LiB Consulting Co.,Ltd.

Business Details

Guided by the mission of increasing the number of companies that make the world better 100 years from now, the company provides management strategy consulting to a broad customer base ranging from venture companies to major corporations. Its strength lies in hands-on support that goes beyond strategy formulation to embed itself in client operations, and it operates through a six-company domestic group structure centered on DX implementation support, generative AI utilization support, and growth support. Following its listing on the TSE Growth Market in December 2025, its financial foundation and creditworthiness have improved.

Recent Overview

Q1 of FY2026 (ending December 2026) got off to a steady start with revenue of ¥1,805 million and operating profit of ¥295 million

In the first quarter of FY2026 (ending December 2026) (January to March 2026), the company recorded revenue of ¥1,805 million, EBITDA of ¥324 million, operating profit of ¥295 million, and quarterly net income attributable to owners of the parent of ¥201 million. The operating profit margin was 16.4%, exceeding the full-year level for FY2025 (ended December 2025) of 13.7%. Against the full-year earnings forecast (revenue of ¥7,086 million, operating profit of ¥1,111 million), the Q1 progress rate was 25.5% for revenue and 26.5% for operating profit. Third-party allotment of new shares (247,500 shares) associated with the over-allotment at the time of listing was completed on January 27, 2026, increasing both capital stock and capital surplus by approximately ¥114 million each. The equity ratio improved from 76.0% at the end of the previous fiscal year to 82.9%. There is no change to the full-year earnings forecast, which anticipates growth of +16.0% in revenue and +32.4% in operating profit compared to the previous fiscal year.

Key Products

Growth Drivers

• Structural expansion of consulting demand driven by DX, business process reform, and responses to labor shortages
• Capture of new demand areas in generative AI implementation and utilization support (business alliance with Preferred Networks)
• Steady acquisition of new projects in growth support, DX implementation support, and other areas, building on a foundation of ongoing projects with existing clients
• Strengthening of the framework for utilizing external specialist personnel through the group entry of Flow Group Co., Ltd. (June 2025)
• Improved financial foundation, creditworthiness, and expanded capacity for growth investment following listing on the TSE Growth Market (December 2025)
• Detailed responsiveness to each growth stage from venture companies to major corporations through strengthened organizational structure by client size
• Continued improvement in revenue per consultant (¥23.4 million in FY2024 → ¥26.2 million in FY2025)

Risks

• Risk that recruitment, development, and retention of skilled consultants constrains business growth (human capital-dependent business)
• Risk that advances in generative AI substitute for part of consulting operations
• Risk related to goodwill recorded through M&A (balance of ¥445 million as of end of March 2026) and risk of failing to achieve post-acquisition value-up targets
• Risk of reduced corporate consulting investment due to macroeconomic deterioration, including rising prices, higher interest rates, and expanding geopolitical risk
• Risk of insufficient diversification in the business portfolio due to concentration in a single segment
• Heightened uncertainty regarding the outlook due to rapidly escalating geopolitical risk from tensions in the Middle East and persistently high resource and energy prices