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ibis inc. surges in afternoon trading to hit year-to-date high on 22% operating profit growth in Q1 driven by subscription revenue
ibis inc. <9343> surged in afternoon trading, hitting a new year-to-date high. The company announced around noon today its consolidated financial results for the first quarter ended March 2026. Revenue rose 25.7% year-on-year to 1.46 billion yen, while operating profit climbed 22.1% to 373 million yen as robust performance drew buyers. Subscription revenue grew significantly, fueled by successful new advertising models and contract promotions for its flagship mobile paint app, ibis Paint.
The full-year guidance was maintained. Although the operating profit progress stands at approximately 28% against the full-year target of 1.36 billion yen?exceeding internal expectations?ibis plans to reinvest the surplus into advertising during the second quarter.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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