Kakaku.com (2371) investor relations material

Executive summary

• FY26/3 revenue reached a record ¥94.1B (+20% YoY), driven by Tabelog, Incubation, and Kyujin Box outperforming initial plans.

• Operating profit declined 7% YoY to ¥27.2B, slightly below forecast due to M&A and AI investment costs, especially in Kyujin Box.

• Net profit attributable to owners decreased 6.1% YoY to ¥18.8B.

• Growth investments in Kyujin Box and strategic spending impacted profitability.

• Acquisition of LiPLUS Holdings and plans for further expansion in the lifestyle domain.

Financial highlights

• Full-year revenue: ¥94,127 million (+20% YoY); operating profit: ¥27,243 million (−7% YoY); OP margin: 28.9% (−8.4pt YoY).

• Profit before income taxes: ¥27,347 million (−4.8% YoY); net profit: ¥18,803 million (−6.1% YoY).

• EPS: ¥95.05 (down from ¥101.33 YoY).

• Cash and equivalents at year-end: ¥46,468 million (down ¥4,391 million YoY).

• Dividend per share: ¥50; payout ratio: 52.6%.

Outlook and guidance

• FY27/3 revenue forecast: ¥114,500 million (+21.6% YoY); operating profit: ¥30,800 million (+13.1% YoY); net profit: ¥20,700 million (+10.1% YoY).

• Adjusted EBITDA introduced as a new management metric, forecasted at ¥36,000 million for FY2027.

• Tabelog and HR segments expected to be primary growth drivers, with focus on double-digit growth and shareholder returns.

• Continued commitment to growth investments, especially in HR.