Results, forecasts and guidance revisions from Japan's listed companies, in English.
The drone company now expects full-year sales of ¥1.7 billion to ¥1.9 billion, down from ¥2.22 billion, after devoting resources to free sewer surveys and demonstrations for municipalities. Delayed SBIR spending means the operating-loss range improved versus the previous plan, but the ordinary-loss range worsened as related subsidy income also shifts into next year.
The eldercare operator raised full-year sales, operating profit and ordinary profit guidance after stronger facility occupancy and tighter cost control, but cut net-income guidance to ¥50 million from ¥250 million. The reason sits below the line: a ¥527 million extraordinary loss tied to the planned closure of Pleasant Luxe Minami-Aoyama.
Project revenue rose 89.0% to ¥11.51 billion and IFRS revenue climbed 141.8% to ¥5.94 billion in the year to April, while operating loss narrowed to ¥9.98 billion and net loss to ¥6.70 billion. Cash and equivalents fell to ¥10.02 billion from ¥21.30 billion, and the coming-year outlook is still a loss-making range rather than a clean turn to profit.
Sales in the year to April rose 2.7% to ¥9,183 million and ordinary profit edged up to ¥2,170 million, but operating profit fell 77.5% to ¥83 million and net income attributable to owners dropped 29.5%. Crypto valuation gains of ¥2,632 million helped bridge the gap, cash and equivalents fell to ¥3,393 million from ¥6,078 million, and the year-end dividend stayed at ¥0.00.
The company now expects a net loss of ¥767 million for the year ending July 31 after booking the current maximum identified damage from April's funds-outflow incident at ¥1,179 million as an extraordinary loss. A ¥357 million deferred-tax benefit softens the accounting hit, but Hatena still swung from a previous forecast for ¥101 million of profit, and it still has not disclosed how much money may be recovered or when the special investigation committee will report.
First-quarter sales rose 83.2% to ¥1.386 billion and the operating loss narrowed to ¥364 million, but a ¥1.682 billion equity-method loss tied mainly to WCP kept net loss at ¥2.033 billion. Management left full-year guidance unchanged.
Revenue slipped 2.1% to ¥50.6 billion in the year ended April 2026, while operating profit fell 29.4% to ¥3.65 billion. The group still raised its annual dividend to ¥55 a share and plans to keep it there even as it guides for another profit decline this year.
Visional lifted nine-month revenue 24.3% to ¥73.157 billion and operating profit 12.2% to ¥19.612 billion, enough to keep its full-year outlook unchanged. BizReach remained the profit engine, with nine-month sales of ¥59.714 billion and a 42.7% pre-corporate-allocation operating margin. HRMOS grew faster, with sales up 77.7% to ¥6.653 billion, helped by the inclusion of Thinkings' sonar ATS business, though management says the acquisition effect on progress against the full-year sales plan is minor.
After changing its year-end, Timee reported a six-month transition period with ¥21.0 billion in revenue and ¥3.81 billion in operating profit, while warning that direct comparison with the prior year is not meaningful. The platform still looks large, with more than 14.2 million registered workers, over 465,000 client locations and ¥69.5 billion in gross transaction value. New disclosures show where management wants the next leg of growth to come from: a summer rollout for long-term part-time hiring support, an expanded direct-recruiting model, a renamed logistics subsidiary and a planned finance arm.
First-quarter sales rose 10.7% to ¥67.844 billion and operating profit rose 13.8% to ¥2.052 billion, with the distributor business doing most of the heavy lifting. May sales then ran at 109.9% of the prior-year month, while cash-and-carry growth stayed much softer.
First-quarter sales rose to ¥1.801 billion and operating profit turned positive, but a ¥31.16 million loan-loss allowance and tax expense left a ¥36 million net loss. Separately, the company disclosed a post-quarter cash outflow of about ¥45 million after a false remittance instruction by a third party posing as company personnel.
Raccoon finished the year to April 2026 with ¥6.574 billion in revenue and ¥1.32 billion in operating profit, but it is guiding for operating profit to fall to ¥600 million in the coming year as promotion spending rises. Management said fourth-quarter tests convinced it that heavier customer acquisition can accelerate growth, and its new midterm plan shifts attention toward adjusted EBITDA during a more M&A-minded phase. New services including URIHOmini, BizCheck and SD Direct show the practical version of that strategy: widen the funnel now, hope the margins catch up later.
Digital Grid raised its full-year outlook to ¥6.595 billion in revenue and ¥1.919 billion in net profit after nine-month net profit rose 17.9% to ¥1.872 billion. Management said Power PF and Renewable PF recognized more revenue than budgeted, while the AS business also helped. The read-through is positive, but not just because of the core platform: Renewable PF sales rose 54.6% over the first nine months, and presentation materials showed DGP fee revenue eased quarter on quarter even as handled power volume edged up.
Top Culture reported interim net income of ¥812 million, well above plan, but said ¥747 million of that came from negative goodwill after subsidiary Meibundo took over nine bookstore operations and a corporate sales division. The underlying retail picture was weaker: operating profit was ¥142 million and ordinary profit ¥113 million, both far below the company's own forecast, while existing-store sales in the Tsutaya bookstore segment fell 2.4%. Management withdrew its full-year outlook to undecided as it works out how to run and renovate the inherited stores.
Asahi cut its outlook for the year ended December 2025 ahead of a delayed July 8 results release, trimming revenue by 2.0% but cutting operating profit to ¥185 billion and net profit attributable to owners to ¥120 billion. The company tied the reset to a cyberattack-related system disruption in Japan, higher raw-material costs, impairment losses and related expenses. An extraordinary shareholders meeting is now planned for early September because the same disruption delayed settlement procedures and reporting materials. The figures are revised guidance, not final results.
The consultant posted ¥8.856 billion in first-quarter sales and ¥1.809 billion in operating profit, while keeping its full-year outlook intact. It is also preparing a 2026 application to move from the Growth Market to the Prime Market, though approval is far from guaranteed.
Japan M&A Solution kept revenue guidance for the year ending October 2026 at ¥990 million but raised operating profit to ¥178 million and net income to ¥143 million. Management attributed the margin jump to the first completed deal in its fund business and to savings from fuller use of its in-house AI buyer-search system, while stressing that the sales forecast is unchanged. First-half revenue rose 41.2% to ¥526.936 million, and the company says it had already exceeded its previous full-year profit targets by the end of the second quarter.
GA Technologies posted first-half revenue of ¥142.4 billion and company-defined net revenue of ¥25.5 billion, but business profit fell 7.8% to ¥3.86 billion and operating cash flow swung to a ¥5.25 billion outflow as inventories rose. Management nevertheless kept its full-year framework unchanged, pointing to a stronger second quarter in the RENOSY business and a US marketplace operation that moved into the black. The case for patience is clear enough, but the second half still has to prove it.
Digital Grid raised its outlook for the year to July to ¥6.595 billion in sales, ¥2.836 billion in operating profit and ¥1.919 billion in net profit, after nine-month profit already ran past the old plan. Management pointed to faster-than-budgeted revenue recognition in the electricity and renewable platform businesses and firm battery-related aggregation services. The asterisk is that some platform fee trends softened quarter on quarter, and the company says further reserve-market price-cap cuts could still hurt the AS business.
Revenue rose 24.3% to ¥73.2 billion and operating profit 12.2% to ¥19.6 billion through April, with BizReach still doing most of the work at ¥59.7 billion of revenue and a 42.7% margin. HRMOS grew faster, with revenue up 77.7% to ¥6.65 billion, but its profit contribution remained thin. Management left the year-ending-July outlook unchanged because it still plans heavier investment into the final quarter.
Asahi cut revenue guidance for the year ended December 2025 to ¥2.89 trillion from ¥2.95 trillion, but the bigger damage is below the line, with business profit reduced to ¥260 billion from ¥290 billion and net profit to ¥120 billion from ¥167.5 billion. The brewer blamed cyberattack-related system disruption in Japan, higher raw-material costs, impairment losses and other system-related expenses. It now says the overdue full-year results are due on July 8, and the reporting item skipped at the March shareholders' meeting will move to an extraordinary meeting in early September, with June 30 set as the record date.
Atrae raised profit guidance without touching the sales line: revenue for the year to September stays at JPY 8.6bn, while operating profit rises to JPY 1.3bn from JPY 1.1bn and net profit to JPY 908m from JPY 756m. Management credits stronger higher-margin SMBC Wevox orders and lower-than-planned costs, and it lifted the annual dividend forecast to JPY 34 from JPY 33.
CellSource turned a softer top line into a better interim profit picture. Consolidated revenue for the six months to April slipped 2.5% to JPY 1,775m, but SG&A fell 8.5% and operating profit climbed to JPY 125m from JPY 17m, even as combined blood- and adipose-derived processing cases edged down to 10,114 from 10,303. Management still kept its full-year forecast for a JPY 170m operating loss, saying the year remains one of strategic investment rather than tidy recovery.
Sales were almost flat at JPY 36,072m in the year to April, while operating profit fell 4.9% to JPY 1,426m, and management guided to another slight earnings dip in the coming year. The annual dividend stayed at JPY 85 and is forecast to stay there, even as the company cited higher raw-material costs, labour shortages and cautious consumers.