Demand for transformation support stays high
BayCurrent, Inc. (TSE: 6532), the Tokyo-based management and IT consulting firm, reported consolidated results for the first half of FY2/2027, the six months from March 1 to August 31, 2026, on October 15, 2026 under IFRS. Revenue rose 35.7% to ¥92,913 million, EBITDA 29.4% to ¥30,726 million and operating profit 28.5% to ¥29,892 million. Profit attributable to owners of the parent rose 28.9% to ¥22,209 million, or ¥148.63 per share against ¥113.44.
The company said demand from clients for help with digital transformation, and increasingly with generative-AI-driven change, remains high. It focused on hiring and training consultants, its core-client strategy and broader services. Gross profit rose 42.8% to ¥54,156 million and the gross margin widened to 58.3% from 55.4%, but selling, general and administrative expenses rose 65.9% to ¥24,327 million, so the EBITDA margin eased to 33.1% from 34.7%. BayCurrent reports a single consulting segment.
Balance sheet, dividend and outlook
Total assets fell 11.8% to ¥138,867 million from the end of February, mainly because cash fell ¥17,825 million to ¥54,483 million, and equity fell 12.6% to ¥102,304 million after dividends and share buybacks, for an equity ratio of 73.7%. The interim dividend is ¥65, against ¥50, and the company plans an annual ¥130.
The full-year forecast is unchanged: revenue of ¥190,000 million (+28.1%), EBITDA of ¥66,500 million (+27.6%), operating profit of ¥64,800 million (+27.2%) and profit attributable to owners of the parent of ¥48,100 million (+27.1%). Under its medium-term plan the company targets revenue of ¥250,000 million and an EBITDA margin of 30-40% in FY2/2029.
| Metric | H1 FY2/2027 | H1 FY2/2026 | Change |
|---|---|---|---|
| Revenue (¥ million) | 92,913 | 68,462 | +35.7% |
| Gross profit (¥ million) | 54,156 | 37,922 | +42.8% |
| SG&A expenses (¥ million) | 24,327 | 14,662 | +65.9% |
| EBITDA (¥ million) | 30,726 | 23,754 | +29.4% |
| Operating profit (¥ million) | 29,892 | 23,270 | +28.5% |
| Pre-tax profit (¥ million) | 29,943 | 23,292 | +28.6% |
| Net profit attrib. to owners of parent (¥ million) | 22,209 | 17,229 | +28.9% |
| EPS (¥) | 148.63 | 113.44 | +31.0% |
| Total assets (¥ million) | 138,867 | 157,485 | −11.8% |
| Shareholders' equity (¥ million) | 102,304 | 117,038 | −12.6% |
| Equity ratio | 73.7% | 74.3% | −0.6 pt |
| FY2/2027 guidance — revenue (¥ million) | 190,000 | — | +28.1% |
| FY2/2027 guidance — EBITDA (¥ million) | 66,500 | — | +27.6% |
| FY2/2027 guidance — operating profit (¥ million) | 64,800 | — | +27.2% |
| FY2/2027 guidance — net profit (¥ million) | 48,100 | — | +27.1% |
| Annual dividend per share (¥) | 130.00 | 100.00 | +30.0% |
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.