Infcurion FY2026 Revenue Jumps 33% to ¥9.5bn; Operating Profit Triples in First Post-IPO Results

The payments and embedded-finance company posted FY3/2026 revenue up 32.5% to ¥9.51 billion and operating profit up 207% to ¥440 million, with net profit nearly six times higher at ¥444 million, in its first full-year results since listing on the TSE Growth market in October 2025.

Infcurion digital payments and embedded-finance technology Infcurion, Inc. · TSE

Infcurion, Inc. (TSE: 438A), a Tokyo-based fintech that provides payment systems and embedded-finance infrastructure, reported FY3/2026 results (year ended March 31, 2026) under Japanese GAAP — its first full year as a public company following its October 24, 2025 listing on the Tokyo Stock Exchange Growth market. Consolidated revenue rose 32.5% year-on-year to ¥9.51 billion, operating profit jumped 207.4% to ¥440 million, ordinary profit rose 212.9% to ¥336 million and net profit attributable to owners surged 495.0% to ¥444 million. EPS was ¥22.81 (split-adjusted), up from ¥4.13.

Scaling payments and embedded finance

Adjusted EBITDA — operating profit plus depreciation and share-based compensation — nearly tripled to ¥560 million (+197.4%) as the company's payment-processing and embedded-finance platforms gained scale. The operating margin reached 4.6% and ROE 11.1%, a marked improvement on the prior year.

Balance sheet strengthened by the IPO

The October listing reinforced the balance sheet: net assets rose to ¥5.58 billion from ¥2.41 billion, the equity ratio improved to 51.8% from 46.1%, and book value per share turned positive at ¥269.06 (from negative a year earlier). Total assets were ¥10.76 billion, with a year-end cash position of ¥5.34 billion. The company carried out a 400-for-1 stock split on August 20, 2025 ahead of listing.

Dividend

Infcurion paid no dividend for FY3/2026, retaining earnings to fund growth in its payments and embedded-finance businesses.

Infcurion — FY3/2026 Key Financials (J-GAAP, consolidated)
MetricFY3/26FY3/25YoY
Revenue (¥m)9,5057,174+32.5%
Adjusted EBITDA (¥m)560188+197.4%
Operating profit (¥m)440143+207.4%
Ordinary profit (¥m)336107+212.9%
Net profit attrib. (¥m)44474+495.0%
EPS (¥, split-adj.)22.814.13+452.3%
Equity ratio51.8%46.1%+5.7pp

JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.