BayCurrent Consulting (6532) Q2 2026 earnings summary

Executive summary

• Revenue for the first half rose 26.6% year-over-year to 68,462 million yen, with EBITDA up 27.7% to 23,754 million yen and an EBITDA margin of 34.7%.

• Net profit attributable to owners increased 28.9% year-over-year to 17,229 million yen, and basic EPS was 113.44 yen, up from 87.80 yen.

• Consulting demand remains robust, especially in digital transformation and generative AI, driving project and workforce growth.

• Progressed core client strategy and expanded relationships in finance, communications, high tech, mobility, and energy sectors.

• The company targets continuous annual revenue growth of 20% through FY2029, aiming for 250 billion yen revenue and a 30–40% EBITDA margin by FY2029.

Financial highlights

• First half revenue: 68,462 million yen (+26.6% YoY); EBITDA: 23,754 million yen (+27.7% YoY); EBITDA margin: 34.7%.

• Gross profit margin improved to 55.4% from 51.5% year-over-year.

• Operating profit increased 28.4% to 23,270 million yen, and profit before tax rose 28.8% to 23,292 million yen.

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

• EPS forecast for FY2026: 245.68 yen (+21.5% YoY); profit forecast: 37,300 million yen (+21.3% YoY), profit ratio: 26.1%.

Outlook and guidance

• Expect continued strong demand for consulting, especially in digital transformation and generative AI.

• Revenue and EBITDA expected to grow in line with plan, with seasonality leading to higher second-half results.

• No major changes in business structure or unexpected large expenses anticipated.

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

• Net profit attributable to owners is forecast at 37,300 million yen (+21.3%), with basic EPS of 245.68 yen.