North Sand Co., Ltd. (TSE: 446A) — an IT and project-management-office (PMO) consultancy that advises large enterprises on digital transformation and complex project delivery under the "NORTH SAND" brand — reported first-quarter results on June 11, 2026 for the three months to April 2026 (its fiscal year ends January). Revenue was ¥8,856 million, operating profit ¥1,809 million (a 20.4% operating margin), ordinary profit ¥1,815 million and net profit ¥1,337 million, equivalent to EPS of ¥19.39.
No prior-year comparison as a newly-listed company
Because North Sand did not prepare quarterly financial statements a year earlier, it discloses no year-on-year growth rates for the quarter. The company recently listed on the Tokyo Stock Exchange's Growth market and carried out a 60-for-1 stock split in September 2025; per-share figures reflect the split. The balance sheet is notably strong, with total assets of ¥22,251 million, net assets of ¥17,793 million and an equity ratio of 80.0%.
Full-year guidance implies 47% revenue growth
For the full year to January 2027 North Sand guided revenue of ¥38,493 million (+47.0%), operating profit of ¥8,630 million (+55.6%), ordinary profit of ¥8,647 million (+57.8%) and net profit of ¥6,405 million (+58.3%), equivalent to EPS of ¥92.83. The first-quarter result represents roughly 23% of the full-year revenue target. The company forecasts a year-end dividend of ¥33.00 per share.
Demand for consulting that helps Japanese corporates execute digital-transformation and large-scale IT programmes remains robust amid persistent shortages of skilled project managers, underpinning the company's high-growth guidance.
| Metric | Q1 FY2027 | FY2027 guidance |
|---|---|---|
| Revenue (¥m) | 8,856 | 38,493 (+47.0%) |
| Operating profit (¥m) | 1,809 | 8,630 (+55.6%) |
| Ordinary profit (¥m) | 1,815 | 8,647 (+57.8%) |
| Net profit (¥m) | 1,337 | 6,405 (+58.3%) |
| EPS (¥) | 19.39 | 92.83 |
| Operating margin | 20.4% | 22.4% |
| Equity ratio | 80.0% | — |
| Year-end dividend (¥) | — | 33.00 |
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.