Acquisitions lift commerce, marketing profit dips
YRGLM Inc. (TSE: 3690) reported consolidated results for FY9/2026, October 1, 2025 to September 30, 2026, on November 5, 2026, after renaming its two segments Marketing AI and Commerce AI. Commerce AI revenue rose 42.1% to ¥2,867 million and segment profit to ¥134 million from ¥6 million, driven by the consolidation from January of Silver Egg Technology, an AI recommendation specialist bought through a tender offer and fully owned since April; the unit relaunched its EC-CUBE platform in March and released an alpha of EC-CUBE 4.4 with an AI assistant in September. Marketing AI revenue rose 3.9% to ¥3,037 million, while segment profit fell 19.8% to ¥218 million as promotion costs for its campaign-management platform and audit fees rose.
The company acquired all of advertising-operations consultancy Atara on July 1, 2026 and merged it into the parent on October 1, and wound down its incubation businesses, including the sale of Spoo, which left the group at the end of July. First-year acquisition costs were absorbed by better profitability in existing businesses. Net profit turned positive as last year's impairment losses fell away, the Spoo sale produced an extraordinary gain and taxes fell. Total assets rose 48.8% to ¥4,768 million, and the equity ratio fell to 42.4% from 51.8%.
Guidance and next dividend undecided
YRGLM said it cannot yet produce a reasonable forecast for FY9/2027, because the group is still being reorganised and it is shifting from selling single SaaS products to a build-operate-transfer model that accumulates recurring revenue after hand-over to clients, so its business mix and cost structure are expected to change significantly. The FY9/2026 year-end dividend is ¥8.00, including a ¥1 commemorative payment for its listing on the TSE Standard Market, against ¥7.90; the FY9/2027 dividend is undecided. Operating cash flow was ¥586 million.
| Metric | FY9/2026 | FY9/2025 | Change |
|---|---|---|---|
| Net sales (¥ million) | 5,899 | 4,934 | +19.6% |
| Operating profit (¥ million) | 352 | 278 | +26.5% |
| Ordinary profit (¥ million) | 342 | 279 | +22.6% |
| Net profit attrib. to owners of parent (¥ million) | 287 | -142 | loss to profit |
| Comprehensive income (¥ million) | 310 | -172 | loss to profit |
| EPS (¥) | 45.86 | -22.98 | loss to profit |
| Marketing AI — revenue (¥ million) | 3,037 | 2,923 | +3.9% |
| Marketing AI — segment profit (¥ million) | 218 | 272 | -19.8% |
| Commerce AI — revenue (¥ million) | 2,867 | 2,017 | +42.1% |
| Commerce AI — segment profit (¥ million) | 134 | 6 | +2,061.7% |
| Total assets (¥ million) | 4,768 | 3,205 | +48.8% |
| Net assets (¥ million) | 2,072 | 1,684 | +23.0% |
| Equity ratio | 42.4% | 51.8% | -9.4 pt |
| Annual dividend per share (¥) | 8.00 | 7.90 | +1.3% |
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.