COACH A Co., Ltd.
9339・Standard Market・Services
Coaching Business (Single Segment)
A single-business company engaged in organizational development and human resource development through corporate coaching
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (1Q FY2026 cumulative) | ¥798 million | ¥811 million (1Q FY2025 cumulative) | ↓ |
| Operating profit (1Q FY2026 cumulative) | ¥19 million | -¥11 million (1Q FY2025 cumulative) | ↑ |
| Ordinary profit (1Q FY2026 cumulative) | ¥25 million | -¥27 million (1Q FY2025 cumulative) | ↑ |
| Quarterly net income attributable to owners of parent (1Q FY2026 cumulative) | ¥6 million | -¥32 million (1Q FY2025 cumulative) | ↑ |
| Cost of sales (1Q FY2026 cumulative) | ¥459 million | ¥494 million (1Q FY2025 cumulative) | ↓ |
| Selling, general and administrative expenses (1Q FY2026 cumulative) | ¥319 million | ¥329 million (1Q FY2025 cumulative) | ↓ |
| Total assets (end of 1Q FY2026) | ¥4,342 million | ¥4,468 million (end of FY2025) | ↓ |
| Net assets (end of 1Q FY2026) | ¥3,132 million | ¥3,178 million (end of FY2025) | ↓ |
| Equity ratio (end of 1Q FY2026) | 72.1% | 71.1% (end of FY2025) | ↑ |
| Quarterly net income per share (1Q FY2026) | ¥2.72 | -¥13.96 (1Q FY2025) | ↑ |
| Full-year net sales forecast (FY2026 ending December 2026) | ¥3,500 million | ¥3,502 million (FY2025 actual) | — |
| Full-year operating profit forecast (FY2026 ending December 2026) | ¥200 million | ¥212 million (FY2025 actual) | ↓ |
| Full-year net income attributable to owners of parent forecast (FY2026 ending December 2026) | ¥125 million | ¥98 million (FY2025 actual) | ↑ |
Business Details
COACH A Co., Ltd. operates its business along two axes: an organizational development business through Systemic Coaching™ and a coaching human resource development business. Its primary customers are corporations listed on the Prime Market. The company provides services through a six-company structure in Japan and overseas (Japan, China, Thailand, the United States, etc.), and holds a diverse range of programs from one-on-one coaching for executives to AI coaching and team workshops. Domestic operations account for approximately 85% of net sales, with the remainder coming from overseas.
Recent Overview
1Q net sales declined slightly, but profit improved significantly; revenue recognition for large-scale projects expected from the second half onward
Net sales for the first quarter of the fiscal year ending December 2026 (January to March 2026) were ¥798 million (down 1.6% year on year). New services such as ICT, TC, and AI Coaching "CoachAmit" grew year on year, but revenue recognition for the large-scale projects being focused on is expected from the second half of the fiscal year onward. Meanwhile, cost of sales decreased 7.0% year on year due to restraint on new hiring in favor of prioritizing the development of existing coaches, and SG&A expenses also decreased 3.0% year on year due to operational efficiency improvements, resulting in a significant improvement in operating profit to ¥19 million (compared with a loss of ¥11 million in the same period of the previous year). The company has focused on proposal activities for long-term organizational development projects initiated with the executive management of large enterprises as the starting point, and the proposed amount for large-scale projects aimed at securing orders from the second quarter onward continues to accumulate. There is no change to the full-year earnings forecast (net sales of ¥3,500 million, operating profit of ¥200 million). As a subsequent event, at the Board of Directors meeting held on April 20, 2026, it was resolved to issue 20,930 shares of common stock (issue price of ¥1,242 per share, total issue amount of approximately ¥26 million) as restricted stock compensation, with payment scheduled for May 19, 2026.
Key Products
Growth Drivers
- Growing corporate needs for leadership development and organizational transformation (amid a high effective job openings-to-applicants ratio and chronic labor shortages)
- Expansion of the ability to respond to customer needs and shortening of the period from order receipt to revenue recognition through the introduction of new services (TC and ICT) and AI Coaching "CoachAmit"
- Accumulation of a pipeline of large-scale projects through strengthened proposal activities for long-term organizational development projects initiated with the executive management of large enterprises as the starting point
- Improvement of the earnings structure through operational efficiency and optimized staffing (cost of sales down 7.0% year on year, SG&A expenses down 3.0% year on year)
- Strengthening of the sales structure by customer segment through the planned transition to a holding company structure and the establishment of two subsidiaries in July 2026 (new structure business to commence in January 2027)
Risks
- Risk of fluctuation in orders for large-scale projects (revenue recognition for the large-scale projects being focused on in 1Q is expected from the second half onward, resulting in a high concentration of performance in the second half)
- Constraints on service delivery capacity due to a decrease in the number of in-house coaches (110 at the end of the previous fiscal year)
- Risk of deterioration in earnings at overseas subsidiaries due to changes in the Chinese market environment
- Upward pressure on cost of sales due to increased development and maintenance costs for IT systems such as AI coaching (software balance increased from ¥159 million at the end of the previous fiscal year to ¥407 million at the end of 1Q)
- Risk of organizational transition costs and delays in business commencement associated with the transition to a holding company structure and the establishment of new subsidiaries (new structure business to commence in January 2027)
Last updated: April 2, 2026