Bengo4.com, Inc.

Bengoshi.com reported first-quarter results for fiscal year ending March 2027, with sales of 4.8 billion yen (up 27.2% year-on-year) and operating profit of 600 million yen (up 36.9%), achieving both higher sales and profits. The stock price nearly doubled in one month. The growth rate re-accelerated from 15.7% in the previous full year to 27.2%, and the operating margin improved by 1.0 percentage point year-on-year to 14.4%. The company maintained its full-year forecast of 20.5 billion yen in sales, 3 billion yen in operating profit, and 2 billion yen in net profit, which represents a 25.9% increase in sales and a 36.1% increase in operating profit compared to the previous year. The stock price rose from 2,650 yen on August 12 to 5,290 yen on September 9, reaching a P/E ratio of 60.46 and a P/B ratio of 16.46. The first-quarter progress toward the full-year forecast was 23.6% for sales and 23.3% for operating profit, which does not reach a straight-line pace but is roughly in line with the same period last year and considered within seasonal norms.

Shares of Lawyer.com, the company behind the e-contract service CloudSign, rose nearly 70% in about a week after its earnings announcement on August 12. The company reported first-quarter revenue for the fiscal year ending March 2027 of 4.84 billion yen, up 27.3% year on year, and operating profit of 698 million yen, up 36.8%, while company-wide annual recurring revenue expanded to 16.32 billion yen. The market's focus is on LegalBrain, a legal-work-specific AI agent released in May 2025. CEO Taichiro Motoe revealed that while CloudSign took four years and four months to reach 1 billion yen in annual recurring revenue, LegalBrain is growing at a pace far exceeding that. The company sees LegalBrain as a pioneering domestic AI-native product that redesigns legal work around AI from the ground up, and believes it reached product-market fit with an upgrade on June 29, 2026. Users have said it allows them to delay hiring associate lawyers, and the company is seen as having even greater room to grow by capturing the market for personnel cost budgets.