Worth reading
71In 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
839
¥ million (consolidated revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥839 million+195.2%
Operating profit¥73 million+118.3%
Ordinary income¥60 million+101.8%
Net income¥66 million +111.9%profit attributable to owners of the parent
Full-year earnings forecast
Net Sales
¥3,599 million
Adjusted operating profit (EBITDA)
¥721 million
Operating profit
¥472 million
Ordinary income
¥447 million
Profit attributable to owners of the parent
¥446 million
EPS
¥21.26
ROE
28.6 %
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 Sales23.3%
Adjusted operating profit (EBITDA)21.7%
Operating profit15.5%
Ordinary income13.5%
Profit attributable to owners of parent for the quarter14.8%
Operating profit excluding one-time expensesSlightly over 22%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is on track, with profit excluding one-time expenses exceeding 22% of the full-year planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Costs related to the acquisition of Sales PerformerApproximately ¥30 million
- YNP’s new-graduate recruitment expenses
- M&A DX’s equity-method lossApproximately ¥8 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- AssumptionsFuture M&ADetailsNot included in the forecast for the fiscal year ending March 2027
- AssumptionsAcquisition criteriaDetailsAs a guideline: profitable businesses, a payback period of no more than 5 years, and an EBITDA multiple of no more than 5x
- ¥50 100 millionAssumptionsM&A acquisition funding under the Second Medium-Term Management Plan
- Within 1.0–1.5xAssumptionsD/E ratio management target
New initiatives
- Acquired the business of the sales-support SaaS product “Sales Performer” in May 2026
- Launch of the Second Medium-Term Management Plan, “Project Phoenix II”
- Promotion of AI-driven management
- AI-enabled M&A sourcing, due diligence and operational efficiency improvements
- Continuing M&A through DX roll-ups
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative number of M&A transactions11 Engagements
- M&A transactions during the period1 Engagements
- ARR growth rate215 %
- Recurring revenue growth rate397 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales PerformerA subscription model priced at ¥2,500 per ID per month
Medium-term management plan targets
Plan nameSecond Medium-Term Management Plan (Project Phoenix II)
Target fiscal yearFiscal year ending March 2029
Market capitalization
¥300 100 million
Net Sales
¥100 100 million
Adjusted operating profit (EBITDA)
¥20 100 million
Financial targets
Debt-to-equity ratioWithin 1.0–1.5x
Equity ratioMaintain a level of 40% or higher
Market Size / Share
Engineer ShortagesExpected to expand to approximately 790,000 people by 2030
IT companies without successorsSeveral thousand companies nationwide with revenue of ¥1–3 billion and positive EBITDA
Number of employees
Number of Employees280 consolidated, 123 non-consolidated
Record dateAs of 31 March 2026
Acquisition of treasury shares
To be considered as necessary. Specific acquisition limit, number of shares and period: Not disclosed| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥839 million (YoY +195.2%) |
| Operating profit | ¥73 million (YoY +118.3%) |
| Ordinary income | ¥60 million (YoY +101.8%) |
| Net income | ¥66 million (profit attributable to owners of the parent) (YoY +111.9%) |
| Full-year earnings forecast | Net Sales ¥3,599 million / Adjusted operating profit (EBITDA) ¥721 million / Operating profit ¥472 million / Ordinary income ¥447 million / Profit attributable to owners of the parent ¥446 million / EPS ¥21.26 / ROE 28.6 % |
| Progress against full-year forecast | Net Sales 23.3% / Adjusted operating profit (EBITDA) 21.7% / Operating profit 15.5% / Ordinary income 13.5% / Profit attributable to owners of parent for the quarter 14.8% / Operating profit excluding one-time expenses Slightly over 22% |
| Self-assessment against the plan | Progress is on track, with profit excluding one-time expenses exceeding 22% of the full-year plan |
| Breakdown of Factors Affecting the Change | Factors Costs related to the acquisition of Sales Performer / Amount Approximately ¥30 million, Factors YNP’s new-graduate recruitment expenses / Amount Not disclosed, Factors M&A DX’s equity-method loss / Amount Approximately ¥8 million |
| Key KPIs | Indicator Cumulative number of M&A transactions / Value 11 Engagements / Year on year against the same period last year Not disclosed, Indicator M&A transactions during the period / Value 1 Engagements / Year on year against the same period last year Not disclosed, Indicator ARR growth rate / Value 215 % / Year on year against the same period last year Not disclosed, Indicator Recurring revenue growth rate / Value 397 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Sales Performer A subscription model priced at ¥2,500 per ID per month |
| Number of employees | Number of Employees 280 consolidated, 123 non-consolidated / Record date As of 31 March 2026 / Changes during the period and hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Assumptions Future M&A / Details Not included in the forecast for the fiscal year ending March 2027, Assumptions Acquisition criteria / Details As a guideline: profitable businesses, a payback period of no more than 5 years, and an EBITDA multiple of no more than 5x, Assumptions M&A acquisition funding under the Second Medium-Term Management Plan / Value ¥50 100 million, Assumptions D/E ratio management target / Value Within 1.0–1.5x |
| Medium-term management plan targets | Plan name Second Medium-Term Management Plan (Project Phoenix II) / Target fiscal year Fiscal year ending March 2029 / Market capitalization ¥300 100 million / Net Sales ¥100 100 million / Adjusted operating profit (EBITDA) ¥20 100 million |
| Financial targets | Debt-to-equity ratio Within 1.0–1.5x / Equity ratio Maintain a level of 40% or higher / ROE target Not disclosed / ROIC target Not disclosed |
| Acquisition of treasury shares | To be considered as necessary. Specific acquisition limit, number of shares and period: Not disclosed |
| Market Size / Share | Engineer Shortages Expected to expand to approximately 790,000 people by 2030 / IT companies without successors Several thousand companies nationwide with revenue of ¥1–3 billion and positive EBITDA |
| New initiatives | Acquired the business of the sales-support SaaS product “Sales Performer” in May 2026, Launch of the Second Medium-Term Management Plan, “Project Phoenix II”, Promotion of AI-driven management, AI-enabled M&A sourcing, due diligence and operational efficiency improvements, Continuing M&A through DX roll-ups |
Items this document does not state (12)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterSegment resultsNumber of stores and locationsRisk amount incorporated into the outlookAnnual DividendPayout ratioCapital 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.In May 2026, the Company acquired the sales-support SaaS product “Sales Performer” and added two months of recurring revenue. It also recognized acquisition-related costs, YNP’s new-graduate recruitment expenses, and M&A DX’s equity-method loss.
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.