Worth reading
61In 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
20.1
Year-on-year change in net sales (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationQ3 of the fiscal year ending December 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,234 Millions of yen+20.1%
Operating profit438 Millions of yen+33.6%
Ordinary income443 Millions of yen+34.6%
Net income278 Millions of yen+27.3%
Selling, general and administrative expenses284 Millions of yen
Gross Profit Margin
Rate58.6%
Year-on-year change (points)-2.6
Operating profit margin
Rate35.5%
Year-on-year change (points)3.6
Results for the three months of the current quarter
Net Sales
417 Millions of yen+16.9%
Operating profit
155 Millions of yen+47.8%
Ordinary income
158 Millions of yen+48.0%
Net income
99 Millions of yen+37.0%
Full-year earnings forecast
Net Sales
1,647 Millions of yen
Operating profit
532 Millions of yen
Ordinary income
537 Millions of yen
Net income
346 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。
Net Sales74.9%
Operating profit82.4%
Ordinary income82.6%
Net income80.4%
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.
Upsell/downsell vs. plan+¥5 million
Cross-selling versus plan+¥49 million
New contracts versus plan+¥47 million
Cancellations versus plan-¥11 million
Bottom-up plan¥0.17bn
Bottom-up outlook¥260 million
New initiatives
- Introduction of a restricted stock compensation plan (RS)
- Promotion of cross-selling Fraud Alert to apps, corporate accounts, and deposits and withdrawals
- Acquisition of initial customers and expansion of proof-of-concept projects for Grid Data KYC across industries
- Improving development speed and operational efficiency through the use of AI
Key KPIsA metric the company considers important as a management benchmark.
- Bookings¥2 100 million
- ARR¥15.9 100 million
- ARR growth rate16 %
- Contract Balances¥8 100 million
- Share of recurring revenue92.8 %
- Number of contracted companies45 companies
- Revenue growth20.1 %Year on year against the same period last yearYear-on-year change
- Operating margin35.5 %Year on year against the same period last year+3.6pt
- Gross revenue churn rate0.4 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
MRR
133.1 Millions of yen
Year on year against the same period last year+11.0%
Contracted companies
45 companies
Year on year against the same period last yearDown 3 companies (versus the end of December 2025)
ARPU
¥2.96 million/month
Year on year against the same period last year+18.4%
Medium-term management plan targets
Average annual revenue growth rateOver 14%
2028 revenue¥2.0 billion–¥2.2 billion
Long-term operating margin40%
Market Size / Share
Global annual fraud lossesApproximately $500 billion (approximately ¥80 trillion)
Number of data breaches in Japan in 2026Approximately 376.21 million cases
Grid Data KYC-eligible electricity contract householdsApproximately 80 million households
Orders received and order backlog
Bookings
¥2 100 million
Contract Balances
¥8 100 million
Number of employees
Number of Employees48 people
Change during the periodQ3 hiring: 0 people (plan: 0 people)
Acquisition of treasury shares
Total acquired242,000 shares
PeriodAcquisitions made during the periods stated in the materials, including FY2026 Q1
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Q3 of the fiscal year ending December 2026 |
| Net Sales | 1,234 Millions of yen (YoY +20.1%) |
| Operating profit | 438 Millions of yen (YoY +33.6%) |
| Ordinary income | 443 Millions of yen (YoY +34.6%) |
| Net income | 278 Millions of yen (YoY +27.3%) |
| Gross Profit Margin | Rate 58.6% / Year-on-year change (points) -2.6 |
| Operating profit margin | Rate 35.5% / Year-on-year change (points) 3.6 |
| Selling, general and administrative expenses | 284 Millions of yen |
| Results for the three months of the current quarter | Net Sales 417 Millions of yen (YoY +16.9%) / Operating profit 155 Millions of yen (YoY +47.8%) / Ordinary income 158 Millions of yen (YoY +48.0%) / Net income 99 Millions of yen (YoY +37.0%) |
| Full-year earnings forecast | Net Sales 1,647 Millions of yen / Operating profit 532 Millions of yen / Ordinary income 537 Millions of yen / Net income 346 Millions of yen |
| Progress against full-year forecast | Net Sales 74.9% / Operating profit 82.4% / Ordinary income 82.6% / Net income 80.4% |
| Self-assessment against the plan | Progressing smoothly against the full-year forecast |
| Breakdown of Factors Affecting the Change | Upsell/downsell vs. plan +¥5 million / Cross-selling versus plan +¥49 million / New contracts versus plan +¥47 million / Cancellations versus plan -¥11 million / Bottom-up plan ¥0.17bn / Bottom-up outlook ¥260 million |
| Key KPIs | Indicator name Bookings / Value ¥2 100 million / Year on year against the same period last year Not disclosed, Indicator name ARR / Value ¥15.9 100 million / Year on year against the same period last year Not disclosed, Indicator name ARR growth rate / Value 16 % / Year on year against the same period last year Not disclosed, Indicator name Contract Balances / Value ¥8 100 million / Year on year against the same period last year Not disclosed, Indicator name Share of recurring revenue / Value 92.8 % / Year on year against the same period last year Not disclosed, Indicator name Number of contracted companies / Value 45 companies / Year on year against the same period last year Not disclosed, Indicator name Revenue growth / Value 20.1 % / Year on year against the same period last year Year-on-year change, Indicator name Operating margin / Value 35.5 % / Year on year against the same period last year +3.6pt, Indicator name Gross revenue churn rate / Value 0.4 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | MRR Value 133.1 Millions of yen / Year on year against the same period last year +11.0% / Contracted companies Value 45 companies / Year on year against the same period last year Down 3 companies (versus the end of December 2025) / ARPU Value ¥2.96 million/month / Year on year against the same period last year +18.4% |
| Number of employees | Number of Employees 48 people / Change during the period Q3 hiring: 0 people (plan: 0 people) |
| Medium-term management plan targets | Average annual revenue growth rate Over 14% / 2028 revenue ¥2.0 billion–¥2.2 billion / Long-term operating margin 40% |
| Acquisition of treasury shares | Total acquired 242,000 shares / Period Acquisitions made during the periods stated in the materials, including FY2026 Q1 |
| Orders received and order backlog | Bookings ¥2 100 million / Contract Balances ¥8 100 million |
| Market Size / Share | Global annual fraud losses Approximately $500 billion (approximately ¥80 trillion) / Number of data breaches in Japan in 2026 Approximately 376.21 million cases / Grid Data KYC-eligible electricity contract households Approximately 80 million households |
| New initiatives | Introduction of a restricted stock compensation plan (RS), Promotion of cross-selling Fraud Alert to apps, corporate accounts, and deposits and withdrawals, Acquisition of initial customers and expansion of proof-of-concept projects for Grid Data KYC across industries, Improving development speed and operational efficiency through the use of AI |
Items this document does not state (9)
Segment resultsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk 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.New customer acquisitions and cross-selling to existing customers progressed for Fraud Alert, while multiple proof-of-concept projects were launched for Grid Data KYC. Operating profit was also supported by a year-on-year decline in selling, general and administrative expenses, in addition to higher revenue.
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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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.