[ValueCommerce] FY2026 Midterm Performance Variance Announcement | July 29, 2026

Performance Overview

ValueCommerce's sales for the FY2026 midterm period were 5,797 million yen, falling below the previous forecast of 6,400 million yen. The main reason for this decline was a decrease in advertising revenue due to changes in advertising placement policies for performance-based ads. Meanwhile, operating income and ordinary income surpassed expectations thanks to cost reductions and the recording of one-time expenses related to the relocation of head office. The midterm net income also exceeded previous projections due to gains from fixed asset sales. The company has not revised the full-year outlook and will monitor future developments.

Future Outlook and Impact on Shareholders

The full-year forecast for FY2026 has not been revised as of now, but there is a need to manage downside risks to sales and maintain cost controls. The company aims to stabilize net profit through cost reduction measures and improvements in the advertising business. Investors should pay attention to potential pressures on sales decline and progress in cost management. Based on future performance trends, shareholder returns and capital policies may also be reviewed.