Revenue TurnaroundSustained revenue growth of +17.7% and a return to profitability in 2026 indicate improving demand capture and execution. Over a multi-month horizon this underpins scale benefits, supports reinvestment and margin recovery, and provides a firmer base for deleveraging and strategy execution.
Positive Operating And Free Cash FlowOperating cash flow (~¥494m) and free cash flow (~¥97m) turning positive marks a structural improvement in cash generation. Durable positive cash flow reduces near-term refinancing risk, funds working capital and modest capex, and gives management flexibility to address leverage or invest in growth.
ROE Recovery And Positive EquityReturn on equity recovering to ~9.2% with positive equity signals the company is again generating returns on shareholder capital. This recovery supports medium-term confidence in operational fixes, enables potential dividend sustainability, and improves ability to attract financing on acceptable terms.