Company WHOM (TSE:2341) FY2026 Analysis: Guidance Points to Accelerating Growth
Company WHOM (TSE:2341), a leading publisher of free job listing magazines in Japan with a dominant market position in Shizuoka Prefecture, delivered a strong full-year performance for the 2026 fiscal year. This growth was driven by a strategic shift toward digital operations and expansion in foreign talent recruitment services. The company reported a 13.4% year-over-year (YoY) increase in revenue to JPY 4.72bn, alongside a significant 133.6% YoY rise in operating profit to JPY 160M.
| Metric | FY2026 (JPY) | FY2025 (JPY) | YoY Change |
|---|---|---|---|
| Revenue | 4.72bn | 4.16bn | +13.4% |
| Operating Profit | 160M | 68M | +133.6% |
| Ordinary Income | 169M | 88M | +92.1% |
| Net Profit | 189M | (467M) | N/A |
| Operating Margin | 3.4% | — | — |
| Equity Ratio | 79.0% | 83.5% | — |
The company operates primarily in the human resources sector, focusing on publishing free job listing magazines and leveraging digital platforms to expand its reach. It maintains a dominant position in Shizuoka Prefecture and has been actively expanding its services to support the recruitment of foreign workers, a growing segment in Japan’s labor market.
The 13.4% YoY revenue growth is notable, as it outpaces industry averages and reflects the company’s successful digital transformation and expansion into foreign talent recruitment. The sharp increase in operating profit—up 133.6% YoY to JPY 160M—suggests effective cost management and improved profitability from its core operations. This is likely supported by efficiency gains in fixed costs and the growing contribution from its foreign talent recruitment services.
Despite the strong performance, the company’s operating margin of 3.4% remains below the industry average of 6.0%, indicating ongoing challenges in improving overall profitability. This margin pressure is a key area to monitor as the company scales its operations.
Next Year Guidance
| Metric | FY2027 Forecast (JPY) | FY2026 Actual (JPY) | YoY Change |
|---|---|---|---|
| Revenue | 5.02bn | 4.72bn | +6.5% |
| Operating Profit | 280M | 160M | +74.9% |
| Ordinary Income | 277M | 169M | +64.1% |
| Net Profit | 139M | 189M | -26.2% |
The company has provided a positive outlook for the next fiscal year, with revenue expected to grow by 6.5% YoY to JPY 5.02bn and operating profit to increase by 74.9% YoY to JPY 280M. However, net profit is forecast to decline by 26.2% YoY to JPY 139M, signaling