Raksul (4384) investor relations material

Executive summary

• Gross profit grew by 21.5% and EBITDA by 25.5% year-over-year in Q2 FY2026, with all business segments performing steadily and investments executed as planned.

• Revenue for the six months ended January 31, 2026, rose 20.2% year-over-year to ¥35,748 million, with gross profit up 20.9% to ¥12,461 million.

• Operating profit increased 13.3% year-over-year to ¥2,153 million, and profit attributable to owners of parent surged 21.2% to ¥2,163 million.

• Comprehensive income for the period was ¥2,115 million, up 16.6% year-over-year.

Financial highlights

• Q2 FY2026 revenue was JPY 18,513 million, up 23.1% year-over-year; cumulative revenue for the first half was JPY 35,748 million, up 20.2%.

• Gross profit for Q2 was JPY 6,375 million (+21.5% YoY); EBITDA reached JPY 1,740 million (+25.5% YoY).

• Non-GAAP net profit for Q2 was JPY 1,833 million (+8.7% YoY); EPS (non-GAAP) was JPY 31.5, up JPY 2.6 YoY.

• Non-GAAP EBITDA for the period was ¥3,452 million, up 18.3% year-over-year.

• Basic earnings per share increased to ¥37.27 from ¥30.67 year-over-year.

Outlook and guidance

• FY2026 revenue forecast is JPY 75,000–77,000 million (+21.1–24.3% YoY); gross profit forecast is JPY 26,000–27,000 million (+19.9–24.5% YoY).

• EBITDA is projected at JPY 7,200–7,700 million (+18.1–26.3% YoY); non-GAAP net profit at JPY 4,600–5,100 million (+7.3–19.0% YoY).

• EPS (non-GAAP) guidance is JPY 79.4–88.0 (+7.5–19.2% YoY).

• Full-year revenue forecast for fiscal year ending July 31, 2026, is ¥75,000–¥77,000 million, representing 21.1–24.3% year-over-year growth.

• Progress against full-year forecast is steady, with revenue and gross profit at approximately 48% of annual targets by Q2.