CYND (4256) Q4 2026 earnings summary

Executive summary

• Net sales for FY26 reached 2.54 billion yen, up 13.4% year-over-year, with EBITDA at 0.65 billion yen, up 14.4% year-over-year, and operating profit up 39.7% to 331 million yen.

• Number of contracted stores grew 13.8% year-over-year to 23,553, with consolidated ARR up 10.9% to 2.46 billion yen.

• Comprehensive income matched profit attributable to owners of parent at 172 million yen, up from 112 million yen the previous year.

• Revenue was slightly below forecast, but EBITDA met expectations due to cost controls.

• BeautyMerit saw increased new contracts but missed revenue targets due to lower orders from large chains.

Financial highlights

• FY26 net sales: 2.54 billion yen (+13.4% YoY); EBITDA: 0.65 billion yen (+14.4% YoY); ARR: 2.46 billion yen (+10.9% YoY).

• Operating income rose 39.7% YoY to 331 million yen; net income increased 53.7% YoY to 172 million yen.

• Gross profit margin slightly declined to 76.8% (down 1.0pt YoY); EBITDA margin improved to 25.7%.

• Cash and deposits increased to 2.21 billion yen; total assets at 4.88 billion yen.

• No dividends were paid for the year.

Outlook and guidance

• FY27 consolidated net sales forecasted at 3.00 billion yen (+18.1% YoY); EBITDA at 0.66 billion yen (+1.4% YoY); operating profit up 4.2% to 345 million yen.

• Number of contracted stores projected to reach 26,500 by FY27 year-end.

• Basic earnings per share projected at 30.99 yen for the next fiscal year.

• Profit growth expected to be modest due to increased marketing and investment in new services.

• Mid-term target: maintain 20–30% EBITDA margin and CAGR of 15% or more in net sales.