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Liberaware (218A) investor relations material

Liberaware Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary10 Dec, 2025

Executive summary

  • Achieved record-high Q1 revenue of 294 million yen, up 30% year-over-year, despite Q1 being a seasonally slow period.

  • Quarterly consolidated financial statements prepared for the first time; no YoY comparison available for consolidated basis.

  • Focus on drone and robot-based solutions for industrial infrastructure inspection, especially in confined, hazardous environments.

  • Significant growth in drone sales (+113% YoY), driven by the launch of a domestic distributor system.

  • Overseas expansion initiated with sales in Korea and ongoing R&D for new products and autonomous drones.

Financial highlights

  • Revenue: 294 million yen (+30% YoY); Gross profit: 134 million yen (+29% YoY); gross margin approximately 45.7%.

  • Ordinary loss: 605 million yen (expanded from 184 million yen loss YoY), mainly due to SBIR R&D expenses.

  • Net income: -605 million yen (vs. -185 million yen YoY); basic earnings per share: (32.06) yen.

  • Drone sales: 18.5 sets in Q1, covering 25% of full-year target.

  • Main revenue breakdown: Inspection Solution Drone Business 218 million yen, Digital Twin Platform 29 million yen, Solution Development Business 44 million yen.

Outlook and guidance

  • FY2026/7 full-year revenue forecast: 2,220 million yen (+57.8% YoY); gross profit margin expected to rise to 50.6%.

  • Q1 revenue progress rate at 13% of full-year forecast, slightly below prior year but expected to catch up in busier quarters.

  • Full-year operating loss forecast: 177 million yen; net loss forecast: 178 million yen; EPS forecast: (9.44) yen.

  • R&D expenses, especially for SBIR projects and next-generation IBIS, will continue to increase.

  • Ordinary income (excluding SBIR timing differences) expected to be positive for the full year.

Current cash burn rate and liquidity outlook?
IBIS2 dealership and overseas market impact?
Kyushu Electric partnership's strategic value?
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Frequently asked questions

Liberaware Co., Ltd. is a Japan-based technology company specializing in the development and deployment of compact industrial drones and drone-related software. The company’s drones are designed to perform inspections and surveys in confined or hard-to-reach spaces, supporting industries such as manufacturing, construction, and infrastructure maintenance. Liberaware’s solutions aim to enhance safety and efficiency in industrial environments by providing high-resolution imaging and real-time data analysis through proprietary software. Its drones are particularly suited for indoor and enclosed area inspections. The company is headquartered in Chiba, Japan, and its shares are listed on the Tokyo Stock Exchange.

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