Kakaku.com (2371) investor relations material

Executive summary

• Third-quarter consolidated revenue reached JPY 24 billion, up 18.2% year-over-year, with cumulative nine-month revenue at JPY 68.9 billion (+21.5% YoY).

• Operating profit for the quarter was JPY 7.3 billion, down 9.2% year-over-year, with cumulative operating profit at JPY 21.1 billion (−4.2% YoY).

• The fiscal year is positioned as an investment phase, prioritizing top-line growth, especially in Kyujin Box, despite short-term profit decline.

• Tabelog delivered double-digit growth in both revenue and profit, while Kakaku.com saw slight decreases.

• Profit attributable to owners of the parent fell 4.8% year-over-year to JPY 14.37 billion, reflecting higher expenses and financial costs.

Financial highlights

• Revenue for the third quarter was JPY 24.03 billion, up 18.2% year-over-year, achieving 74.9% of the full-year forecast.

• Cumulative 9-month revenue reached JPY 68.9 billion (+21.5% YoY), with operating profit at JPY 21.1 billion (−4.2% YoY).

• Q3 operating profit margin was 30.3%, down 9.2 points YoY; basic EPS for Q3 was 25.28 yen, down 2.58 yen YoY.

• Cash and cash equivalents at period end were JPY 36.8 billion, down 14.4% YoY.

• Total assets at December 31, 2025: JPY 84.26 billion; total equity: JPY 60.61 billion.

Outlook and guidance

• Full-year consolidated guidance remains at JPY 92 billion in revenue (+17.3% YoY) and JPY 28 billion in operating income (−4.4% YoY); profit attributable to owners forecast at JPY 19 billion.

• No changes to previously announced earnings forecasts.

• Fourth quarter is expected to be the peak season for Kyujin Box, with continued investment planned and segment loss to widen.

• Tabelog and Incubation segments projected to finish in line with initial plans.

• Full-year performance is expected to align with initial targets despite temporary margin declines in some segments.