Net cash basis: Cash and deposits 15,460M yen with no interest-bearing debt, H1 FY9/2026 consolidated balance sheet (2026-03-31).
Revenue, operating profit, and operating margin by fiscal year
Annual figures as filed (Japanese GAAP, ¥M). FY9/2021 and FY9/2022 are non-consolidated (parent only); consolidated statements begin FY9/2023 after the Growup and Attack acquisitions. FY9/2021 operating profit is rounded to ¥10M. FY9/2024 reflects the finalized purchase-price allocation as restated in the FY9/2025 annual report. FY9/2025 net income carries the goodwill impairment. FY9/2026E is the company's own guidance. Links open the English disclosure when the company provides one; [JA] marks Japanese-only documents.
| FY | Revenue | YoY | Op Profit | YoY | OPM | Net Income | EPS ¥ | DPS ¥ | Disclosure |
|---|---|---|---|---|---|---|---|---|---|
| FY9/2021 | 6,118 | — | 2,110 | — | 34.5% | 1,429 | 35.71 | 7.20 | Results [EN] |
| FY9/2022 | 7,911 | +29.3% | 2,664 | +26.3% | 33.7% | 1,796 | 44.73 | 9.00 | Results [EN] |
| FY9/2023 | 11,172 | +41.2% | 3,711 | +39.3% | 33.2% | 2,621 | 63.83 | 13.00 | Results [EN] |
| FY9/2024 | 13,914 | +24.5% | 4,529 | +22.0% | 32.5% | 3,094 | 73.13 | 16.00 | Results [EN] |
| FY9/2025 | 17,084 | +22.8% | 6,379 | +40.8% | 37.3% | 3,259 | 78.60 | 29.00 | Results [EN] |
| FY9/2026E | 19,500 | +14.1% | 7,500 | +17.6% | 38.5% | 5,200 | 122.67 | 50.00 | Guidance (H1 tanshin) [JA] |
Net income is profit attributable to owners of the parent. The shaded row is the company's own forecast, not a JII estimate.
Standalone quarters — the last 13
Standalone quarters derived from each period's own disclosure (year-to-date differences, ¥M, consolidated). FY9/2024 quarters are as first reported and predate the purchase-price-allocation restatement, so they sum to 4,541M yen of operating profit against the restated annual 4,529M yen. FY9/2025 Q4 net income carries the roughly 1.15bn-yen goodwill impairment. Q4 rows are derived as full year minus nine months.
| Quarter | Revenue | YoY | Op Profit | YoY | OPM | Net Income | Disclosure |
|---|---|---|---|---|---|---|---|
| FY23 Q2 | 2,735 | — | 949 | — | 34.7% | 658 | Results [EN] |
| FY23 Q3 | 2,850 | — | 855 | — | 30.0% | 628 | Results [EN] |
| FY23 Q4 † | 3,124 | — | 1,146 | — | 36.7% | 829 | Results [EN] |
| FY24 Q1 | 3,062 | — | 1,029 | — | 33.6% | 702 | Results [EN] |
| FY24 Q2 | 3,404 | +24.5% | 1,138 | +19.9% | 33.4% | 769 | Results [EN] |
| FY24 Q3 | 3,403 | +19.4% | 939 | +9.8% | 27.6% | 635 | Results [EN] |
| FY24 Q4 † | 4,045 | +29.5% | 1,434 | +25.1% | 35.5% | 987 | Results [EN] |
| FY25 Q1 | 3,893 | +27.1% | 1,121 | +8.9% | 28.8% | 755 | Results [EN] |
| FY25 Q2 | 4,285 | +25.9% | 1,671 | +46.8% | 39.0% | 1,096 | Results [EN] |
| FY25 Q3 | 4,302 | +26.4% | 1,638 | +74.4% | 38.1% | 1,108 | Results [EN] |
| FY25 Q4 † | 4,603 | +13.8% | 1,949 | +35.9% | 42.3% | 299 | Results [EN] |
| FY26 Q1 | 4,439 | +14.0% | 1,676 | +49.5% | 37.8% | 1,145 | Results [EN] |
| FY26 Q2 | 4,903 | +14.4% | 2,016 | +20.6% | 41.1% | 1,373 | Results [EN] |
† Fourth quarters are derived as the full year minus the nine-month cumulative. YoY compares the same quarter a year earlier.
Where the profit comes from
Segment figures from the segment notes of the annual securities reports (Japanese GAAP, ¥M). Segment profits exceed group operating profit because unallocated corporate costs sit in an adjustment line (FY9/2025: -1,262M yen). The current two-segment structure dates from FY9/2023; earlier years are not comparable and are omitted. FY9/2023 figures are rounded to ¥10M. Per-quarter segment series will be added from future disclosures; quarterly segment XBRL is sparse after Japan's 2024 disclosure reform.
| Marketing Solutions | HR Solutions | |||||
|---|---|---|---|---|---|---|
| FY | Rev | OP | OPM | Rev | OP | OPM |
| FY9/2023 | 3,510 | 1,460 | 41.6% | 7,670 | 3,190 | 41.6% |
| FY9/2024 | 3,784 | 1,622 | 42.9% | 10,131 | 4,072 | 40.2% |
| FY9/2025 | 3,840 | 1,710 | 44.5% | 13,245 | 5,931 | 44.8% |
n.m. = not meaningful (operating loss several times segment revenue).
Cap table and the latest capital-allocation signals
Major shareholders · as of 2025-09-30
| Holder | Shares | Ratio | |
|---|---|---|---|
| 1 | Katsuya Mimuro (founder & CEO)三室克哉 | 6,549,000 | 15.45% |
| 2 | Kenji Suzumura (co-founder & vice president)鈴村賢治 | 4,458,000 | 10.52% |
| 3 | Master Trust Bank of Japan (trust account)日本マスタートラスト信託銀行株式会社（信託口） | 3,720,000 | 8.78% |
| 4 | Custody Bank of Japan (trust account)株式会社日本カストディ銀行（信託口） | 2,424,000 | 5.72% |
| 5 | Alpha Style LLC (CEO Mimuro's asset-management company)合同会社アルファスタイル | 2,370,000 | 5.59% |
| 6 | Plus Energy LLC (Vice President Suzumura's asset-management company)プラスエナジー合同会社 | 2,250,000 | 5.31% |
| 7 | State Street Bank and Trust 505025 (custodian)STATE STREET BANK AND TRUST COMPANY 505025 | 1,647,000 | 3.88% |
| 8 | Mynavi Corporation (OEM partner)株式会社マイナビ | 1,275,000 | 3.01% |
| 9 | State Street Bank and Trust 505301 (custodian)STATE STREET BANK AND TRUST COMPANY 505301 | 807,000 | 1.90% |
| 10 | Keiichiro Kinoshita木下圭一郎 | 801,000 | 1.89% |
Ratios as filed: percent of shares outstanding excluding treasury shares at 2025-09-30. Share counts are disclosed in thousands and shown here multiplied out; the 472,250 treasury shares then held were cancelled 2025-11-28. Source: FY9/2025 annual securities report (filed 2025-12-25) [JA]
Four filer groups sit above the 5% large-shareholding line: the two founder blocs (CEO Mimuro and Vice President Suzumura, each with an asset-management vehicle, about 33% combined), activist Oasis Management, and a Nomura brokerage/asset-management group. Oasis's filing is explicitly activist and flags intent to buy more than 5 additional points within twelve months of May 2026.
5%-Rule Filings · current positions
Director holding as a long-term stable shareholder, together with his asset-management company. Filing [JA]
Director holding as a long-term stable shareholder, together with his asset-management company. Filing [JA]
Activist engagement: board effectiveness, governance, enterprise value, and higher shareholder returns; states intent to raise the stake by more than 5 points within twelve months of May 1, 2026, and to keep engaging on strategy, M&A review, AI and data use, and the merits of remaining listed. Filing [JA]
Brokerage inventory and trust-asset management. Filing [JA]
Stake moves over 1% · filing timeline
Oasis Management — Change report at 10.62% (4,501,507 shares) restating the activist purpose and the stated intent to add more than 5 points within twelve months. Filing [JA]
Nomura Securities group — New 5%-rule filing at 5.39% across brokerage and asset-management entities. Filing [JA]
Oasis Management — First filing at 8.02%, raised to 10.52% within four days (April 23-27) — the entry was built around the 2,200-yen level.
Katsuya Mimuro (founder & CEO) — Bloc amended to 17.65% with Alpha Style after the treasury cancellation lifted as-filed ratios. Filing [JA]
Kenji Suzumura (co-founder) — Bloc amended to 15.78% with Plus Energy. Filing [JA]
Nomura Capital Partners — Filed 23.76% at the June 2021 listing as the pre-IPO investor; the position was unwound in the years after. Filing [JA]
The disclosures worth your time
The documents a first-time reader of this company actually needs, in reading order. Direct PDFs where the link is durable; everything else lives on the company's own library pages below. English documents are linked whenever the company provides them; [JA] marks items where no English version exists.
Plus Alpha Consulting Co., Ltd. — official English IR site · translated financial results and briefing materials ↗Key documents
2026-05-13 Start here H1 FY9/2026 earnings briefing deck (English) — Talent Palette KPIs, enterprise-mix shift, OEM partner channel, capital policy [EN] 2026-05-13 Results H1 FY9/2026 results summary (English translation of the tanshin) — operating profit +32.2% on revenue +14.2%; 49.2% of the full-year operating-profit guide booked by the half [EN] 2026-05-25 In English H1 FY9/2026 results-briefing transcript (English) — the full Q&A with management from the May briefing [EN] 2026-05-13 Capital policy Dividend policy change (English notice) — payout-ratio target raised to 30%, new dividend-on-equity indicator introduced, FY9/2026 DPS forecast lifted from 38 to 50 yen [EN] 2025-11-14 Strategy Q4 FY9/2025 briefing deck (English) — carries the current medium-term growth image and the Mynavi / Rakus partner-OEM strategy [EN] 2025-11-12 One-offs Impairment and guidance revision — about 1.15bn yen of goodwill on the Growup and Attack subsidiaries written off alongside an operating beat [JA] 2025-11-12 Capital policy Treasury-share cancellation — 472,250 shares, 1.10% of shares outstanding, effected 2025-11-28 [JA] 2026-05-13 In plain terms Company-authored Q&A on anticipated H1 FY9/2026 questions (English) — management's own framing of the quarter's debates [EN] 2025-12-25 Annual report FY9/2025 annual securities report (YUHO) — full financials, segment notes, cap table [JA]Published Compounder Profiles on Plus Alpha Consulting Co., Ltd.
Long-form JII analysis. New write-ups are added here as results come in; the overview above always carries the latest numbers.
2026-05-19 JII Compounder Profile — Initiation ↗A Japanese-NLP SaaS franchise (Talent Palette plus Mieruka Engine) where the enterprise-mix shift drove FY9/2025 operating profit up 41% on 23% revenue growth at a 46% return on capital. Central debates: the durability of the margin slope, whether the Mynavi and Rakus OEM channels become a second engine, and how far the Oasis-led capital-return push moves a policy that now stands at a 30% payout target.
This is not investment advice. Japan Investor Interface Co., Ltd. ("JII") is an investor-relations consultancy, not a registered investment advisor, broker-dealer, or securities firm in any jurisdiction, and is not registered as a Financial Instruments Business Operator under Japan's Financial Instruments and Exchange Act. This page is an editorial compilation of publicly disclosed information for educational and research purposes. Nothing here constitutes a recommendation or solicitation to buy, sell, or hold any security. Figures may be incomplete, out of date, or incorrect; company forecasts are the company's own and are inherently uncertain. JII does not trade in or hold positions in the securities of companies profiled. Before making any investment decision, consult qualified, licensed advisors and rely on primary disclosures issued by the company.
本資料は、日本の金融商品取引法に基づく投資助言・代理業ではなく、特定の有価証券の売買その他の取引の勧誘・推奨を目的とするものではありません。投資の判断はご自身の責任と独立した調査に基づいて行ってください。