VRAIN Solution (135A) Q4 2026 earnings summary

Executive summary

• Achieved record-high revenue of ¥3,278 million and net income of ¥652 million for the fiscal year ended February 2026, with year-over-year growth exceeding 52% across key financial metrics.

• Expanded customer base to 337 companies, secured large-scale projects, and opened new offices in Sendai and Sapporo, with operations starting at Tokyo and Osaka factories.

• Launched new AI X-ray inspection machine PX-1000N and strengthened recruitment and support teams to build a foundation for future growth.

Financial highlights

• Revenue: ¥3,278 million, up 52.9% year-over-year; gross profit: ¥2,585 million, up 53.7% year-over-year; gross margin 78.9%.

• Operating profit: ¥914 million, up 53.8% year-over-year; operating margin 27.9%; ordinary income: ¥912 million, up 53.3%.

• Net income: ¥652 million, up 53.4% year-over-year; net margin: 19.9%.

• Order backlog: ¥1,269 million, up 225.5% from previous year-end.

• Total assets increased to ¥3,215 million from ¥1,873 million; equity rose to ¥2,086 million from ¥1,422 million.

Outlook and guidance

• FY2027 forecast: revenue ¥4,823 million (+47.1% YoY), operating profit ¥1,449 million (+58.5% YoY), net income ¥972 million (+49.2% YoY).

• AI systems expected to contribute ¥4,423 million and DX consulting ¥400 million in sales.

• Plans to open five new domestic offices, accelerate global expansion, and strengthen sales and recruitment.

• Mid-term management policy targets 50% revenue CAGR and 30–40% operating margin.