Worth reading
83Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
10.5
Year-on-year revenue growth (%)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ended June 2026 (FY23)10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,414,083 thousand+10.5%
Operating profit¥1,747,457 thousand+8.6%
Ordinary income¥1,773,744 thousand+9.4%
Net income¥1,172,193 thousand+9.8%
Operating profit margin
Rate72.4%
Results for the three months of the current quarterThe presentation includes charts showing quarterly standalone revenue for the fiscal year ended June 2026, a breakdown of cost of sales and selling, general and administrative expenses, and quarterly trends in monthly fixed and variable revenue, but standalone three-month results for all line items are Not disclosed
Full-year earnings forecast
Fiscal year ending June 2027
Net Sales
¥2,713,670 thousand
Operating profit
¥1,979,628 thousand
Ordinary income
¥2,023,708 thousand
Net income for the current fiscal year
¥1,335,647 thousand
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。
Fiscal year ending June 2026
Net Sales102.1%
Operating profit106.5%
Ordinary income107.2%
Net income for the current fiscal year105.8%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in lodging bookings
- Steady lodging demand
- Maintenance of a low churn rate
- Decline in website traffic due to the impact of search engine algorithms
- Search engine optimization
- User interface improvements
- Improved mobile usability
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Assumption that lodging demand will remain steady
- Downside risks to the economy, including inflation and interest rate and foreign exchange movements
- Assumption that plans for new lodging facilities will remain at a certain level
- Continued investment in human capital, systems including security measures, and development to enhance functionality
New initiatives
- Expanded the functionality of the TEMAIRAZU series
- Expanded connections with domestic and overseas distribution channels
- Stronger integration with PMS, CRS and revenue management systems
- Strengthening the organizational structure by increasing staff in the Sales and Development departments
- Development investment, including security measures
- Initiatives for new services and businesses
- Investment of approximately ¥100 million to ¥200 million over the next several years
- Change in the target payout ratio to 23.5%
Key KPIsA metric the company considers important as a management benchmark.
- Monthly fixed revenue¥1,794 millionYear on year against the same period last year+9.8%
- Monthly variable revenue¥558 millionYear on year against the same period last year+17.7%
- Monthly fixed revenue as a percentage of revenue74.5%
- Monthly variable revenue as a percentage of revenue23.2%
- Other revenue as a percentage of revenue2.3%
Segment results
- Application Services BusinessNet Sales¥2,408,545 thousandSegment profit¥1,915,264 thousandYear on year against the same period last yearHigher revenue and profits
- Internet Media BusinessNet Sales¥5,537 thousandSegment profit¥-2,432 thousandYear on year against the same period last yearLower sales and lower operating income
- AdjustmentsNet Sales¥0 thousandSegment profit¥-165,373 thousand
Financial targets
The equity ratio was 93.8% at the end of June 2025 and 93.2% at the end of June 2026. Financial targets are Not disclosedMarket Size / Share
The presentation includes trends in the number of international visitors to Japan and the government's target of 60 million visitors in 2030. The company's market share is Not disclosedAnnual Dividend
Fiscal year ending June 2026¥44.5 (as shown in the trend chart in the presentation)
Forecast for the fiscal year ending June 2027¥53.0
Payout ratio
Policy changed to a target payout ratio of 23.5%. The payout ratio including share buybacks for the fiscal year ended June 2026 is stated as 109.5%Acquisition of treasury shares
- Buyback limitUp to 260,000 shares and ¥800 millionPeriodResolution on 20 February 2025; purchases completed on 1 August 2025
- Buyback limitUp to 260,000 shares and ¥800 millionPeriodResolution on 12 September 2025; purchases completed on 1 May 2026
- Buyback limitUp to 130,000 shares and ¥300 millionPeriodResolution on 5 June 2026
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ended June 2026 (FY23) |
| Net Sales | ¥2,414,083 thousand (YoY +10.5%) |
| Operating profit | ¥1,747,457 thousand (YoY +8.6%) |
| Ordinary income | ¥1,773,744 thousand (YoY +9.4%) |
| Net income | ¥1,172,193 thousand (YoY +9.8%) |
| Operating profit margin | Rate 72.4% / Year-on-year change (points) Not disclosed |
| Results for the three months of the current quarter | The presentation includes charts showing quarterly standalone revenue for the fiscal year ended June 2026, a breakdown of cost of sales and selling, general and administrative expenses, and quarterly trends in monthly fixed and variable revenue, but standalone three-month results for all line items are Not disclosed |
| Full-year earnings forecast | Fiscal year ending June 2027 Net Sales ¥2,713,670 thousand / Operating profit ¥1,979,628 thousand / Ordinary income ¥2,023,708 thousand / Net income for the current fiscal year ¥1,335,647 thousand |
| Progress against full-year forecast | Fiscal year ending June 2026 Net Sales 102.1% / Operating profit 106.5% / Ordinary income 107.2% / Net income for the current fiscal year 105.8% |
| Segment results | Segment Application Services Business / Net Sales ¥2,408,545 thousand / Segment profit ¥1,915,264 thousand / Year on year against the same period last year Higher revenue and profits, Segment Internet Media Business / Net Sales ¥5,537 thousand / Segment profit ¥-2,432 thousand / Year on year against the same period last year Lower sales and lower operating income, Segment Adjustments / Net Sales ¥0 thousand / Segment profit ¥-165,373 thousand / Year on year against the same period last year Not disclosed |
| Breakdown of Factors Affecting the Change | Increase in lodging bookings, Steady lodging demand, Maintenance of a low churn rate, Decline in website traffic due to the impact of search engine algorithms, Search engine optimization, User interface improvements, Improved mobile usability |
| Key KPIs | Indicator Monthly fixed revenue / Value ¥1,794 million / Year on year against the same period last year +9.8%, Indicator Monthly variable revenue / Value ¥558 million / Year on year against the same period last year +17.7%, Indicator Monthly fixed revenue as a percentage of revenue / Value 74.5% / Year on year against the same period last year Not disclosed, Indicator Monthly variable revenue as a percentage of revenue / Value 23.2% / Year on year against the same period last year Not disclosed, Indicator Other revenue as a percentage of revenue / Value 2.3% / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Assumption that lodging demand will remain steady, Downside risks to the economy, including inflation and interest rate and foreign exchange movements, Assumption that plans for new lodging facilities will remain at a certain level, Continued investment in human capital, systems including security measures, and development to enhance functionality |
| Financial targets | The equity ratio was 93.8% at the end of June 2025 and 93.2% at the end of June 2026. Financial targets are Not disclosed |
| Annual Dividend | Fiscal year ending June 2026 ¥44.5 (as shown in the trend chart in the presentation) / Forecast for the fiscal year ending June 2027 ¥53.0 |
| Payout ratio | Policy changed to a target payout ratio of 23.5%. The payout ratio including share buybacks for the fiscal year ended June 2026 is stated as 109.5% |
| Acquisition of treasury shares | Buyback limit Up to 260,000 shares and ¥800 million / Period Resolution on 20 February 2025; purchases completed on 1 August 2025, Buyback limit Up to 260,000 shares and ¥800 million / Period Resolution on 12 September 2025; purchases completed on 1 May 2026, Buyback limit Up to 130,000 shares and ¥300 million / Period Resolution on 5 June 2026 |
| Market Size / Share | The presentation includes trends in the number of international visitors to Japan and the government's target of 60 million visitors in 2030. The company's market share is Not disclosed |
| New initiatives | Expanded the functionality of the TEMAIRAZU series, Expanded connections with domestic and overseas distribution channels, Stronger integration with PMS, CRS and revenue management systems, Strengthening the organizational structure by increasing staff in the Sales and Development departments, Development investment, including security measures, Initiatives for new services and businesses, Investment of approximately ¥100 million to ¥200 million over the next several years, Change in the target payout ratio to 23.5% |
Items this document does not state (11)
Gross Profit MarginSelling, general and administrative expensesSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsCapital 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 the Application Services segment, increased lodging bookings resulting from steady lodging demand, inquiries related to new openings and a sustained low churn rate contributed to higher revenue and profit. In the Internet Media segment, website traffic declined due to the impact of search engine algorithms.
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.