CYND (4256) Q2 2026 earnings summary

Executive summary

• Net sales for FY26 2Q reached 0.62 billion yen, up 13.5% year-over-year, with EBITDA at 0.18 billion yen, up 17.2% year-over-year.

• The number of contracted stores increased 16.2% year-over-year to 22,193, supporting recurring revenue growth.

• Net sales for the six months ended September 30, 2025, rose 13.1% year-over-year to ¥1,221 million, with operating profit up 15.6% to ¥157 million and profit attributable to owners of parent up 56.3% to ¥86 million.

• ARR grew 13.2% year-over-year to 2.34 billion yen, reflecting strong subscription business momentum.

• Customer churn rate remained low at 0.67%, indicating high customer retention.

Financial highlights

• Gross profit for FY26 2Q was 481 million yen, up 11.7% year-over-year, with a gross margin of 77.5%.

• Operating income for FY26 2Q was 101 million yen, up 37.7% year-over-year, with an operating margin of 16.3%.

• EBITDA for the six months was ¥318 million, up 6.6% year-over-year.

• Net income for FY26 2Q was 61 million yen, up 105.1% year-over-year.

• Basic earnings per share rose to ¥14.28 from ¥9.52 in the prior year period.

Outlook and guidance

• FY26 full-year forecast: net sales of 2.58 billion yen (+15.2% YoY), EBITDA of 0.64 billion yen (+13.2% YoY), and net income of 164 million yen (+46.1% YoY).

• Targeting 23,000 contracted stores by fiscal year-end.

• Mid-term target: consolidated net sales of 3.0 billion yen or more and 20–30% EBITDA margin by FY27.

• No revisions to previously announced earnings forecasts.