Ai Robotics, Inc. (TSE: 247A) reported non-consolidated full-year results for the fiscal year ended March 31, 2026 (FY3/2026) under Japanese GAAP. Revenue more than doubled, rising 106.7% year-on-year to ¥29,359 million from ¥14,206 million, while operating profit grew 53.3% to ¥3,802 million. Ordinary profit rose 56.0% to ¥3,780 million and net profit increased 55.9% to ¥2,654 million from ¥1,703 million. Basic earnings per share came in at ¥43.43 (diluted ¥40.66) versus ¥32.47 (diluted ¥28.14) a year earlier, on figures retroactively adjusted for two stock splits. Return on equity remained exceptionally high at 56.7%, albeit down from 76.8% as the equity base expanded.
An AI-driven D2C product company
Listed on the Tokyo Stock Exchange Growth market on September 27, 2024, Ai Robotics runs a single-segment direct-to-consumer (D2C) brand business in which artificial intelligence and accumulated customer data drive product planning, development and marketing. The company operates its own software platform — branded "SELL" — to generate competitive advantage across the product lifecycle. Its portfolio spans skincare flagship "Yunth", the "Brighte" beauty-device line, and a newly launched haircare brand, "Straine", rolled out in June 2025. The breadth of the lineup, combined with a data-led launch playbook, underpins the year's outsized top-line growth.
Brand momentum across skincare, devices and haircare
The skincare market that Ai Robotics serves was buoyed by resilient domestic demand and a strong inbound-tourism boost at drugstores and variety stores. Against that backdrop, the company invested in brand building for Yunth — appointing a globally recognised artist as ambassador — and expanded the Brighte beauty-device lineup with more products and colour variations to strengthen sales through consumer-electronics retailers. The standout new launch was Straine: shortly after debut it took six No. 1 rankings on Rakuten and placed near the top of multiple magazine rankings, and it is now selling steadily across roughly 17,500 drugstores and variety stores nationwide. Operating margin was 13.0% (down from 17.5%) as the company leaned into marketing and brand investment to fuel growth, while the ordinary-profit margin reached 29.8%.
Balance sheet expands on rapid scaling
The fast growth carried a working-capital cost. Total assets jumped to ¥18,431 million from ¥6,966 million, driven by a ¥6,129 million rise in accounts receivable and a ¥3,750 million increase in inventory as the company stocked its expanding brand portfolio. Net assets rose to ¥6,049 million from ¥3,309 million on retained earnings and warrant exercises, but the equity ratio eased to 32.8% from 47.5% as interest-bearing debt grew ¥6,334 million to fund the build-out. Book value per share rose to ¥93.21 from ¥56.68. Reflecting the receivables and inventory build, operating cash flow swung to an outflow of ¥5,880 million (from a ¥1,314 million inflow a year earlier), with the gap bridged by ¥6,418 million of financing inflows — chiefly a ¥3,500 million net increase in short-term borrowings and ¥3,900 million of new long-term loans. Period-end cash stood at ¥3,987 million.
BJC acquisition and first consolidated FY27 guidance
As a material subsequent event, Ai Robotics acquired 100% of BJC Co., Ltd. for ¥25,550 million in cash, completing the deal on April 1, 2026 and turning the company into a group. BJC distributes beauty products through professional channels — hair salons and esthetic clinics — and is a category leader in eyelash serums and foundations with brands such as "soaddicted" and "SPICARE." Because of the acquisition, management issued consolidated guidance for the first time for FY3/2027, presenting adjusted metrics that strip out one-off M&A costs and goodwill amortisation (provisionally assumed at ¥1,500 million). The outlook targets revenue of ¥56,000–60,000 million (+90.7% to +104.4%), operating profit of ¥7,500–10,000 million (+97.2% to +163.0%), adjusted EBITDA of ¥9,500–12,000 million, and adjusted net profit of ¥5,900–7,400 million — in effect aiming to roughly double the business once more. As a high-growth company prioritising reinvestment, Ai Robotics paid no dividend for FY3/2026 and forecasts none for FY3/2027.
| Metric | FY3/2026 | FY3/2025 | YoY |
|---|---|---|---|
| Revenue (¥ million) | 29,359 | 14,206 | +106.7% |
| Operating profit (¥ million) | 3,802 | 2,480 | +53.3% |
| Ordinary profit (¥ million) | 3,780 | 2,422 | +56.0% |
| Net profit (¥ million) | 2,654 | 1,703 | +55.9% |
| Basic EPS (¥) | 43.43 | 32.47 | +33.8% |
| Operating margin | 13.0% | 17.5% | -4.5pp |
| ROE | 56.7% | 76.8% | -20.1pp |
| Equity ratio | 32.8% | 47.5% | -14.7pp |
| BVPS (¥) | 93.21 | 56.68 | +64.5% |
| FY27 revenue guidance (¥ million, consolidated) | 56,000–60,000 | — | +90.7% to +104.4% |
| FY27 operating profit guidance (¥ million, consolidated) | 7,500–10,000 | — | +97.2% to +163.0% |
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.