Kamakura Shinsho, Ltd. (TSE: 6184) — operator of Japan's leading "end-of-life" (shukatsu) information platforms, including the "Ii Sougi" funeral-comparison service, "Ii Ohaka" grave and cemetery service, and inheritance-related services that connect consumers with funeral homes, cemeteries and professionals — reported first-quarter results on June 11, 2026 for the three months to April 2026 (fiscal year ends January). Revenue rose 12.0% year-on-year to ¥2,202 million, operating profit jumped 30.0% to ¥303 million, ordinary profit gained 35.5% to ¥311 million, and net profit attributable to owners rose 24.8% to ¥195 million, lifting EPS to ¥4.75.
Profit growth outpaces revenue as the platform matures
Adjusted EBITDA (operating profit plus depreciation and other non-cash items) climbed 34.0% to ¥397 million, and operating profit grew far faster than revenue, signalling improving operating leverage across the company's marketplace model. An ageing Japanese population and rising demand for transparent, comparison-based funeral, grave and inheritance services continue to expand the addressable market, including through partnerships with local governments.
Full-year guidance points to accelerating profit
For the full year to January 2027 Kamakura Shinsho guided revenue of ¥10,500 million (+26.0%), adjusted EBITDA of ¥2,075 million (+25.5%), operating profit of ¥1,700 million (+46.3%), ordinary profit of ¥1,690 million (+45.0%) and net profit of ¥1,100 million (+43.8%), equivalent to EPS of ¥26.70. The plan implies a substantial second-half acceleration in earnings.
The balance sheet remained sound with total assets of ¥7,336 million, net assets of ¥5,726 million and an equity ratio of 74.4%. The company plans an annual dividend of ¥20.00 per share.
| Metric | Q1 FY2027 | Q1 FY2026 | YoY |
|---|---|---|---|
| Revenue (¥m) | 2,202 | 1,966 | +12.0% |
| Adjusted EBITDA (¥m) | 397 | 296 | +34.0% |
| Operating profit (¥m) | 303 | 233 | +30.0% |
| Ordinary profit (¥m) | 311 | 230 | +35.5% |
| Net profit (¥m) | 195 | 156 | +24.8% |
| EPS (¥) | 4.75 | 4.22 | +12.6% |
| FY2027 guidance — revenue (¥m) | 10,500 | — | +26.0% |
| FY2027 guidance — net profit (¥m) | 1,100 | — | +43.8% |
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.