BayCurrent Consulting (6532) Q3 2026 earnings summary

Executive summary

• Q3 cumulative revenue reached 105,936 million yen, up 26.8% year-over-year, with EBITDA of 35,909 million yen, up 22.1% year-over-year, and an EBITDA margin of 33.9%.

• Net profit attributable to owners increased 22.8% year-over-year to 26,043 million yen, and basic EPS rose to 171.48 yen.

• Performance met guidance, with revenue and EBITDA margin within target ranges and no unexpected or one-time major expenses.

• Number of consultants increased 13.6% year-over-year to 5,306, supporting business expansion.

• The company targets 20% annual revenue growth and an EBITDA margin of 30–40% through FY2029.

Financial highlights

• Q3 cumulative revenue: 105,936 million yen (+26.8% YoY); full-year forecast: 143,000 million yen (+23.2% YoY).

• Q3 cumulative EBITDA: 35,909 million yen (+22.1% YoY); full-year forecast: 52,000 million yen (+19.6% YoY, margin 36.4%).

• Gross profit margin improved to 55.8% from 52.3% year-over-year.

• Operating profit increased 22.4% to 35,193 million yen, and profit before tax rose 22.7% to 35,206 million yen.

• Total comprehensive income for the period was 26,048 million yen, up 22.9% year-over-year.

Outlook and guidance

• Full-year performance expected to align with guidance, with no major changes in business structure or external environment anticipated.

• Full-year revenue forecast is 143,000 million yen, up 23.2% year-over-year, with profit attributable to owners projected at 37,300 million yen, up 21.3%.

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

• Official performance forecast for next fiscal year to be disclosed in April 2026.

• Medium-Term Business Plan targets 20% CAGR in revenue, aiming for 250 billion yen in five years and maintaining EBITDA margin of 30-40%.