BayCurrent First-Quarter Revenue Jumps 30% to ¥44.6 Billion on AI and DX Consulting Demand

BayCurrent, Inc. (TSE: 6532) reported consolidated results for the first quarter of the fiscal year ending February 2027 (March–May 2026) under IFRS. Revenue rose 29.9% to ¥44,576 million, EBITDA increased 19.5% to ¥14,888 million, operating profit rose 18.6% to ¥14,481 million and profit for the quarter climbed 19.0% to ¥10,733 million. Basic earnings per share were ¥70.99, up from ¥59.32 a year earlier.

AI and DX demand keeps growth running above 20%

One of Japan's largest home-grown consulting firms, BayCurrent said corporate demand for transformation support remained elevated, driven not only by digital transformation (DX) but increasingly by projects that put generative AI to work. The company operates as a single consulting segment and continued to invest in recruiting and training, its "core client" strategy, and services that address clients' management challenges from multiple angles.

Gross margin widens as pricing holds

Gross profit rose 35.5% to ¥26,047 million and the gross margin improved to 58.4% from 56.0% a year earlier, as revenue outpaced a 22.8% rise in cost of sales. Selling, general and administrative expenses grew 65.0% to ¥11,580 million as the firm scaled its consultant base, which held EBITDA growth to 19.5% — below the 29.9% top-line gain but still comfortably ahead of the company's roughly 20% annual target.

Full-year guidance and medium-term plan intact

For the full year to February 2027, BayCurrent left its forecast unchanged: revenue of ¥190,000 million (+28.1%), EBITDA of ¥66,500 million (+27.6%), operating profit of ¥64,800 million (+27.2%) and net profit of ¥48,100 million (+27.1%), with EPS of ¥323.79. Under its medium-term plan the firm targets revenue of ¥250 billion and an EBITDA margin of 30–40% by the fiscal year ending February 2029, sustaining roughly 20% annual revenue growth.

Balance sheet and dividend

Total assets stood at ¥143,979 million and equity attributable to owners of the parent at ¥109,941 million, for an equity ratio of 76.4%. Management guides a full-year dividend of ¥130.00 per share (¥65.00 interim + ¥65.00 year-end), up from ¥100.00 the previous year.

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.