Q1 FY2027 Report Highlights

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In the Q1 FY2027 earnings summary, consolidated net sales reached 1,776 million yen, up 13.9% year over year. Adjusted EBITDA was 357 million yen and operating income was 303 million yen, both ahead of interim forecasts and annual plans. The EC business posted double-digit growth in GMV and net sales, with ongoing advertising investments to expand the customer base both domestically and internationally. The Financial business posted net sales of 721 million yen, with growth driven by subscription revenues from URIHO and Paid. While cost structure was affected by organizational changes, the impact on the consolidated results was limited.

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For the outlook, the company plans to continue expanding advertising and promotional investments. Focus will be on expanding reach and improving activation of acquired customers, with investments intensifying from Q2 onward to pursue new member acquisition and lifetime value (LTV) improvement. In the EC business, growth is expected to be driven by expansion of large customers and higher average spend, pursuing growth in both overseas and domestic markets. The Financial business will continue to expand URIHO/Paid subscription revenue and strengthen a stable earnings base alongside rising warranty balances.