Blue Innovation Reports First Quarter Revenue Growth Amid Increased Public Infrastructure Projects

Blue innovation Co.,Ltd. [5597.T]

TOKYO, May 14 (Pulse News Wire) – Blue Innovation CO.,LTD. (5597.T) reported revenue growth in its fiscal first quarter ending March 31, 2026, driven by increased public infrastructure projects.

Sales reached ¥420.9 million, up from ¥343 million in the same period last year. However, lower operating profit remained steady at ¥68.9 million compared to ¥68.2 million in the prior-year quarter due to higher hardware sales In the quarter, the company's primary solution, inspection services, saw significant growth, particularly in sewage pipe inspections. This contributed to a rise in overall sales. Despite cost reductions through operational efficiency improvements, research and development expenses and hiring costs led to a stable but unchanged lower operating profit.

As of March 31, 2026, the total number of cumulative trading companies stood at 773, marking a 73-company increase from the previous quarter. However, stock-type sales, which represent ongoing service revenues, decreased slightly to ¥159.4 million, accounting for 37.8% of total sales compared to 40.9% in the same period last year. Regarding financial status, total assets increased to ¥1 billion from ¥1.141 billion at the end of the previous fiscal year. Shareholders’ equity also was ¥799.5 million from ¥800 million, resulting in a slight decrease in the capital adequacy ratio to 79.7%.

For the full fiscal year ending December 2026, Blue Innovation maintains its previously disclosed forecast, expecting continued growth in sales and operations despite the challenges faced in the first quarter.

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