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Earnings presentation218ALiberaware Co.,Ltd.Electrical Equipment and Precision Instruments

Full-Year Financial Results Presentation for the Fiscal Year Ending July 2026

In the fiscal year ended July 2026, revenue increased 13% year on year, while upfront investments in research and development, personnel, and business infrastructure increased, causing ordinary income to turn from a profit into a loss of ¥807 million. For the fiscal year ending July 2027, the Company plans revenue of ¥2,300 million and will continue investing for growth while advancing commercialization and monetization.

Worth reading
55In 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
853
¥ million (year-on-year deterioration in ordinary income/loss)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFull fiscal year ended July 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,595 million+13.0%
Operating profit¥-2,397 million
Ordinary income¥-807 million
Net income¥-811 million
Gross Profit Margin42.4 %
Selling, general and administrative expenses¥3,073 million
Results for the three months of the current quarter
Net Sales
¥378 million
Inspection Solutions
¥46 million
Aircraft sales
¥107 million
Rental
¥41 million
Digital Twin Business
¥73 million
Solutions Development Business
¥96 million
New Business Areas
¥12 million
Full-year earnings forecast
Net Sales
¥2,300 million
Gross profit
¥1,150 million
Ordinary profit or loss
¥-1,106 million
Adjusted Ordinary Income (Loss)
¥-698 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Aircraft sales¥43 million
  • Rental services¥31 million
  • Digital twins¥89 million
  • Inspection¥-61 million
  • New Business Areas¥59 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Based on the assumption that the drone market is at a transition point from proof-of-concept projects to full-scale adoption and domestic production. Numerical assumptions for foreign exchange rates, raw material prices, interest rates, and other factors: not disclosed
New initiatives
  • Launched the domestic unmanned aircraft platform business and established HINOTATE
  • Launched the new IBIS2 C sewer inspection drone
  • Began introducing the autonomous patrol camera “Torinosu”
  • Launched a construction progress management support service powered by LAPIS
  • Entered into a business alliance with the Korean subsidiary of NEO BATTERY MATERIAL
  • Entered into a business alliance with ugo
Key KPIsA metric the company considers important as a management benchmark.
  • Aircraft Units Sold53 Sets
    Year on year against the same period last yearIncreased from 49 sets
  • Recurring revenue¥788 million
    Year on year against the same period last yearIncreased from ¥629 million
  • Cumulative number of corporate customers450 companies
  • Track record of transactions with major industry players60 %
  • Number of railway operators participating in the Railway SBIR program6 companies
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average Aircraft Selling Price
¥800 10,000/set
Aircraft Units Sold
53 Sets
Recurring revenue ratio
Q182 %
Q284 %
Q373 %
Q471 %
Segment results
Inspection Solutions
¥223 million
Year on year against the same period last yearDecreased
Aircraft sales
¥426 million
Year on year against the same period last yearIncreased
Rental services
¥171 million
Year on year against the same period last yearIncreased
Digital Twin Business
¥597 million
Year on year against the same period last yearIncreased
Solutions Development Business
¥402 million
Year on year against the same period last yearIncreased
New Business Areas
¥59 million
Year on year against the same period last yearIncreased
Market Size / Share
Railway Inspection Services TAM¥137,577 hundred million
Railway Inspection Services SAM¥92,028 hundred million
Railway Inspection Services SOM¥1,964 hundred million
Number of employees
155 people
Change during the periodAs of the end of July 2026. Headcount increased from Q2 to Q3, including 5 new graduates hired.
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFull fiscal year ended July 2026
Net Sales¥1,595 million (YoY +13.0%)
Operating profit¥-2,397 million
Ordinary income¥-807 million
Net income¥-811 million
Gross Profit Margin42.4 %
Selling, general and administrative expenses¥3,073 million
Results for the three months of the current quarterNet Sales ¥378 million / Inspection Solutions ¥46 million / Aircraft sales ¥107 million / Rental ¥41 million / Digital Twin Business ¥73 million / Solutions Development Business ¥96 million / New Business Areas ¥12 million
Full-year earnings forecastNet Sales ¥2,300 million / Gross profit ¥1,150 million / Ordinary profit or loss ¥-1,106 million / Adjusted Ordinary Income (Loss) ¥-698 million
Segment resultsInspection Solutions ¥223 million / Aircraft sales ¥426 million / Rental services ¥171 million / Digital Twin Business ¥597 million / Solutions Development Business ¥402 million / New Business Areas ¥59 million
Breakdown of Factors Affecting the ChangeFactors Aircraft sales / Amount ¥43 million, Factors Rental services / Amount ¥31 million, Factors Digital twins / Amount ¥89 million, Factors Inspection / Amount ¥-61 million, Factors New Business Areas / Amount ¥59 million
Key KPIsIndicator name Aircraft Units Sold / Value 53 Sets / Year on year against the same period last year Increased from 49 sets, Indicator name Recurring revenue / Value ¥788 million / Year on year against the same period last year Increased from ¥629 million, Indicator name Cumulative number of corporate customers / Value 450 companies / Year on year against the same period last year Not disclosed, Indicator name Track record of transactions with major industry players / Value 60 % / Year on year against the same period last year Not disclosed, Indicator name Number of railway operators participating in the Railway SBIR program / Value 6 companies / Year on year against the same period last year Not disclosed
Unit price and quantity metricsAverage Aircraft Selling Price ¥800 10,000/set / Aircraft Units Sold 53 Sets / Recurring revenue ratio Q1 82 % / Q2 84 % / Q3 73 % / Q4 71 %
Number of employees155 people
Assumptions Underlying the Business OutlookBased on the assumption that the drone market is at a transition point from proof-of-concept projects to full-scale adoption and domestic production. Numerical assumptions for foreign exchange rates, raw material prices, interest rates, and other factors: not disclosed
Market Size / ShareRailway Inspection Services TAM ¥137,577 hundred million / Railway Inspection Services SAM ¥92,028 hundred million / Railway Inspection Services SOM ¥1,964 hundred million
New initiativesLaunched the domestic unmanned aircraft platform business and established HINOTATE, Launched the new IBIS2 C sewer inspection drone, Began introducing the autonomous patrol camera “Torinosu”, Launched a construction progress management support service powered by LAPIS, Entered into a business alliance with the Korean subsidiary of NEO BATTERY MATERIAL, Entered into a business alliance with ugo
Items this document does not state (13)
Operating profit marginProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout 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.

Revenue growth was limited by the concentration of sales resources in the sewerage sector and the delayed release of IBIS2 C. The gross profit margin declined because aircraft sales fell short of plan and digital twin-related projects temporarily generated low margins. Ordinary loss therefore widened as research and development expenses for railway-environment drones and next-generation IBIS increased, along with upfront investments in personnel and business infrastructure.

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Full-Year Financial Results Presentation for the Fiscal Year Ending July 2026 | Liberaware Co.,Ltd. (218A) timely disclosure | Komori