Miroku Jyoho Service (9928) Q4 2026 earnings summary

Executive summary

• Net sales increased 6.0% year-over-year to ¥48,926 million, driven by strong ERP product sales and a shift to subscription-based models.

• Operating profit rose 6.2% to ¥6,677 million, and profit attributable to owners of parent surged 23.4% to ¥5,406 million year-over-year.

• The company expanded its global presence by acquiring Synergix Technologies Pte Ltd. in Singapore, included in consolidated results from Q4.

• Launched new SaaS cloud ERP product LucaTech GX Lite and enhanced AI-powered DX platform services.

Financial highlights

• Gross profit increased to ¥29,651 million from ¥27,876 million year-over-year.

• Service revenues grew 14.7% to ¥21,164 million, with software utilization fees up 33.8%.

• Basic earnings per share rose to ¥180.56 from ¥146.40 year-over-year.

• Capital adequacy ratio improved to 68.0% from 64.6% year-over-year.

• Cash and cash equivalents at year-end were ¥13,754 million, down from ¥15,459 million.

Outlook and guidance

• FY2027 forecast: net sales ¥53,800 million (+10.0%), operating profit ¥7,230 million (+8.3%), profit attributable to owners of parent ¥4,810 million (–11.0%).

• Medium-term targets for FY2028: net sales ¥60 billion, ordinary profit ¥12 billion, ROE >18%.

• Dividend per share forecast for FY2027 is ¥65, up from ¥60 in FY2026.