Relo Group (8876) Q1 2026 earnings summary

Executive summary

• Revenue grew 3.2% year-over-year to ¥35,745 million, driven by strong stock business performance.

• Operating profit declined 9.0% year-over-year to ¥6,415 million due to postponed asset postings.

• Net income dropped 81.6% year-over-year to ¥4,414 million, reflecting a prior-year one-time gain from the sale of investments.

• Growth in the Outsourcing segment and increased units under management contributed to higher recurring revenue.

Financial highlights

• Q1 FY2026 revenue: ¥35,745 million (up 3.2% year-over-year); operating profit: ¥6,415 million (down 9.0%); net profit: ¥4,414 million (down 81.6%).

• Excluding the prior-year gain, net income fell 9.6% year-over-year to ¥4,414 million.

• Basic EPS: ¥29.50 (down from ¥157.33 year-over-year); diluted EPS: ¥27.97.

• Total assets at June 30, 2025: ¥299,449 million; total equity: ¥68,028 million; equity ratio: 21.9%.

• Cash and cash equivalents decreased to ¥59,028 million, down ¥4,992 million from the previous fiscal year-end.

Outlook and guidance

• FY2026/3 revenue is projected at ¥150,000 million (+5.0% year-over-year); operating profit forecast at ¥31,400 million (+3.2%).

• Net income is expected to decrease 51.5% to ¥21,000 million due to the absence of extraordinary gains.

• Basic EPS forecast for FY2026: ¥140.30; dividend forecast: ¥49.00 per share.

• Segment plans include 6.4% revenue growth in Outsourcing and 7.8% in Fringe Benefits.

• No change to previously announced business forecasts.