CYND (4256) Q3 2026 earnings summary

Executive summary

• Revenue for Q3 FY2026 reached ¥649 million, up 13.3% year-over-year, with ARR at ¥2.39 billion (+11.3% YoY).

• Net sales for the nine months ended December 31, 2025, rose 13.2% year-over-year to ¥1,870 million, with operating profit up 46.4% to ¥269 million and profit attributable to owners of parent up 164.8% to ¥154 million.

• EBITDA for Q3 was ¥192 million, a 39.1% increase YoY, with an EBITDA margin of 29.7%.

• Net income for Q3 was ¥68 million, up 2047% YoY, reflecting strong operational leverage.

• Contracted store count grew to 22,880 (+14.1% YoY), with customer churn rate maintained at a low 0.64%.

Financial highlights

• Cumulative revenue for the first three quarters was ¥1.87 billion (+13.2% YoY).

• Cumulative EBITDA reached ¥510 million (+16.9% YoY), with an EBITDA margin of 27.3%.

• Operating income for Q3 was ¥112 million (+133.4% YoY), and cumulative operating income was ¥269 million (+46.4% YoY).

• Gross profit margin remained high at 77.5% for Q3.

• Basic earnings per share for the nine months was ¥25.57, compared to ¥10.07 in the prior year period.

Outlook and guidance

• FY2026 revenue is forecast at ¥2.582 billion (+15.2% YoY), with EBITDA projected at ¥645 million (+13.2% YoY).

• Net income guidance for FY2026 is ¥164 million (+46.1% YoY), with adjusted net income at ¥442 million (+13.2% YoY).

• Contracted store count is expected to reach 23,000 by fiscal year-end.

• Full-year forecast for fiscal year ending March 31, 2026: net sales of ¥2,582 million (+15.2% YoY), operating profit of ¥315 million (+32.9% YoY), and profit attributable to owners of parent of ¥164 million (+46.1% YoY).