ZIGExN (3679) Q3 2026 earnings summary

Executive summary

• Q3 FY2026/3 revenue was 20,891 million yen, up 12.7% YoY, with EBITDA of 5,394 million yen, up 4.9% YoY, and operating income of 4,161 million yen, up 1.1% YoY.

• Net income attributable to owners was 2,893 million yen, up 3.3% YoY, with EPS at 28.95 yen, up from 27.47 yen.

• Growth was driven by existing businesses, especially Ties, and new M&A contributions, with the business anchored by the Life Service Platform.

• Awesome Agent absorbed Sanko Ad to enhance logistics recruitment and efficiency.

• Progress toward full-year forecasts is on track, with expectations for a strong Q4 peak season.

Financial highlights

• Revenue increased both YoY and sequentially, supported by M&A consolidation effects.

• EBITDA reached a record high for Q3, despite a slight downward trend in operating margins due to portfolio mix changes and upfront investments.

• Number of corporate clients grew 5% YoY to 24,179, and unit price per client rose 6.5% YoY to 1.15 million yen.

• Total assets increased to 39,516 million yen, up 1,943 million yen from the previous fiscal year-end.

• Cash and cash equivalents at period-end were 12,306 million yen, down 1,990 million yen from the previous year-end.

Outlook and guidance

• Revenue, EBITDA, and operating income are progressing at 75%, 73%, and 71% of full-year forecasts, respectively.

• Full-year FY3/2026 revenue is forecast at 28,000 million yen, up 10% YoY, with EBITDA of 7,430 million yen and net income of 4,020 million yen.

• Full-year EPS forecast is 40.20 yen, with a dividend increase to 11.0 yen per share planned.

• Q4 is expected to benefit from seasonal demand, especially in Vertical HR and Living Tech.

• No changes have been made to the previously announced financial forecast.