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Financial Results Presentation147ASORACOM,INC.Information and Communications, Services and Others

Full-Year Earnings Presentation for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, recurring revenue and revenue grew substantially, while operating profit reached a record high. For the fiscal year ending March 2027, the company forecasts revenue of ¥15,124 million and operating profit of ¥1,122 million based solely on organic growth, excluding the effects of M&A and other factors.

Worth reading
72In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
38.1
Year-on-year change in revenue (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFiscal year ending March 2026, full year8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales12,423 Millions of yen+38.1%
Operating profit871 Millions of yen+32.7%
Ordinary income857 Millions of yen+38.4%
Net income631 Millions of yen+79.3%
Gross Profit Margin49.4%
Operating profit margin7.0%
Selling, general and administrative expenses5,271 Millions of yen
Full-year earnings forecast
Fiscal year ending March 2027
Recurring revenue
11,421 Millions of yen
Net Sales
15,124 Millions of yen
Gross profit
7,614 Millions of yen
Selling, general and administrative expenses
6,492 Millions of yen
EBITDA
1,650 Millions of yen
Operating profit
1,122 Millions of yen
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。
Recurring revenue102.2%
Net Sales101.8%
Gross profit99.4%
Selling, general and administrative expenses98.5%
EBITDA101.5%
Operating profit105.0%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Recurring revenue and revenue both exceeded the earnings forecasts revised upward in February 2026. The company came in slightly below its gross profit target, but operating profit exceeded the earnings forecast.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate¥150 per US dollar
Growth assumptionsOrganic growth only. The impact of inorganic growth is not included.
New initiatives
  • Adoption of the generative AI bot “Wisora”
  • Development of Misora Connect Central
  • Launch of the AI vehicle management portal “Cariot Copilot”
  • Improving the efficiency of internal inquiries using generative AI
  • Considering M&A, including the acquisition of overseas IoT MVNOs
  • Gradual expansion into emerging regions, including Latin America and Asia
Key KPIsA metric the company considers important as a management benchmark.
  • Recurring revenue9,296 Millions of yen
    Year on year against the same period last year+41.7%
  • ARR110 Hundreds of millions of yen
  • Global recurring revenue ratio48 %
    Year on year against the same period last yearStated as up 4 percentage points from 117% in FY2025
  • Annual churn rate among major customers0.4 %
  • NRR (net revenue retention)121 %
  • Profitable Growth51.6 %
  • Global revenue ratio40.1 %
  • US revenue1,952 Millions of yen
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Group-wide recurring revenue per billed account (ARPA)¥1,060 thousand
    Year on year against the same period last year+11.9%
  • Number of billed accounts across the group10,400 Accounts
    Year on year against the same period last year+9.7%
  • Global recurring revenue per billed account (ARPA)¥2,118 thousand
    Year on year against the same period last year+10.9%
  • Number of global billed accounts2,600 Accounts
    Year on year against the same period last year+14.8%
Segment results
Misora Connect
Net Sales
1,564 Millions of yen
Gross profit
398 Millions of yen
EBITDA
91 Millions of yen
Operating profit
33 Millions of yen
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2031
Net Sales
500 Hundreds of millions of yen
Revenue CAGRAt least 30%
Recurring revenue ratio70～80%
Inorganic growth ratio20～30%
Organic EBITDA margin20% or higher
Number of employees
Number of Employees176 people
Hiring planRecruit selectively for essential positions
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales12,423 Millions of yen (YoY +38.1%)
Operating profit871 Millions of yen (YoY +32.7%)
Ordinary income857 Millions of yen (YoY +38.4%)
Net income631 Millions of yen (YoY +79.3%)
Gross Profit Margin49.4%
Operating profit margin7.0%
Selling, general and administrative expenses5,271 Millions of yen
Full-year earnings forecastFiscal year ending March 2027 Recurring revenue 11,421 Millions of yen / Net Sales 15,124 Millions of yen / Gross profit 7,614 Millions of yen / Selling, general and administrative expenses 6,492 Millions of yen / EBITDA 1,650 Millions of yen / Operating profit 1,122 Millions of yen
Progress against full-year forecastRecurring revenue 102.2% / Net Sales 101.8% / Gross profit 99.4% / Selling, general and administrative expenses 98.5% / EBITDA 101.5% / Operating profit 105.0%
Self-assessment against the planRecurring revenue and revenue both exceeded the earnings forecasts revised upward in February 2026. The company came in slightly below its gross profit target, but operating profit exceeded the earnings forecast.
Segment resultsMisora Connect Net Sales 1,564 Millions of yen / Gross profit 398 Millions of yen / EBITDA 91 Millions of yen / Operating profit 33 Millions of yen / Year on year against the same period last year Not disclosed
Key KPIsIndicator name Recurring revenue / Value 9,296 Millions of yen / Year on year against the same period last year +41.7%, Indicator name ARR / Value 110 Hundreds of millions of yen / Year on year against the same period last year Not disclosed, Indicator name Global recurring revenue ratio / Value 48 % / Year on year against the same period last year Stated as up 4 percentage points from 117% in FY2025, Indicator name Annual churn rate among major customers / Value 0.4 % / Year on year against the same period last year Not disclosed, Indicator name NRR (net revenue retention) / Value 121 % / Year on year against the same period last year Not disclosed, Indicator name Profitable Growth / Value 51.6 % / Year on year against the same period last year Not disclosed, Indicator name Global revenue ratio / Value 40.1 % / Year on year against the same period last year Not disclosed, Indicator name US revenue / Value 1,952 Millions of yen / Year on year against the same period last year Not disclosed
Unit price and quantity metricsIndicator name Group-wide recurring revenue per billed account (ARPA) / Value ¥1,060 thousand / Year on year against the same period last year +11.9%, Indicator name Number of billed accounts across the group / Value 10,400 Accounts / Year on year against the same period last year +9.7%, Indicator name Global recurring revenue per billed account (ARPA) / Value ¥2,118 thousand / Year on year against the same period last year +10.9%, Indicator name Number of global billed accounts / Value 2,600 Accounts / Year on year against the same period last year +14.8%
Number of employeesNumber of Employees 176 people / Change during the period Not disclosed / Hiring plan Recruit selectively for essential positions
Assumptions Underlying the Business OutlookExchange rate ¥150 per US dollar / Growth assumptions Organic growth only. The impact of inorganic growth is not included.
Medium-term management plan targetsTarget fiscal year Fiscal year ending March 2031 / Net Sales 500 Hundreds of millions of yen / Revenue CAGR At least 30% / Recurring revenue ratio 70～80% / Inorganic growth ratio 20～30% / Organic EBITDA margin 20% or higher
New initiativesAdoption of the generative AI bot “Wisora”, Development of Misora Connect Central, Launch of the AI vehicle management portal “Cariot Copilot”, Improving the efficiency of internal inquiries using generative AI, Considering M&A, including the acquisition of overseas IoT MVNOs, Gradual expansion into emerging regions, including Latin America and Asia
Items this document does not state (12)
Results for the three months of the current quarterBreakdown of Factors Affecting the ChangeNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

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

The company explained that strategic investments, including global expansion and M&A, began to produce results, driving increases in recurring revenue and revenue. SG&A expenses became leaner through the use of generative AI and other measures. Meanwhile, the decline in the gross profit margin was attributed to the consolidation of Misora Connect and higher procurement costs for large-scale device projects.

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.
Full-Year Earnings Presentation for the Fiscal Year Ending March 2026 | SORACOM,INC. (147A) timely disclosure | Komori