Relo Group (8876) Q3 2026 earnings summary

Executive summary

• Revenue grew 4.0% year-over-year to ¥108,968 million, driven by strong stock business growth and increases in managed units and employee members in core businesses.

• Operating profit declined 1.6% year-over-year to ¥21,360 million, mainly due to lower gains from asset sales and upfront investments for the new Medium-term Management Plan.

• Net income dropped 60.8% year-over-year to ¥14,620 million, reflecting the absence of prior year’s one-time gains from share sales and FX adjustments.

• Profit before income taxes fell 51.4% year-over-year, mainly due to a one-time gain on sale of investments in the prior year.

• Excluding one-time gains, profit before income taxes and net income declined 1.9% and 2.9% year-over-year, respectively.

Financial highlights

• Revenue: ¥108,968 million (+4.0% YoY); Operating profit: ¥21,360 million (−1.6% YoY).

• Net income: ¥14,620 million (−60.8% YoY), mainly due to absence of large one-off gains.

• Basic earnings per share for the nine months was ¥97.13, down from ¥246.16 in the prior year.

• Total assets as of December 31, 2025, were ¥296,726 million, down ¥6,449 million from March 31, 2025.

• Quarterly operating profit growth improved sequentially, with Q3 up 7.6% YoY.

Outlook and guidance

• FY2026/3 revenue projected at ¥150,000 million (+5.0% YoY); operating profit at ¥31,400 million (+3.2% YoY); profit attributable to owners of the parent at ¥21,000 million.

• Basic earnings per share for the full year is projected at ¥140.30.

• Planned investments in human resources and product development expected to temporarily raise fixed costs, offset by double-digit stock sales growth.

• No changes to previously announced business forecasts.