BayCurrent Consulting (6532) Q1 2026 earnings summary

Executive summary

• Q1 FY2026 revenue reached 34,307 million yen, up 25.7% year-over-year, with EBITDA at 12,455 million yen, up 28.8% year-over-year and a margin of 36.3%.

• Profit attributable to owners of parent increased 29.3% year-over-year to 9,016 million yen, with basic EPS at 59.32 yen.

• Performance met guidance, driven by strong demand for consulting services, especially in DX and generative AI.

• Active recruitment and talent cultivation increased consultant headcount by 19.2% year-over-year to 4,770.

• The company continues to focus on talent development, core client strategies, and service enhancement to achieve its medium-term growth targets.

Financial highlights

• Q1 revenue: 34,307 million yen (+25.7% YoY); Q1 EBITDA: 12,455 million yen (+28.8% YoY, margin 36.3%).

• Gross profit increased 31.4% year-over-year to 19,222 million yen, with gross margin improving to 56.0%.

• Operating profit rose 29.1% to 12,207 million yen, and profit before tax was up 29.2% to 12,190 million yen.

• FY2026 full-year revenue forecast: 143,000 million yen (+23.2% YoY); EBITDA forecast: 52,000 million yen (+19.6% YoY, margin 36.4%).

• FY2026 profit forecast: 37,300 million yen (+21.3% YoY); EPS forecast: 245.68 yen (+21.5% YoY).

Outlook and guidance

• Q2 and full-year revenue and EBITDA expected to grow in line with plan, with no major structural changes or one-time expenses anticipated.

• Seasonality expected to drive higher revenue and EBITDA in the second half of the year.

• Medium-term plan targets 20% CAGR, aiming for 250 billion yen revenue and 30-40% EBITDA margin by FY2029.

• No revisions have been made to previously announced forecasts.

• Basic EPS for the full year is forecast at 245.68 yen.