Worth reading
82Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
44.5
Year-on-year increase in net sales (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending December 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥332,568 thousand+44.5%
Operating profit¥3,560 thousand
Ordinary income¥5,904 thousand
Net income¥687 thousand
Gross Profit Margin
Rate44.1%
Operating profit margin
Rate1.1%
Year-on-year change (points)Improved from negative 6.7% in the same period of the previous year
Results for the three months of the current quarter
Net Sales
¥332 million
Operating profit
¥3 million
Ordinary income
¥5 million
Net income for the current fiscal year
¥0 million
EBITDA
¥17 million
Full-year earnings forecast
Net Sales
¥1,373 million
AI product revenue
¥542 million
AI solution revenue
¥830 million
Operating profit
¥56 million
Ordinary income
¥45 million
Net income for the current fiscal year
¥22 million
EBITDA
¥109 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 Sales24.2%
AI product revenue21.7%
AI solution revenue25.8%
Operating profit6.3%
Ordinary income12.8%
Net income for the current fiscal year3.1%
EBITDA16.0%
Number of AI solution projects38.1%
AI product versus plan58%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Finished above plan / Both revenue and profit exceeded planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Ordinary profit outlook
Pricing effect
¥143 million
Number of customers and product mix
¥81 million
Change in variable cost per unit
¥-99 million
Change in personnel expenses
¥-117 million
Change in other fixed costs
¥-11 million
Change in non-operating income and expenses
¥-11 million
Upfront investment in personnel in the AI agent field
¥1 million
M&A-Related Costs
¥-11 million
New initiatives
- Expansion of 2 sales partnership companies
- Joint development of GRANTOWN, a disaster prevention and administrative DX solution for local governments
- Transition of AI-based water-pipe leak detection from PoC to actual operations
- Obtaining a staffing license and introducing the FDE model
- Establishment of an M&A / PMI Promotion Office
- Closing of the third M&A transaction involving コラボテクノ株式会社
Key KPIsA metric the company considers important as a management benchmark.
- AI product ratio35.5 %
- Companies adopting products29 companies
- Number of solution projects61 Engagements
- M&A sourcing activity114 companies
- Cumulative M&A closings1 Engagements
Unit price and quantity metricsThese figures show sales broken down by price and volume.
AI Solutions
Number of projects
61 Engagements
Average price
¥3.1 million
Year-on-year change in average unit price-22.5
AI Products
Number of accounts
29 companies
Average revenue per account
¥4.8 million
Year-on-year change in average revenue per account50
Segment results
AI Products
Net Sales
¥118 million
Year on year against the same period last year+16.9%
AI Solutions
Net Sales
¥214 million
Year on year against the same period last year+66.2%
Medium-term management plan targets
Market capitalization
¥100 million
Target dateFive years from now
Number of standardization team members
FY29 target9 People
FY34 target20 People
Number of AI products adopted per customer
FY29 target1.1 Engagements
FY34 target1.5 Engagements
Number of sales agencies
FY29 target9 companies
FY34 target20 companies
Generative AI involvement rate
FY29 target30 %
Market Size / Share
Preventive maintenance of water pipes and other infrastructureApproximately ¥190 trillion
Number of employees
Number of Employees57 People
Reference dateEnd of December 2025
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥332,568 thousand (YoY +44.5%) |
| Operating profit | ¥3,560 thousand |
| Ordinary income | ¥5,904 thousand |
| Net income | ¥687 thousand |
| Gross Profit Margin | Rate 44.1% / Year-on-year change (points) Not disclosed |
| Operating profit margin | Rate 1.1% / Year-on-year change (points) Improved from negative 6.7% in the same period of the previous year |
| Results for the three months of the current quarter | Net Sales ¥332 million / Operating profit ¥3 million / Ordinary income ¥5 million / Net income for the current fiscal year ¥0 million / EBITDA ¥17 million |
| Full-year earnings forecast | Net Sales ¥1,373 million / AI product revenue ¥542 million / AI solution revenue ¥830 million / Operating profit ¥56 million / Ordinary income ¥45 million / Net income for the current fiscal year ¥22 million / EBITDA ¥109 million |
| Progress against full-year forecast | Net Sales 24.2% / AI product revenue 21.7% / AI solution revenue 25.8% / Operating profit 6.3% / Ordinary income 12.8% / Net income for the current fiscal year 3.1% / EBITDA 16.0% / Number of AI solution projects 38.1% / AI product versus plan 58% |
| Self-assessment against the plan | Finished above plan / Both revenue and profit exceeded plan |
| Segment results | AI Products Net Sales ¥118 million / Year on year against the same period last year 16.9 / AI Solutions Net Sales ¥214 million / Year on year against the same period last year 66.2 |
| Breakdown of Factors Affecting the Change | Ordinary profit outlook Pricing effect ¥143 million / Number of customers and product mix ¥81 million / Change in variable cost per unit ¥-99 million / Change in personnel expenses ¥-117 million / Change in other fixed costs ¥-11 million / Change in non-operating income and expenses ¥-11 million / Upfront investment in personnel in the AI agent field ¥1 million / M&A-Related Costs ¥-11 million |
| Key KPIs | Indicator name AI product ratio / Value 35.5 % / Year on year against the same period last year Not disclosed, Indicator name Companies adopting products / Value 29 companies / Year on year against the same period last year Not disclosed, Indicator name Number of solution projects / Value 61 Engagements / Year on year against the same period last year Not disclosed, Indicator name M&A sourcing activity / Value 114 companies / Year on year against the same period last year Not disclosed, Indicator name Cumulative M&A closings / Value 1 Engagements / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | AI Solutions Number of projects 61 Engagements / Average price ¥3.1 million / Year-on-year change in average unit price -22.5 / AI Products Number of accounts 29 companies / Average revenue per account ¥4.8 million / Year-on-year change in average revenue per account 50 |
| Number of employees | Number of Employees 57 People / Reference date End of December 2025 |
| Medium-term management plan targets | Market capitalization ¥100 million / Number of standardization team members FY29 target 9 People / FY34 target 20 People / Number of AI products adopted per customer FY29 target 1.1 Engagements / FY34 target 1.5 Engagements / Number of sales agencies FY29 target 9 companies / FY34 target 20 companies / Generative AI involvement rate FY29 target 30 % |
| Market Size / Share | Preventive maintenance of water pipes and other infrastructure Approximately ¥190 trillion |
| New initiatives | Expansion of 2 sales partnership companies, Joint development of GRANTOWN, a disaster prevention and administrative DX solution for local governments, Transition of AI-based water-pipe leak detection from PoC to actual operations, Obtaining a staffing license and introducing the FDE model, Establishment of an M&A / PMI Promotion Office, Closing of the third M&A transaction involving コラボテクノ株式会社 |
Items this document does not state (11)
Selling, general and administrative expensesNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial 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 cited growth in both AI products and AI solutions. In AI solutions, it secured large orders and advanced development projects already under contract, while in AI products, average revenue per account increased. The company is also advancing growth initiatives including M&A, sales partnerships and the transition of AI-based leak detection to actual operations.
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.