ASIRO (7378) investor relations material

Executive summary

• 1Q FY2026 revenue was ¥1,672 million, up 8.9% year-over-year, driven by strong derivative media performance, while operating profit fell 29.9% to ¥284 million and net profit attributable to owners dropped 31.7% to ¥183 million.

• The company divested its HR dispatch business in April 2025, classifying it as a discontinued operation.

• Investments and new initiatives were prioritized across all business segments to support long-term growth, leveraging legal media assets and expanding into adjacent areas.

• The business is centered on media (legal and derivative), HR, and insurance, with new legal tech services planned.

Financial highlights

• 1Q FY2026 revenue was ¥1,672 million, up 8.9% year-over-year and 4.5% sequentially.

• Operating profit was ¥284 million, down 29.9% year-over-year but up 18.2% sequentially.

• Net income attributable to owners was ¥183 million, down 31.7% year-over-year and 12.0% sequentially.

• Adjusted EBITDA for Q1 FY2026 was ¥303 million, down 27.8% year-over-year.

• Cash and equivalents at quarter-end were ¥1,826 million, down ¥640 million from the previous year-end.

Outlook and guidance

• FY2026 full-year revenue guidance is ¥7,000 million, with 1Q progress at 23.9%.

• Operating profit guidance is ¥1,500 million, with 1Q progress at 18.9%.

• No change to previously announced earnings guidance.

• Dividend policy revised: payout ratio target raised to 40%+ if certain conditions are met, and interim dividend introduced.

• The company expects continued impact from high-value product advertising budget adjustments but anticipates stable performance and ongoing investment in new services.