Obic Business Consultants Co., Ltd. (TSE: 4733), maker of the "Bugyo" series of accounting and business software, reported non-consolidated results for the first quarter of the year ending March 31, 2027 under Japanese GAAP. Revenue rose 13.8% to ¥13,831 million, operating profit climbed 18.1% to ¥6,577 million, ordinary profit rose 20.8% to ¥7,129 million, and quarterly net profit increased 19.7% to ¥4,877 million. Basic earnings per share were ¥64.89, up from ¥54.19.
Cloud shift drives stable growth
OBC attributed the strong quarter to rising, recurring cloud-service revenue, growing migration demand ahead of the planned end of support for its on-premise "Bugyo 11" series, and new-customer wins. Cloud services accounted for roughly 66% of revenue in the period. The company continued to enhance its cloud line-up around business continuity and data protection, and added AI features — including automated attendance-rule handling in "Bugyo Edge Attendance Management Cloud" — as security and DX concerns rose among corporate customers.
Cash-rich balance sheet
Total assets stood at ¥220,801 million and net assets at ¥169,376 million, an equity ratio of 76.7%. The debt-free software house continues to convert its high margins into a large cash and securities cushion.
Full-year guidance maintained
OBC left full-year FY3/2027 guidance unchanged, projecting revenue of ¥57,500 million (+11.9%), operating profit of ¥26,500 million (+12.4%), ordinary profit of ¥28,260 million (+12.1%) and net profit of ¥19,350 million (+6.7%), with EPS of ¥257.39. The company plans an annual dividend of ¥130.00, up from ¥111.00.
| Metric | Q1 FY3/2027 | Q1 FY3/2026 | YoY |
|---|---|---|---|
| Revenue (¥ billion) | 13.83 | 12.15 | +13.8% |
| Operating profit (¥ billion) | 6.58 | 5.57 | +18.1% |
| Ordinary profit (¥ billion) | 7.13 | 5.90 | +20.8% |
| Quarterly net profit (¥ billion) | 4.88 | 4.07 | +19.7% |
| Basic EPS (¥) | 64.89 | 54.19 | +19.7% |
| Full-year net profit guidance (¥ billion) | 19.35 | 18.13 | +6.7% |
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.