AMIYA (4258) Q1 2026 earnings summary

Executive summary

• Achieved record quarterly profit in Q1 FY2026, fully absorbing temporary non-recurring costs and driven by policy tailwinds and strong subscription growth.

• Net sales for Q1 2026 were ¥1.762B, up 26.8% YoY; operating profit reached ¥347M, up 23.1% YoY; net profit was ¥278M, up 15.8% YoY.

• Acquired Ampere Inc. to establish a domestic manufacturing base, expected to add ¥1.5–1.7B in revenue and ¥200–400M in ARR next fiscal year.

• Demand for ALog and cybersecurity consulting remains robust, especially in manufacturing, driven by compliance with the SCS Assessment System.

Financial highlights

• Q1 revenue: ¥1.762B (+26.8% YoY); operating profit: ¥347M (+23.1% YoY); net profit: ¥278M (+15.8% YoY).

• Ordinary profit for Q1 2026 was ¥331M, up 19.0% YoY; comprehensive income was ¥215M, up 12.5% YoY.

• ARR increased 30% YoY to ¥4.022B, with DS Business ARR up 37% YoY.

• Contract liabilities rose 40.3% YoY, reflecting strong upfront cash inflows from the subscription model.

Outlook and guidance

• Q1 operating profit achieved 29% of the full-year forecast, indicating strong progress toward annual targets.

• Full-year 2026 net sales forecast is ¥7.002B; operating profit forecast: ¥1.2B; net profit forecast: ¥850M; EPS forecast: ¥101.75.

• Medium-term targets include ARR of ¥7.2B by FY2028, driven by expansion in SIEM/SASE subscriptions and new business lines.

• Continued investment in R&D and sales promotion, especially for SASE solutions, to capture market leadership.