Amiya Q1 Operating Profit Rises 23% to ¥347 Million as Cybersecurity Demand Lifts Revenue 27%

Amiya & Co., Ltd. (TSE: 4258) reported consolidated results for the first quarter (January 1 – March 31, 2026) of the fiscal year ending December 2026 (FY12/2026) under Japanese GAAP. Revenue rose 26.8% year-on-year to ¥1,762 million from ¥1,389 million, while operating profit climbed 23.1% to ¥347 million from ¥282 million. Ordinary profit increased 19.0% to ¥331 million and net profit attributable to owners of the parent rose 14.2% to ¥227 million from ¥199 million. Basic EPS came in at ¥27.19 versus ¥24.13 a year earlier (figures reflect the two-for-one stock split that took effect July 1, 2025), and comprehensive income increased 12.5% to ¥215 million.

Security and managed-network demand drives top-line growth

The quarter's double-digit revenue gain was powered by sustained corporate demand for cybersecurity and IT-operations tools. Amiya's core franchise is the ALog log-management and security product line — which helps companies collect, retain and analyse server and access logs for threat detection and compliance — alongside the Network All Cloud managed-network service. As Japanese enterprises continue to harden their defenses against rising cyber-incidents and tighten internal-control requirements, recurring demand for log-management and managed-network offerings has remained firm, lifting revenue by more than a quarter year-on-year.

Operating profit up 23%; margin holds despite reinvestment

Operating profit rose 23.1% to ¥347 million, broadly tracking the revenue line even as the company continues to invest in product development and sales capacity to capture the security opportunity. Ordinary profit grew a more modest 19.0% to ¥331 million, and net profit attributable to owners advanced 14.2% to ¥227 million — the slightly softer growth at the bottom line reflecting the normal gap between operating and after-tax momentum rather than any deterioration in the underlying business. The quarter delivered an operating margin near 20%, underlining the high-margin nature of Amiya's software-and-services mix.

Balance sheet and dividend

At the end of the first quarter, total assets stood at ¥7,197 million and net assets at ¥2,010 million, for an equity ratio of 27.7%. The FY12/2026 dividend forecast remains undecided; for reference, the company paid ¥15.73 per share for FY12/2025. As a TSE Growth-listed company prioritising reinvestment in its expanding security franchise, Amiya has yet to finalise its payout plan for the current year.

Full-year guidance unchanged; ~18% revenue growth targeted

Management left its full-year FY12/2026 guidance in place, targeting revenue of ¥7,002 million (+18.0%), operating profit of ¥1,200 million (+14.1%), ordinary profit of ¥1,188 million (+13.3%), and net profit attributable to owners of ¥850 million (+13.3%), with forecast EPS of ¥101.75. With first-quarter revenue of ¥1,762 million representing about 25% of the annual target and operating profit of ¥347 million tracking just under 30% of the full-year goal, the company has made a solid start to the year and remains comfortably on course to meet its guidance.

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.