Minkabu The Infonoid, Inc. (TSE: 4436) reported consolidated full-year results for FY3/2026 that mark a decisive turnaround. Revenue declined 16.8% to ¥8,780 million as the group pruned low-margin businesses, but operating profit swung to ¥549 million from a ¥1,911 million loss, recurring profit to ¥412 million from a ¥1,993 million loss, and net profit attributable to owners to ¥742 million from a ¥5,525 million loss. EBITDA turned positive at ¥1,436 million versus negative ¥711 million, and basic EPS was ¥48.73 against negative ¥368.79.
Media revenue falls, Solution grows
The Media segment — which operates Livedoor Blog and Livedoor News, sports title SOCCERKING, the MINKABU investing portal, K-culture site Kstyle and affiliate site MINKABU Choice, together drawing roughly 100 million monthly unique users — saw revenue fall 22.8% to ¥4,696 million as the group restructured and cut costs, though segment profit recovered to ¥83 million. The Solution segment, centred on stock-information service Kabutan and B2B financial-information and system-integration services, grew revenue 5.5% to ¥3,841 million and segment profit to ¥477 million.
From heavy losses to positive cash flow
The prior year had been weighed down by impairment charges of roughly ¥933 million and broad losses; FY26 by contrast carried only ¥5 million of impairment. Operating cash flow was ¥1,065 million and period-end cash stood at ¥1,303 million. Total assets were ¥9,996 million and net assets rose to ¥1,444 million, lifting the equity ratio to 14.5% from 3.1%. Reported ROE was an outsized 84.7%, reflecting the small equity base rebuilt from the prior-year loss. In October 2025 the company absorbed its subsidiary Minkabu Solution Services.
No dividend; FY27 guides higher operating profit
No dividend was paid for FY3/2026. For FY3/2027, Minkabu guides revenue of ¥9,000 million (+2.5%), EBITDA of ¥1,700 million (+18.3%), operating profit of ¥720 million (+31.0%) and recurring profit of ¥550 million (+33.2%), while net profit is guided lower at ¥500 million (-32.7%) as FY26's below-the-line benefits do not recur. EPS guidance is ¥32.80.
| Metric | FY3/2026 | FY3/2025 | YoY |
|---|---|---|---|
| Revenue (¥bn) | 8.78 | 10.55 | -16.8% |
| EBITDA (¥bn) | 1.44 | -0.71 | Turnaround |
| Operating profit (¥bn) | 0.55 | -1.91 | Turnaround |
| Recurring profit (¥bn) | 0.41 | -1.99 | Turnaround |
| Net profit attrib. (¥bn) | 0.74 | -5.53 | Turnaround |
| Basic EPS (¥) | 48.73 | -368.79 | Turnaround |
| Equity ratio | 14.5% | 3.1% | +11.4pp |
| Annual dividend (¥) | 0.00 | 0.00 | — |
| FY27 op. profit guidance (¥bn) | 0.72 | — | +31.0% |
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.