Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
52
¥ million (year-on-year increase in SG&A expenses)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Financial results presentationThird quarter of the fiscal year ending May 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,223 million+7.7%
Operating profit¥214 million-7.4%
Ordinary income¥245 million+5.9%
Net income¥168 million+2.5%
Gross Profit Margin53.9 %
Operating profit margin17.5 %
Selling, general and administrative expenses
SG&A-to-sales ratioUp 1.8 percentage points year on year
Results for the three months of the current quarter
F&I services
Net Sales
¥219 million
Gross profit
¥150 million
Gross Profit Margin
68.8 %
C&Br services
Net Sales
¥52 million
Gross profit
¥41 million
Gross Profit Margin
79 %
HR&OS services
Net Sales
¥97 million
Gross profit
¥46 million
Gross Profit Margin
47.8 %
Full-year earnings forecast
Net Sales
¥1,703 million
Gross profit
¥898 million
Operating profit
¥200 million
Ordinary income
¥229 million
Net income for the current fiscal year
¥151 million
F&I services revenue
¥783 million
C&Br services revenue
¥492 million
HR&OS services revenue
¥428 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 Sales71.9
Gross profit73.5
Operating profit107.3
Ordinary income107
Net income for the current fiscal year111.5
F&I services revenue72.4
C&Br services revenue74.7
HR&OS services revenue67.7
F&I services gross profit73.4
C&Br services gross profit84.6
HR&OS services gross profit63.6
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Earnings are progressing ahead of planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in SG&A expenses
Total
¥52 million
Personnel-related costs (share-based compensation, recruitment costs, etc.)
¥21 million
Rent and depreciation expenses associated with the head office relocation
¥9 million
Outsourcing costs for enhanced disclosure and risk management systems following the listing
¥13 million
Allowance for doubtful accounts due to the increase in purchased receivables
¥6 million
Factors driving the increase in ordinary profit
Insurance surrender value
¥26 million
New initiatives
- Diversifying Funding Methods
- Strengthening M&A and consulting capabilities
- Strengthening the business supporting specified skilled foreign workers
- Increasing staffing and introducing systems for the monitoring framework
- Building systems, including through the use of AI
- Utilization of paid stock options for officers and employees
Key KPIsA metric the company considers important as a management benchmark.
- Number of companies served (consolidated)195 companies
- Number of companies whose receivables were purchased102 companies
- Investment asset balance¥9,523 million
- Equity ratio21.6 %
- Operating margin17.5 %Year on year against the same period last year-2.9%
Segment results
F&I
Net Sales
¥566 million
Year-on-year change in revenue1.9
Gross profit
¥374 million
Gross profit year-on-year-3.5
C&Br
Net Sales
¥367 million
Year-on-year change in revenue9.7
Gross profit
¥157 million
Gross profit year-on-year27.1
HR&OS
Net Sales
¥289 million
Year-on-year change in revenue18.3
Gross profit
¥128 million
Gross profit year-on-year13.7
Medium-term management plan targets
Net Sales
Fiscal year ending May 2027
¥2,253 million
Fiscal year ending May 2028
¥3,001 million
Ordinary income
Fiscal year ending May 2027
¥352 million
Fiscal year ending May 2028
¥568 million
Number of specified skilled foreign workers supported
500 people
Target fiscal yearFiscal year ending May 2028
Market Size / Share
TAM
¥588,000 100 million
SAM
¥443,000 100 million
SOM
¥4,600 100 million
Purchased receivables outstanding at the end of February 2026
¥89 100 million
Number of employees
Number of Employees89 people
Hiring planPlans to hire approximately 15 group employees in the fiscal year ending May 2026
Annual Dividend
Annual dividend per share¥20
BreakdownYear-end dividend: ¥20.00; interim dividend: Not disclosed
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending May 2026 |
| Net Sales | ¥1,223 million (YoY +7.7%) |
| Operating profit | ¥214 million (YoY -7.4%) |
| Ordinary income | ¥245 million (YoY +5.9%) |
| Net income | ¥168 million (YoY +2.5%) |
| Gross Profit Margin | 53.9 % |
| Operating profit margin | 17.5 % |
| Selling, general and administrative expenses | value Not disclosed / SG&A-to-sales ratio Up 1.8 percentage points year on year |
| Results for the three months of the current quarter | F&I services Net Sales ¥219 million / Gross profit ¥150 million / Gross Profit Margin 68.8 % / C&Br services Net Sales ¥52 million / Gross profit ¥41 million / Gross Profit Margin 79 % / HR&OS services Net Sales ¥97 million / Gross profit ¥46 million / Gross Profit Margin 47.8 % |
| Full-year earnings forecast | Net Sales ¥1,703 million / Gross profit ¥898 million / Operating profit ¥200 million / Ordinary income ¥229 million / Net income for the current fiscal year ¥151 million / F&I services revenue ¥783 million / C&Br services revenue ¥492 million / HR&OS services revenue ¥428 million |
| Progress against full-year forecast | Net Sales 71.9 / Gross profit 73.5 / Operating profit 107.3 / Ordinary income 107 / Net income for the current fiscal year 111.5 / F&I services revenue 72.4 / C&Br services revenue 74.7 / HR&OS services revenue 67.7 / F&I services gross profit 73.4 / C&Br services gross profit 84.6 / HR&OS services gross profit 63.6 |
| Self-assessment against the plan | Earnings are progressing ahead of plan |
| Segment results | F&I Net Sales ¥566 million / Year-on-year change in revenue 1.9 / Gross profit ¥374 million / Gross profit year-on-year -3.5 / C&Br Net Sales ¥367 million / Year-on-year change in revenue 9.7 / Gross profit ¥157 million / Gross profit year-on-year 27.1 / HR&OS Net Sales ¥289 million / Year-on-year change in revenue 18.3 / Gross profit ¥128 million / Gross profit year-on-year 13.7 |
| Breakdown of Factors Affecting the Change | Increase in SG&A expenses Total ¥52 million / Personnel-related costs (share-based compensation, recruitment costs, etc.) ¥21 million / Rent and depreciation expenses associated with the head office relocation ¥9 million / Outsourcing costs for enhanced disclosure and risk management systems following the listing ¥13 million / Allowance for doubtful accounts due to the increase in purchased receivables ¥6 million / Factors driving the increase in ordinary profit Insurance surrender value ¥26 million |
| Key KPIs | Indicator name Number of companies served (consolidated) / Value 195 companies / Year on year against the same period last year Not disclosed, Indicator name Number of companies whose receivables were purchased / Value 102 companies / Year on year against the same period last year Not disclosed, Indicator name Investment asset balance / Value ¥9,523 million / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 21.6 % / Year on year against the same period last year Not disclosed, Indicator name Operating margin / Value 17.5 % / Year on year against the same period last year -2.9 % |
| Number of employees | Number of Employees 89 people / Hiring plan Plans to hire approximately 15 group employees in the fiscal year ending May 2026 |
| Medium-term management plan targets | Net Sales Fiscal year ending May 2027 ¥2,253 million / Fiscal year ending May 2028 ¥3,001 million / Ordinary income Fiscal year ending May 2027 ¥352 million / Fiscal year ending May 2028 ¥568 million / Number of specified skilled foreign workers supported 500 people |
| Annual Dividend | Annual dividend per share ¥20 / Breakdown Year-end dividend: ¥20.00; interim dividend: Not disclosed |
| Market Size / Share | TAM ¥588,000 100 million / SAM ¥443,000 100 million / SOM ¥4,600 100 million / Purchased receivables outstanding at the end of February 2026 ¥89 100 million |
| New initiatives | Diversifying Funding Methods, Strengthening M&A and consulting capabilities, Strengthening the business supporting specified skilled foreign workers, Increasing staffing and introducing systems for the monitoring framework, Building systems, including through the use of AI, Utilization of paid stock options for officers and employees |
Items this document does not state (10)
Unit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.SG&A expenses increased by a total of ¥52 million, reflecting higher personnel-related costs, rent and depreciation expenses associated with the head office relocation, outsourcing costs related to enhanced disclosure and risk management systems following the listing, and higher allowance for doubtful accounts due to the increase in purchased receivables. Operating profit declined as a result of the increase in SG&A expenses. Ordinary profit increased due to non-operating income, including ¥26 million in insurance surrender value gains.
How to read this page
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