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Soracom (147A) investor relations material
Soracom Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong revenue and profit growth in Q3 FYE March 2026, with net sales for the nine months ended December 31, 2025, rising 47.6% YoY to ¥8,419 million and profitable growth of 48.8%.
Operating profit increased to ¥645 million from ¥123 million YoY, and profit attributable to owners of parent reached ¥509 million, reversing a loss in the previous period.
Upward revision to full-year forecast: revenue now expected at JPY 12.2B (+8%) and operating profit at JPY 0.83B (+23%).
Global revenue ratio exceeded 40%, led by US growth (84% CAGR), and platform connections surpassed 9 million.
SG&A ratio improved by 10.9pt YoY to 44.5% due to generative AI-driven automation.
Financial highlights
Q3 YTD recurring revenue: JPY 6.61B (+38.2% YoY); total revenue: JPY 8.41B (+47.6% YoY).
Gross profit: JPY 4.39B (+33.8% YoY), margin declined by 5.4pt due to Misora Connect consolidation.
EBITDA: JPY 891MM (+3.5x YoY); operating profit: JPY 645MM (+5.2x YoY).
Basic earnings per share improved to ¥11.25 from a loss of ¥3.65 in the prior year.
Comprehensive income for the period was ¥578 million, compared to a loss of ¥94 million YoY.
Outlook and guidance
Full-year net sales forecast is ¥12,200 million, up 35.7% YoY, with recurring revenue forecast at ¥9,100 million (+38.7% YoY).
Full-year EBITDA is projected at ¥1,210 million (+45.1% YoY), operating profit at ¥0.83B (+26.4% YoY), and profit attributable to owners of parent at ¥610 million (+72.9% YoY).
Basic earnings per share for the full year is expected to be ¥13.48.
Revenue and profit forecasts revised upward, driven by a large device project, increased KDDI synergy revenue, and Misora Connect performance.
SG&A expenses expected to remain controlled, with further improvement in SG&A-to-revenue ratio.
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