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.
| Metric | FY3/26 | FY3/25 | YoY |
|---|---|---|---|
| Revenue (¥m) | 9,505 | 7,174 | +32.5% |
| Adjusted EBITDA (¥m) | 560 | 188 | +197.4% |
| Operating profit (¥m) | 440 | 143 | +207.4% |
| Ordinary profit (¥m) | 336 | 107 | +212.9% |
| Net profit attrib. (¥m) | 444 | 74 | +495.0% |
| EPS (¥, split-adj.) | 22.81 | 4.13 | +452.3% |
| Equity ratio | 51.8% | 46.1% | +5.7pp |
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