Q1 FY2027 Financial Summary (Consolidated) [Japanese GAAP]

Overview of Results

Consolidated revenue for the first quarter of this period was 1,726,064 thousand yen, up 4.8% YoY, while operating loss was 65,490 thousand yen, ordinary loss was 62,806 thousand yen, and net loss attributable to owners of the parent for the period was 46,353 thousand yen. Segment-wise, Funeral & PhotoBook showed growth, while the Air Display segment reduced losses. Costs associated with new business investments and double rent contributed to these results. The full-year outlook is unchanged, with revenue of 7,860 million yen, operating income of 460 million yen, and net income attributable to owners of the parent of 315 million yen expected.

Outlook and Considerations

Quarterly cash flow statements were not disclosed, and cost pressures from higher costs and advertising spend may affect profitability. Growth potential in Funeral & PhotoBook and technology development/licensing in Air Display are expected to be keys to future earnings contribution. Changes in subsidiary segments may affect comparability going forward. Investors should monitor raw material price stability, labor cost management, and timing of profitability from new businesses.