DIP Corporation (2379) Q3 2026 earnings summary

Executive summary

• Transitioned to a solutions-based sales organization, impacting sales and profits in Q3 FY'26/2, with investments in Spot Baitoru, AI-driven services, and compliance initiatives.

• Addressed unpaid wage issues in spot part-time jobs, leading industry response, legal recognition, and ongoing regulatory scrutiny.

• Enhanced trust and reputation through compliance, collaboration with financial institutions, and high-profile promotional activities, including partnerships with Shohei Ohtani and major events.

• Advanced AI initiatives and operational reforms to strengthen job search, recruitment services, and productivity.

• Investments in head office expansion and new graduate recruitment contributed to higher costs.

Financial highlights

• Q3 FY'26/2 sales: ¥13,527 million, down 4.9% year-on-year; operating income: ¥2,644 million, down 21.4%; net income attributable to owners: ¥1,883 million, down 18.6%.

• For the nine months ended November 30, 2025: sales ¥42,378 million (down 0.6%), operating income ¥8,085 million (down 25.7%), net income attributable to owners ¥5,598 million (down 23.9%).

• Media Services sales decreased 5.2% YoY; number of contracted companies fell 7.5% YoY, but contract unit price rose 2.4% YoY.

• DX Business sales declined 5.1% YoY in Q3; ARPU increased due to more locations per company using MEO KOBOT.

• Cash and cash equivalents at end of Q3: ¥7,873 million, down from ¥15,156 million at the previous year-end.

Outlook and guidance

• Full-year FY'26/2 sales forecast unchanged at ¥60,000 million (+6.4% YoY); operating income forecast at ¥12,000 million (-10.5% YoY); net income expected at ¥8,000 million (down 10.6%).

• FY'27/2 targets: 8% sales growth, operating income to exceed ¥17 billion, driven by monetization of Spot Baitoru and AI products.

• Year-end dividend forecast maintained at ¥95 per share for FY'26/2, with a total return ratio of at least 62%.

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