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
159
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsSecond quarter of the fiscal year ending November 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,360 million+13.3%
Operating profit¥203 million+18.8%
Ordinary income¥210 million+22.2%
Net income¥144 million+31.7%
Operating profit margin14.9 %
Results for the three months of the current quarter
Net Sales
¥698 million
Full-year earnings forecast
Net Sales
¥3,226 million
Operating profit
¥418 million
Ordinary income
¥431 million
Net income for the current fiscal year
¥304 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 Sales42.2 %
Operating profit48.5 %
Ordinary income48.7 %
Net income for the current fiscal year47.6 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue was broadly in line with plan, while income at each level significantly exceeded planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales¥159 million
Cost of sales¥49 million
Personnel Expenses¥54 million
Advertising and sales promotion expenses¥-15 million
Other selling, general and administrative expenses¥40 million
Operating profit¥32 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
A second-half-weighted plan incorporating the impact of ISMAP. Revenue growth is projected at +26.4% year on year, and the operating margin at 13.0%.New initiatives
- Holding OPRO Partner Day 2026 and deepening collaboration with partners
- MCP support for 帳票DX
- Development of the new AI products DUKE and REVEARTS, scheduled for release in 2026
- Winning a public-sector DX project from the Ministry of Agriculture, Forestry and Fisheries
- Integration of 帳票DX with Shachihata Cloud
- Launch of 帳票DX for HubSpot
Key KPIsA metric the company considers important as a management benchmark.
- ARR22.9 Hundreds of millions of yen
- ARR growth rate13.4 %Year on year against the same period last yearYear-on-year comparison at month-end
- Number of contracted companies1,578 companies
- Monthly churn rate0.36 %Year on year against the same period last year+0.09pt
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Number of contracted companies1,578 companiesYear on year against the same period last year+5.5%
- ARPU¥145 10,000Year on year against the same period last year+7.5%
Medium-term management plan targets
- TargetRevenue growth of 25–30% and an operating margin of 10–15%Target fiscal yearFY26 onwards
- TargetARR of approximately ¥10 billionTarget fiscal yearFY31Comparison with actual resultsApproximately ¥2.2 billion in FY25
Orders received and order backlog
Orders receivedMinistry of Agriculture, Forestry and Fisheries project: approximately ¥50.14 million, excluding tax
Number of employees
125 People
As ofEnd of May 2026
Change during the period12 new graduates joined the company in April 2026
Acquisition of treasury shares
The materials state that the company has been conducting share buybacks since March 2026, but the amount, number of shares and period of the buyback authorization are Not disclosed| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Second quarter of the fiscal year ending November 2026 |
| Net Sales | ¥1,360 million (YoY +13.3%) |
| Operating profit | ¥203 million (YoY +18.8%) |
| Ordinary income | ¥210 million (YoY +22.2%) |
| Net income | ¥144 million (YoY +31.7%) |
| Operating profit margin | 14.9 % |
| Results for the three months of the current quarter | Net Sales ¥698 million |
| Full-year earnings forecast | Net Sales ¥3,226 million / Operating profit ¥418 million / Ordinary income ¥431 million / Net income for the current fiscal year ¥304 million |
| Progress against full-year forecast | Net Sales 42.2 % / Operating profit 48.5 % / Ordinary income 48.7 % / Net income for the current fiscal year 47.6 % |
| Self-assessment against the plan | Revenue was broadly in line with plan, while income at each level significantly exceeded plan |
| Breakdown of Factors Affecting the Change | Net Sales ¥159 million / Cost of sales ¥49 million / Personnel Expenses ¥54 million / Advertising and sales promotion expenses ¥-15 million / Other selling, general and administrative expenses ¥40 million / Operating profit ¥32 million |
| Key KPIs | ARR 22.9 Hundreds of millions of yen, ARR growth rate 13.4 %, Number of contracted companies 1,578 companies, Monthly churn rate 0.36 % |
| Unit price and quantity metrics | Number of contracted companies 1,578 companies, ARPU ¥145 10,000 |
| Number of employees | 125 People |
| Assumptions Underlying the Business Outlook | A second-half-weighted plan incorporating the impact of ISMAP. Revenue growth is projected at +26.4% year on year, and the operating margin at 13.0%. |
| Medium-term management plan targets | Target Revenue growth of 25–30% and an operating margin of 10–15% / Target fiscal year FY26 onwards, Target ARR of approximately ¥10 billion / Target fiscal year FY31 / Comparison with actual results Approximately ¥2.2 billion in FY25 |
| Acquisition of treasury shares | The materials state that the company has been conducting share buybacks since March 2026, but the amount, number of shares and period of the buyback authorization are Not disclosed |
| Orders received and order backlog | Orders received Ministry of Agriculture, Forestry and Fisheries project: approximately ¥50.14 million, excluding tax / Order backlog Not disclosed |
| New initiatives | Holding OPRO Partner Day 2026 and deepening collaboration with partners, MCP support for 帳票DX, Development of the new AI products DUKE and REVEARTS, scheduled for release in 2026, Winning a public-sector DX project from the Ministry of Agriculture, Forestry and Fisheries, Integration of 帳票DX with Shachihata Cloud, Launch of 帳票DX for HubSpot |
Items this document does not state (11)
Gross Profit MarginSelling, general and administrative expensesSegment resultsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioCapital expendituresMarket 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.Revenue increased as the impact of ISMAP became apparent and the company won public-sector projects. On the profit side, costs, mainly personnel expenses, recruiting expenses, and advertising and sales promotion expenses, were below plan. In addition, progress in AI-related development increased software under construction, reducing the cost of sales recognized as an expense.
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.