Explanatory Materials on the Third-Quarter Financial Results for the Fiscal Year Ended February 2026 | VRAIN Solution,Inc. (135A) timely disclosure

Worth reading

71In focus

Scored from 5 of 6 sections

Direction

Mixed performance

Direction inferred from the company’s description.

Scale

35.7

Year-on-year revenue growth (%)

Wording

Conditional

How definitive the wording is.

Contents of this document

Financial results presentation2026年2月期第3四半期19 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥1,628 million+35.7%

Operating profit¥74 million-59.9%

Ordinary income¥73 million-60.4%

Net income¥49 million-59.9%

Selling, general and administrative expenses¥1,202 million

Gross Profit Margin

Rate78.4%

Year-on-year change (points)+1.3 percentage points

Operating profit margin

Rate4.6%

Year-on-year change (points)-10.9ポイント

Results for the three months of the current quarter

Net Sales581百万円、売上総利益435百万円、営業利益▲21百万円、経常利益▲22百万円、四半期純利益▲11百万円

Full-year earnings forecast

Net Sales3,215百万円

Operating profit890～940百万円

Ordinary income890～940百万円

Net income590～630百万円

Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。

Net Sales50.7%

Operating profit7.9～8.4%

Ordinary income7.8～8.3%

Net income7.9～8.4%

売上高カバー率89.9%

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

通期予想は据え置き。通期予想売上高は達成可能と判断。営業利益は先行投資として想定どおりに推移。

Key points of the Q&AKey questions raised by investors at the briefing and the company's answers

Not applicable

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Revenue increase+428百万円

Increase in cost of salesNegative ¥76 million

Higher personnel expenses▲203百万円

Increase in recruiting expenses▲32百万円

Increase in R&D expenses▲¥31 million

Increase in other selling, general and administrative expenses▲196百万円

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

第3四半期累計売上高1,628百万円、受注残1,262百万円、第4四半期受注額・受注見込210～450百万円。納品遅延時には売上計上が翌期にずれる可能性。

New initiatives

AI X線検査機『PX-1000N』のリリース決定
検査装置の内製化
カスタマーサポート専門部署の創設
札幌営業所の開設
福岡・広島営業所の開設計画
国内展示会への出展・バンコクでのテストマーケティング

Key KPIsA metric the company considers important as a management benchmark.

Cumulative number of customer companies311 companies
Year on year against the same period last year前期末より+78社
Revenue from recurring customers¥688 million
Year on year against the same period last yearNot disclosed
Revenue from recurring customers as a percentage of total revenue42.3 %
Year on year against the same period last yearNot disclosed
Order backlog¥1,262 million
Year on year against the same period last year前期末より+223.9%
Average selling price of AI systems¥19 million
Year on year against the same period last year前期末より-9.8%

Unit price and quantity metricsThese figures show sales broken down by price and volume.

AIシステム販売単価19百万円。累計取引社数311社も示されているが、販売数量との直接の分解はNot disclosed。

Segment results

AI systems

Net Sales¥1,496 million

Year on year against the same period last yearNot disclosed

DX Consulting

Net Sales¥132 million

Year on year against the same period last yearNot disclosed

Medium-term management plan targets

売上高CAGR+50%、営業利益率30～40%。FY27売上高4,300～5,300百万円、FY28売上高6,500～8,000百万円。FY26通期予想売上高3,215百万円、営業利益率27.7～29.2%。

Financial targets

Not disclosed

Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.

Not disclosed

Market Size / Share

製造業11万社、累計取引社数シェア約0.2%。製造業GDP119兆円。

Orders received and order backlog

受注残1,262百万円。受注高はNot disclosed。

Number of stores and locations

国内5拠点目の札幌営業所を2025年12月1日に営業開始。仙台営業所を2025年9月24日に開設。福岡・広島営業所を今後開設予定。退店はNot disclosed。

Number of employees

118名（前年同四半期末比+34名）。通期計画150名。営業人員+6名、サポート人員+27名。

Capital expenditures

Not disclosed

Annual Dividend

Not disclosed

Payout ratio

Not disclosed

Acquisition of treasury shares

Not disclosed

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	2026年2月期第3四半期
Net Sales	¥1,628 million (YoY +35.7%)
Operating profit	¥74 million (YoY -59.9%)
Ordinary income	¥73 million (YoY -60.4%)
Net income	¥49 million (YoY -59.9%)
Gross Profit Margin	Rate 78.4% / Year-on-year change (points) +1.3 percentage points
Operating profit margin	Rate 4.6% / Year-on-year change (points) -10.9ポイント
Selling, general and administrative expenses	¥1,202 million
Results for the three months of the current quarter	Net Sales 581百万円、売上総利益435百万円、営業利益▲21百万円、経常利益▲22百万円、四半期純利益▲11百万円
Full-year earnings forecast	Net Sales 3,215百万円 / Operating profit 890～940百万円 / Ordinary income 890～940百万円 / Net income 590～630百万円
Progress against full-year forecast	Net Sales 50.7% / Operating profit 7.9～8.4% / Ordinary income 7.8～8.3% / Net income 7.9～8.4% / 売上高カバー率 89.9%
Self-assessment against the plan	通期予想は据え置き。通期予想売上高は達成可能と判断。営業利益は先行投資として想定どおりに推移。
Segment results	AI systems Net Sales ¥1,496 million / Year on year against the same period last year Not disclosed / DX Consulting Net Sales ¥132 million / Year on year against the same period last year Not disclosed
Breakdown of Factors Affecting the Change	Revenue increase +428百万円 / Increase in cost of sales Negative ¥76 million / Higher personnel expenses ▲203百万円 / Increase in recruiting expenses ▲32百万円 / Increase in R&D expenses ▲¥31 million / Increase in other selling, general and administrative expenses ▲196百万円
Key KPIs	Indicator name Cumulative number of customer companies / Value 311 companies / Year on year against the same period last year 前期末より+78社, Indicator name Revenue from recurring customers / Value ¥688 million / Year on year against the same period last year Not disclosed, Indicator name Revenue from recurring customers as a percentage of total revenue / Value 42.3 % / Year on year against the same period last year Not disclosed, Indicator name Order backlog / Value ¥1,262 million / Year on year against the same period last year 前期末より+223.9%, Indicator name Average selling price of AI systems / Value ¥19 million / Year on year against the same period last year 前期末より-9.8%
Unit price and quantity metrics	AIシステム販売単価19百万円。累計取引社数311社も示されているが、販売数量との直接の分解はNot disclosed。
Number of stores and locations	国内5拠点目の札幌営業所を2025年12月1日に営業開始。仙台営業所を2025年9月24日に開設。福岡・広島営業所を今後開設予定。退店はNot disclosed。
Number of employees	118名（前年同四半期末比+34名）。通期計画150名。営業人員+6名、サポート人員+27名。
Assumptions Underlying the Business Outlook	第3四半期累計売上高1,628百万円、受注残1,262百万円、第4四半期受注額・受注見込210～450百万円。納品遅延時には売上計上が翌期にずれる可能性。
Risk amount incorporated into the outlook	Not disclosed
Medium-term management plan targets	売上高CAGR+50%、営業利益率30～40%。FY27売上高4,300～5,300百万円、FY28売上高6,500～8,000百万円。FY26通期予想売上高3,215百万円、営業利益率27.7～29.2%。
Financial targets	Not disclosed
Annual Dividend	Not disclosed
Payout ratio	Not disclosed
Acquisition of treasury shares	Not disclosed
Capital expenditures	Not disclosed
Orders received and order backlog	受注残1,262百万円。受注高はNot disclosed。
Market Size / Share	製造業11万社、累計取引社数シェア約0.2%。製造業GDP119兆円。
Key points of the Q&A	Not applicable
New initiatives	AI X線検査機『PX-1000N』のリリース決定, 検査装置の内製化, カスタマーサポート専門部署の創設, 札幌営業所の開設, 福岡・広島営業所の開設計画, 国内展示会への出展・バンコクでのテストマーケティング

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

売上高は増収となった一方、将来の成長に向けた人員増・採用強化・拠点拡大、本社移転費用などにより販管費が増加したため、営業利益と純利益が減少した。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.

Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.

Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.