MicroAd, Inc. (TSE: 9553), a data- and AI-driven digital advertising and marketing-platform company, reported consolidated results for the first half of the fiscal year ending September 2026 (H1 FY9/2026, covering October 1, 2025 to March 31, 2026) under Japanese GAAP. The interim figures show a sharp acceleration in profitability: net sales rose 17.7% year-on-year to ¥9,633 million, operating profit climbed 79.8% to ¥777 million, ordinary profit advanced 84.0% to ¥732 million, and interim net profit attributable to owners of the parent jumped to ¥592 million from just ¥27 million in the same period a year earlier — a more than twentyfold increase. All figures below are first-half (six-month) results, not full-year.
Margins widen as the platform business scales
The standout feature of the half was the operating-margin expansion: operating profit grew far faster than sales, lifting the operating margin to roughly 8.1% from about 5.3% a year earlier. With revenue rising 17.7% but operating profit up 79.8%, the results point to strong operating leverage as MicroAd's data and advertising-platform businesses scale on a relatively fixed cost base. Basic interim earnings per share came in at ¥21.58, up from ¥1.01 a year earlier, with diluted EPS of ¥21.02. Comprehensive income more than tripled, rising 219.2% to ¥604 million.
Balance sheet strengthens
Total assets expanded to ¥10,700 million at the half-year balance date, up from ¥9,149 million at the previous fiscal year-end, while net assets rose to ¥3,997 million from ¥3,897 million. The equity ratio eased to 36.8% from 38.2% as the balance sheet grew, with shareholders' equity of ¥3,933 million. MicroAd does not pay a dividend: the company declared ¥0.00 per share for the interim period and guides to ¥0.00 for the full year, unchanged from the prior year and consistent with a reinvestment-focused growth profile.
Full-year guidance raised
Alongside the interim results, management revised its full-year FY9/2026 guidance upward. For the twelve months to September 2026, MicroAd now projects net sales of ¥17,788 million (+13.5%), operating profit of ¥1,024 million (+67.1%), ordinary profit of ¥952 million (+79.3%), and net profit attributable to owners of ¥678 million (+247.6%), implying full-year EPS of ¥24.72. The first-half operating profit of ¥777 million already represents about 76% of the full-year operating-profit target, underscoring the front-loaded strength of the period. The company noted that its interim financial statements are not subject to audit or review by a certified public accountant or audit firm.
| Metric | H1 FY9/2026 | H1 FY9/2025 | YoY |
|---|---|---|---|
| Net sales (¥ million) | 9,633 | 8,185 | +17.7% |
| Operating profit (¥ million) | 777 | 432 | +79.8% |
| Ordinary profit (¥ million) | 732 | 397 | +84.0% |
| Interim net profit attrib. to owners (¥ million) | 592 | 27 | +91.5% |
| Basic EPS (¥) | 21.58 | 1.01 | — |
| Comprehensive income (¥ million) | 604 | 189 | +219.2% |
| Total assets (¥ million) | 10,700 | 9,149 | +17.0% |
| Equity ratio | 36.8% | 38.2% | -1.4pp |
| Interim dividend (¥) | 0.00 | 0.00 | — |
| FY9/2026 net sales guidance (¥ million) | 17,788 | 15,672 | +13.5% |
| FY9/2026 operating profit guidance (¥ million) | 1,024 | 612 | +67.1% |
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.