JAPANESE

Forecasts

Forecasts for Consolidated Results

In the fiscal year ending March 31, 2027, the Company expects to post continued revenue and profit growth on a consolidated basis. While operating income is forecast to rise across all reportable segments, the Company will actively pursue growth investments in areas such as AI infrastructure and AI services for business expansion during the current Medium-term Management Plan period.

(Billions of yen)

FY2025
Actual		 FY2026
Forecast		 Year on year Year on year %
Revenue 7,038.7 7,500.0 +461.3 +6.6%
Adjusted EBITDA*1 1,819.6 1,950.0 +130.4 +7.2%
Operating income 1,042.6 1,100.0 +57.4 +5.5%
Net income*2 550.8 560.0 +9.2 +1.7%
[Notes]
  1. *1
    Adjusted EBITDA = operating income + depreciation and amortization (including loss on disposal of non-current assets) + stock compensation expenses ± other adjustments
  2. *2
    Net income: net income attributable to owners of the Company

Forecasts for the Operating Income by Segment

In the Consumer segment, the Company expects an increase in profits mainly due to higher revenue driven by the revision of mobile service fees and other factors, despite increases in amortization of sales commissions from previous fiscal years and sales promotion expenses. In the Enterprise segment, the Company expects higher profits mainly from cloud, AI, and mobile services, driven by the advancement of customers' DX (Digital Transformation) and AX (AI Transformation). In the Media & EC segment, the Company expects to see profit growth driven by the recovery from the system outage at ASKUL Corporation, reductions in fixed costs, and the enhancement of product capabilities. In the Financial segment, the Company expects to see profit growth driven by further expansion in the payment field and growth in the financial services field. Additionally, “Other” is expected to see an increase in research and development expenses and other items toward the construction of Next-generation Social Infrastructure.

(Billions of yen)

FY2025
Actual		 FY2026
Forecast		 Year on year Year on year %
Consumer segment 550.8 560.0 +9.2 +1.7%
Enterprise segment 192.4 230.0 +37.6 +19.5%
Distribution segment 35.3 36.0 +0.7 +2.1%
Media & EC segment 240.4 264.0 +23.6 +9.8%
Financial segment 86.3 110.0 +23.7 +27.5%
Other*3 -62.6 -100.0 -37.4 -
Total 1,042.6 1,100.0 +57.4 +5.5%
[Note]
  1. *3
    Other includes operating income and loss not included in any of the “Consumer,” “Enterprise,” “Distribution,” “Media & EC,” and “Financial segments,” and adjustments including eliminations of intersegment transactions and expenses not allocated to each reportable segment