Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
22.4
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending December 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥400 million+22.4%
Operating profit¥129 million+33.9%
Ordinary income¥131 million+35.6%
Net income¥82 million+28.2%
Gross Profit Margin57.8%
Operating profit margin32.4%
Selling, general and administrative expenses¥102 million
Results for the three months of the current quarter
Net Sales
¥400 million
Operating profit
¥129 million
Ordinary income
¥131 million
Net income
¥82 million
Full-year earnings forecast
Net Sales
¥1,570 million
Operating profit
¥411 million
Ordinary income
¥417 million
Net income
¥282 million
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 Sales25.5%
Operating profit31.6%
Ordinary income31.5%
Net income29.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing smoothly against the full-year forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue build-up plan¥0.17bn
Upselling versus plan+¥0 million versus plan
Cross-selling versus plan+¥12 million versus plan
New contracts versus plan¥0 million versus plan
Cancellations versus plan-¥48 million versus plan
Full-year build-up outlook¥230 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- New contracts planned for Q22 companies
- Cancellations planned for Q23 companies
- Grid Data KYC break-even pointApproximately 150,000–200,000/month
- MRR outlook (June 2026)¥129,170 thousand
New initiatives
- Opened a Fukuoka office on 1 March 2026
- Began a pilot project with Iida Shinkin Bank using Grid Data KYC
- Introduced Fraud Alert in the au PAY Card app of au Financial Service
- Using AI tools in development and back-office operations
- Promoting the acquisition of initial customers in each industry for Grid Data KYC and an early return to profitability
Key KPIsA metric the company considers important as a management benchmark.
- MRR¥12,917 10,000Year on year against the same period last year+24.3%
- ARR15.5 Hundreds of millions of yenYear on year against the same period last year+24.3%
- Bookings10.3 Hundreds of millions of yenYear on year against the same period last year+50.4%
- Contract backlog12.1 Hundreds of millions of yenYear on year against the same period last year+18.9%
- Share of recurring revenue93.4 %
- Number of contracted companies48 companies
- Revenue growth22.4 %
- Operating margin32.4 %Year on year against the same period last year＋2.8pt
- Gross revenue churn rate0.4 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- ARPU¥269 10,000/month
- Number of contracted companies48 companiesYear on year against the same period last yearUnchanged (versus end-December 2025)
- New contracts1 companies
- Number of cancellations1 companies
Medium-term management plan targets
Net Sales
2,000～2,200
Target fiscal year2028
Operating profit margin
40 %
Target fiscal yearLong-Term Targets
Market Size / Share
Households covered by electricity contract informationApproximately 80 million households
Number of partner general transmission and distribution utilities10
Orders received and order backlog
Bookings
¥1,030 million
Contract Balances
¥1,214.2 million
Number of employees
52 people
Change during the period0 hires in Q1
Hiring planHiring planned from Q2 to strengthen Grid Data KYC and governance
Acquisition of treasury shares
Repurchase authorization amount¥300 million
Q1 acquisition amountApproximately ¥152 million (19–24 March)
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥400 million (YoY +22.4%) |
| Operating profit | ¥129 million (YoY +33.9%) |
| Ordinary income | ¥131 million (YoY +35.6%) |
| Net income | ¥82 million (YoY +28.2%) |
| Gross Profit Margin | 57.8% |
| Operating profit margin | 32.4% |
| Selling, general and administrative expenses | ¥102 million |
| Results for the three months of the current quarter | Net Sales ¥400 million / Operating profit ¥129 million / Ordinary income ¥131 million / Net income ¥82 million |
| Full-year earnings forecast | Net Sales ¥1,570 million / Operating profit ¥411 million / Ordinary income ¥417 million / Net income ¥282 million |
| Progress against full-year forecast | Net Sales 25.5% / Operating profit 31.6% / Ordinary income 31.5% / Net income 29.4% |
| Self-assessment against the plan | Progressing smoothly against the full-year forecast |
| Breakdown of Factors Affecting the Change | Revenue build-up plan ¥0.17bn / Upselling versus plan +¥0 million versus plan / Cross-selling versus plan +¥12 million versus plan / New contracts versus plan ¥0 million versus plan / Cancellations versus plan -¥48 million versus plan / Full-year build-up outlook ¥230 million |
| Key KPIs | MRR ¥12,917 10,000, ARR 15.5 Hundreds of millions of yen, Bookings 10.3 Hundreds of millions of yen, Contract backlog 12.1 Hundreds of millions of yen, Share of recurring revenue 93.4 %, Number of contracted companies 48 companies, Revenue growth 22.4 %, Operating margin 32.4 %, Gross revenue churn rate 0.4 % |
| Unit price and quantity metrics | ARPU ¥269 10,000/month, Number of contracted companies 48 companies, New contracts 1 companies, Number of cancellations 1 companies |
| Number of employees | 52 people |
| Assumptions Underlying the Business Outlook | New contracts planned for Q2 2 companies, Cancellations planned for Q2 3 companies, Grid Data KYC break-even point Approximately 150,000–200,000/month, MRR outlook (June 2026) ¥129,170 thousand |
| Medium-term management plan targets | Net Sales 2,000～2,200 / Operating profit margin 40 % |
| Acquisition of treasury shares | Repurchase authorization amount ¥300 million / Period Not disclosed / Q1 acquisition amount Approximately ¥152 million (19–24 March) |
| Orders received and order backlog | Bookings ¥1,030 million / Contract Balances ¥1,214.2 million |
| Market Size / Share | Households covered by electricity contract information Approximately 80 million households / Number of partner general transmission and distribution utilities 10 |
| New initiatives | Opened a Fukuoka office on 1 March 2026, Began a pilot project with Iida Shinkin Bank using Grid Data KYC, Introduced Fraud Alert in the au PAY Card app of au Financial Service, Using AI tools in development and back-office operations, Promoting the acquisition of initial customers in each industry for Grid Data KYC and an early return to profitability |
Items this document does not state (8)
Segment resultsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioCapital expendituresKey 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.Upselling and cross-selling to existing customers and the acquisition of new contracts contributed to growth in revenue and KPIs. The increase in the cost of sales ratio was attributed to the launch of the Grid Data KYC identity-verification service and an increase in development personnel.
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.
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