others/Services


Financial Highlights

  • Net Sales: ¥10.69B
  • Operating Income: ¥1.49B
  • Net Income: ¥1.03B
  • EPS: ¥7.87

Income Statement

ItemCurrentPriorYoY %
Net Sales¥10.69B¥9.37B+14.1%
Cost of Sales¥4.67B¥4.31B+8.4%
Gross Profit¥6.01B¥5.06B+18.9%
SG&A Expenses¥4.52B¥3.79B+19.2%
Operating Income¥1.49B¥1.22B+21.9%
Equity Method Investment Income¥63M¥57M+10.5%
Profit Before Tax¥1.51B¥1.26B+20.1%
Income Tax Expense¥479M¥404M+18.6%
Net Income¥1.03B¥855M+20.8%
Net Income Attributable to Owners¥867M¥746M+16.2%
Total Comprehensive Income¥1.12B¥931M+20.8%
Basic EPS¥7.87¥7.01+12.3%
Diluted EPS¥7.86¥7.01+12.1%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥16.60B¥17.55B−¥952M
Accounts Receivable¥4.60B¥4.80B−¥198M
Inventories¥251M¥238M+¥13M
Non-current Assets¥23.46B¥23.45B+¥14M
Property, Plant & Equipment¥660M¥667M−¥7M
Intangible Assets¥2.68B¥2.67B+¥13M
Goodwill¥12.01B¥11.98B+¥27M
Total Assets¥40.06B¥41.00B−¥938M
Accounts Payable¥1.68B¥2.56B−¥881M
Non-current Liabilities¥9.66B¥10.12B−¥461M
Total Liabilities¥24.14B¥24.18B−¥41M
Total Equity¥15.92B¥16.82B−¥897M
Capital Stock¥1.38B¥1.38B¥0
Capital Surplus¥3.64B¥3.66B−¥16M
Retained Earnings¥9.86B¥9.42B+¥439M
Treasury Stock−¥1.59B−¥0−¥1.59B
Shareholders' Equity¥12.51B¥13.59B−¥1.08B
Equity Ratio31.2%33.1%−1.9%

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow¥274M−¥155M+¥429M
Investing Cash Flow−¥332M−¥119M−¥213M
Financing Cash Flow−¥815M¥363M−¥1.18B
Cash and Cash Equivalents¥7.50B¥11.37B−¥3.87B
Free Cash Flow−¥58M--

Profitability Ratios

ItemValue
Net Profit Margin8.1%
Gross Profit Margin56.3%
Debt-to-Equity Ratio1.52x
Effective Tax Rate31.7%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+14.1%
Operating Income YoY Change+21.9%
Profit Before Tax YoY Change+20.1%
Net Income YoY Change+20.9%
Net Income Attributable to Owners YoY Change+16.2%
Total Comprehensive Income YoY Change+20.8%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)110.94M shares
Treasury Stock2.91M shares
Average Shares Outstanding110.13M shares
Book Value Per Share¥147.37

Dividend Information

ItemAmount
Q1 Dividend¥4.10

Segment Information

SegmentRevenueOperating Income
IndividualDevelopmentDivision¥1.33B¥589M
MatchingDivision¥5.10B¥2.59B
OperatingSegmentsNotIncludedInReportableSegmentsAndOtherRevenueGeneratingBusiness¥1M−¥1M
OrganizationalDevelopmentDivision¥4.25B¥2.95B

※ セグメント利益の測定基礎: 売上総利益

Full Year Forecast

ItemForecast
Net Sales Forecast¥46.70B
Operating Income Forecast¥6.31B
Net Income Forecast¥3.93B
Net Income Attributable to Owners Forecast¥3.47B
Basic EPS Forecast¥32.03
Dividend Per Share Forecast¥16.40