All's & Company, a Tokyo marketing-support business, listed on the TOKYO PRO Market on 29 September 2026. The exchange runs that market for professional investors. On the same day the company published a full-year forecast that has it swinging from profit to a net loss.
The guidance
For the year to December 2026 the company expects sales of ¥1.64bn, up 20.6%. Operating profit is forecast at only ¥253,000, which is 99.2% lower than the previous year. It expects an ordinary loss of ¥19.1mn and a net loss attributable to shareholders of ¥33.9mn, against a net profit of ¥116.8mn in 2025. Loss per share is forecast at ¥18.89.
| Item | Forecast, year to Dec 2026 | Actual, 2025 |
|---|---|---|
| Sales | ¥1.64bn | ¥1.36bn |
| Operating profit | ¥253,000 | ¥32.4mn |
| Ordinary profit (loss) | Loss of ¥19.1mn | ¥25.9mn |
| Net profit (loss) to shareholders | Loss of ¥33.9mn | ¥116.8mn |
The first half looks stronger than that full-year guide. Sales for the six months to June were ¥853.3mn, operating profit was ¥39.4mn and profit attributable to shareholders was ¥16.6mn. The half-year operating profit is already well above the full-year operating forecast, and the document gives no bridge for the second half. The interim statement was not reviewed by an auditor.
The company says the forecast rests on business with existing customers, prospects for new ones, and costs led by staff expenses. Non-operating costs include interest on borrowings and bond guarantee fees.
A thin balance sheet
Total assets were ¥2.19bn at the end of June and net assets were ¥119.8mn, an equity ratio of 5.5%, up from 4.4% at the end of 2025. Liabilities were ¥2.07bn. Cash and deposits fell ¥243.0mn over the half, while goodwill rose ¥113.8mn after the company bought shares in Maroo, a new consolidated subsidiary. The cash-flow statement shows ¥109.7mn paid for those shares and ¥130mn spent redeeming bonds. Shares outstanding rose to 2,740,000 from 840,000 at the end of 2025.
Why list, and what next
The company says it listed to raise its credibility and profile, win more business, hire better staff and build management systems suited to a listed company. It says it will use the listing to deepen ties with existing customers and to recruit and retain specialists.
It also says it intends to move to the Tokyo Stock Exchange's Growth market after building its business and management controls on TOKYO PRO Market. It says the timing will depend on results, market conditions and whether it meets listing standards, and it sets no date. After a move it plans to diversify funding and expand spending on hiring and marketing.
The company also designated a securities firm based in Tokyo's Minato ward as its liquidity provider for the listing. It plans to file its interim issuer information on 30 September.