Worth reading
72In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
176
¥ million (year-on-year decrease in six-month cumulative operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending September 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,749 million+4.9%
Operating profit¥3 million-98.3%
Ordinary income¥0 million-99.7%
Net income¥0 million-99.5%
Selling, general and administrative expenses¥1,327 million
Results for the three months of the current quarterThe presentation reports second-quarter standalone revenue of ¥865 million and operating income of ¥5 million.
Full-year earnings forecast
Net Sales
¥3,908 million
Cost of sales
¥922 million
Gross profit
¥2,985 million
Selling, general and administrative expenses
¥2,719 million
Operating profit
¥266 million
Ordinary income
¥263 million
Net income
¥223 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 Sales44.8%
Cost of sales45.4%
Gross profit44.6%
Selling, general and administrative expenses48.8%
Operating profit1.1%
Ordinary income0.2%
Net income0.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is within the expected range relative to the initial planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in gross profit+¥82 million
- Increase in personnel expenses and recruitment fees-¥136 million
- Increase in marketing expenses-¥42 million
- Increase in other SG&A-¥80 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company explains that seasonality will lead to increased customer acquisition in the third and fourth quarters due to demand for training in April at the start of the new fiscal year, while operating expenses will increase in the first and second quarters. Numerical assumptions are not disclosed.New initiatives
- Continuous releases of new AI-powered features
- Release of “Planning Path,” a new model combining e-learning, group training, and visualization
- Full-scale rollout of the interactive learning program “Kizuki Dialog”
- Establishment of LoLLL株式会社, a subsidiary serving regional markets
- Execution of a memorandum of understanding regarding a capital and business alliance with SAAF Holdings
- Launch of the regional HR service “Schoo Mesh”
Key KPIsA metric the company considers important as a management benchmark.
- ARR¥3,104 millionYear on year against the same period last year+5.5%
- ARPA¥115 thousand/monthYear on year against the same period last year+12.0%
- Number of contracted companies2,341 companiesYear on year against the same period last year△5.3%
- Net Revenue Churn Rate1.07 %
- Growth index for the corporate business serving large enterprisesYear on year against the same period last yearCAGR16.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The presentation reports ARPA of ¥115 thousand per month, 2,341 contracted companies, and corporate ARR of ¥3.10 billion.Market Size / Share
The presentation cites a corporate e-learning market of ¥129.3 billion, a corporate training services market of ¥613.0 billion, and a human resources business and HRTech market exceeding ¥10 trillion.Number of stores and locations
The presentation mentions the Kyushu office, but the number of locations and the number of openings and closures during the period are not disclosed.Number of employees
The number of employees is not disclosed. The presentation does report investments in hiring and workforce expansion during the first half.| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending September 2026 |
| Net Sales | ¥1,749 million (YoY +4.9%) |
| Operating profit | ¥3 million (YoY -98.3%) |
| Ordinary income | ¥0 million (YoY -99.7%) |
| Net income | ¥0 million (YoY -99.5%) |
| Selling, general and administrative expenses | ¥1,327 million |
| Results for the three months of the current quarter | The presentation reports second-quarter standalone revenue of ¥865 million and operating income of ¥5 million. |
| Full-year earnings forecast | Net Sales ¥3,908 million / Cost of sales ¥922 million / Gross profit ¥2,985 million / Selling, general and administrative expenses ¥2,719 million / Operating profit ¥266 million / Ordinary income ¥263 million / Net income ¥223 million |
| Progress against full-year forecast | Net Sales 44.8% / Cost of sales 45.4% / Gross profit 44.6% / Selling, general and administrative expenses 48.8% / Operating profit 1.1% / Ordinary income 0.2% / Net income 0.2% |
| Self-assessment against the plan | Progress is within the expected range relative to the initial plan |
| Breakdown of Factors Affecting the Change | Factors Increase in gross profit / Amount +¥82 million, Factors Increase in personnel expenses and recruitment fees / Amount -¥136 million, Factors Increase in marketing expenses / Amount -¥42 million, Factors Increase in other SG&A / Amount -¥80 million |
| Key KPIs | Indicator ARR / Value ¥3,104 million / Year on year against the same period last year +5.5%, Indicator ARPA / Value ¥115 thousand/month / Year on year against the same period last year +12.0%, Indicator Number of contracted companies / Value 2,341 companies / Year on year against the same period last year △5.3%, Indicator Net Revenue Churn Rate / Value 1.07 % / Year on year against the same period last year Not disclosed, Indicator Growth index for the corporate business serving large enterprises / Value Not disclosed / Year on year against the same period last year CAGR16.0% |
| Unit price and quantity metrics | The presentation reports ARPA of ¥115 thousand per month, 2,341 contracted companies, and corporate ARR of ¥3.10 billion. |
| Number of stores and locations | The presentation mentions the Kyushu office, but the number of locations and the number of openings and closures during the period are not disclosed. |
| Number of employees | The number of employees is not disclosed. The presentation does report investments in hiring and workforce expansion during the first half. |
| Assumptions Underlying the Business Outlook | The company explains that seasonality will lead to increased customer acquisition in the third and fourth quarters due to demand for training in April at the start of the new fiscal year, while operating expenses will increase in the first and second quarters. Numerical assumptions are not disclosed. |
| Market Size / Share | The presentation cites a corporate e-learning market of ¥129.3 billion, a corporate training services market of ¥613.0 billion, and a human resources business and HRTech market exceeding ¥10 trillion. |
| New initiatives | Continuous releases of new AI-powered features, Release of “Planning Path,” a new model combining e-learning, group training, and visualization, Full-scale rollout of the interactive learning program “Kizuki Dialog”, Establishment of LoLLL株式会社, a subsidiary serving regional markets, Execution of a memorandum of understanding regarding a capital and business alliance with SAAF Holdings, Launch of the regional HR service “Schoo Mesh” |
Items this document does not state (12)
Gross Profit MarginOperating profit marginSegment resultsRisk 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.The company positioned the current fiscal year as a “second founding” and made investments in hiring and expanding its workforce, as well as in marketing, to improve the growth and efficiency of its corporate business, promote optional services, develop AI-related offerings, and expand HR services for regional markets.
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.