Smaregi revises FY2026 earnings forecast, achieves growth milestones

Smaregi, Inc. has revised its consolidated earnings forecast for FY2026, setting net sales at JPY13,859 million, operating profit at JPY2,954 million, ordinary profit at JPY2,954 million, and profit attributable to owners of parent at JPY2,016 million (JPY104.69 per share). This revision follows the completion of the Purchase Price Allocation (PPA) for the acquisition of Netshop Supporters Co., Ltd. The company also announced a year-end dividend forecast of JPY20.00 per share for FY2026, an increase from JPY15.00 in FY2025.

The company achieved its second Medium-Term Management Plan (MTP) ARR target of JPY9.46 billion six months ahead of schedule, with ARR surpassing JPY9.94 billion, representing a 42.1% year-over-year (YoY) increase. Net sales for Q2 FY2026 reached JPY6.264 billion (+21.6% YoY), and operating profit was JPY1.321 billion (+11.7% YoY). Consolidated headcount increased by 6 quarter-over-quarter (QoQ) to 448 employees, a 27.6% YoY rise.

Smaregi's POS-specific KPIs show ARR at JPY6.29 billion (+27.4% YoY), with 45,036 fee-paying stores (+14.5% YoY) and a low monthly recurring revenue (MRR) churn rate of 0.47%. Gross Merchandise Value (GMV) reached a record JPY802.2 billion (+23.4% YoY) for Q2 FY2026. The cashless payment services also saw strong growth, with ARR at JPY2.20 billion (+52.9% YoY) and 16,121 contracted companies (+3.7% QoQ).