Thinca Inc. (ticker 149A) released Q1 results for the fiscal year ending December 2026, on a non-consolidated basis under Japanese GAAP. The company operates as a single reportable segment centered on its Kaikura (カイクラ) cloud-based customer communication service.
Net sales reached ¥423 million, up 23.8% from ¥341 million a year earlier. Despite this strong top-line growth, the company posted an operating loss of ¥42 million, reversing from an operating profit of ¥11 million in Q1 of the previous year. Ordinary loss was ¥44 million; quarterly net loss attributable to the company was ¥45 million, versus net profit of ¥7 million a year earlier. Net loss per share was ¥14.14.
Kaikura sites climb to 6,415
The number of active Kaikura user locations reached 6,415 sites at quarter-end, up 10.9% year-on-year from 5,787 sites, reflecting continued customer acquisition momentum in the Japanese SaaS and DX market. Management cited ongoing investment in AI feature development, with new functionality being released on a monthly cadence since the latter half of the previous fiscal year, as a key strategic priority.
Cost expansion outpaces gross profit
The drivers of the quarterly loss were primarily on the cost side. Cost of sales rose to ¥82 million (from ¥61 million) on higher server utilization, Kaikura adapter expenses and installation costs. Selling, general and administrative expenses expanded sharply to ¥383 million (from ¥269 million), driven by increased personnel costs and advertising/promotional spending. Gross profit improved to ¥341 million from ¥281 million, but SG&A expansion outpaced gross profit growth.
Non-operating items included ¥0.9 million of interest income and ¥2.8 million of non-operating expenses, of which ¥2.5 million related to a one-time office relocation cost — a notable special item for the quarter. Income taxes totaled ¥1.3 million.
| Metric | Q1 FY12/26 | Q1 FY12/25 | YoY |
|---|---|---|---|
| Net sales (¥ million) | 423 | 341 | +23.8% |
| Operating profit/(loss) (¥ million) | -42 | 11 | to loss |
| Ordinary profit/(loss) (¥ million) | -44 | 11 | to loss |
| Net profit/(loss) (¥ million) | -45 | 7 | to loss |
| EPS (¥) | -14.14 | 2.25 | to loss |
| Kaikura active sites | 6,415 | 5,787 | +10.9% |
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.