Worth reading
56In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
292
¥ 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 January 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,235 million+15.0%
Operating profit¥-819 million
Ordinary income¥-695 million
Net income¥-809 million
Gross Profit Margin45.1%; year-on-year change in percentage points: not disclosed
Operating profit margin-36.6%; year-on-year change in percentage points: not disclosed
Results for the three months of the current quarterNot disclosed (cumulative second-quarter figure reported)
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。Not disclosed (only an explanation that the proportion of the full-year forecast is relatively small)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
In line with initial expectations for the fiscal yearBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in gross profit from surveying and disaster recovery¥6 million
- Increase in gross profit from inspections¥35 million
- Increase in gross profit from agriculture¥98 million
- Increase in SG&A expenses¥-289 million
- Change in operating profit for air traffic management, Unifly¥-39 million
- Change in operating profit for domestic air traffic management¥36 million
- Decrease in domestic UTM-related subsidies¥-123 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Euro
Forecast exchange rate¥180
US dollars
Forecast exchange rate¥155
Indonesian rupiah
Forecast exchange rate¥0.01
Saudi riyal
Forecast exchange rate¥40
Malaysian ringgit
Forecast exchange rate¥38
New initiatives
- Full-scale entry into the defense business and rollout of interceptor drones
- Launch of development of C-UAS for critical infrastructure
- Entry into the battery business for domestically produced drones through partnerships with domestic companies
- Strategic collaboration with Malaysia's DEFTECH
- Order received for a UTM project in military-controlled airspace for the Belgian Ministry of Defence
- Two-for-One Stock Split
Key KPIsA metric the company considers important as a management benchmark.
- Global military UAV market size (2030 forecast)34,215 Hundreds of millions of yen
- Domestic defense budget related to unmanned assets (fiscal 2026)2,773 Hundreds of millions of yenYear on year against the same period last yearApproximately 2.4x
- Number of companies applying for the Acquisition, Technology & Logistics Agency's early procurement program for interceptor drones38 companies
- Historical maximum cumulative supply record of the domestic battery partner50 10,000 packs
- Number of countries eligible for OSA support12 countries
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Information provided on per-project unit prices, inspection hardware units sold, 300 modular UAV units, and planned deployment of 1,767 units, among other figuresSegment results
- Drone SolutionsNet Sales¥1,906 million (YoY +6.5%)Operating profit¥-444 million
- Operations managementNet Sales¥328 million (YoY +117.2%)Operating profit¥-374 million
Market Size / Share
- Global military UAV market¥34,215 100 million 2030 forecast
- Domestic defense budget related to unmanned assets¥2,773 100 million FY2026
- UTM implementation track recordGlobal No. 1
Orders received and order backlog
- ¥2.07 100 million, 21 monthsProjectsUTM for the Belgian Ministry of Defence
- ¥1.15 100 million, 300 unitsProjectsAcquisition, Technology & Logistics Agency modular UAV
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Second quarter of the fiscal year ending January 2027 |
| Net Sales | ¥2,235 million (YoY +15.0%) |
| Operating profit | ¥-819 million |
| Ordinary income | ¥-695 million |
| Net income | ¥-809 million |
| Gross Profit Margin | 45.1%; year-on-year change in percentage points: not disclosed |
| Operating profit margin | -36.6%; year-on-year change in percentage points: not disclosed |
| Results for the three months of the current quarter | Not disclosed (cumulative second-quarter figure reported) |
| Progress against full-year forecast | Not disclosed (only an explanation that the proportion of the full-year forecast is relatively small) |
| Self-assessment against the plan | In line with initial expectations for the fiscal year |
| Segment results | Segment Drone Solutions / Net Sales ¥1,906 million (YoY +6.5%) / Operating profit ¥-444 million, Segment Operations management / Net Sales ¥328 million (YoY +117.2%) / Operating profit ¥-374 million |
| Breakdown of Factors Affecting the Change | Factors Increase in gross profit from surveying and disaster recovery / Amount ¥6 million, Factors Increase in gross profit from inspections / Amount ¥35 million, Factors Increase in gross profit from agriculture / Amount ¥98 million, Factors Increase in SG&A expenses / Amount ¥-289 million, Factors Change in operating profit for air traffic management, Unifly / Amount ¥-39 million, Factors Change in operating profit for domestic air traffic management / Amount ¥36 million, Factors Decrease in domestic UTM-related subsidies / Amount ¥-123 million |
| Key KPIs | Indicator name Global military UAV market size (2030 forecast) / Value 34,215 Hundreds of millions of yen / Year on year against the same period last year Not disclosed, Indicator name Domestic defense budget related to unmanned assets (fiscal 2026) / Value 2,773 Hundreds of millions of yen / Year on year against the same period last year Approximately 2.4x, Indicator name Number of companies applying for the Acquisition, Technology & Logistics Agency's early procurement program for interceptor drones / Value 38 companies / Year on year against the same period last year Not disclosed, Indicator name Historical maximum cumulative supply record of the domestic battery partner / Value 50 10,000 packs / Year on year against the same period last year Not disclosed, Indicator name Number of countries eligible for OSA support / Value 12 countries / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Information provided on per-project unit prices, inspection hardware units sold, 300 modular UAV units, and planned deployment of 1,767 units, among other figures |
| Assumptions Underlying the Business Outlook | Euro Forecast exchange rate ¥180 / US dollars Forecast exchange rate ¥155 / Indonesian rupiah Forecast exchange rate ¥0.01 / Saudi riyal Forecast exchange rate ¥40 / Malaysian ringgit Forecast exchange rate ¥38 |
| Orders received and order backlog | Projects UTM for the Belgian Ministry of Defence / Amount ¥2.07 100 million, 21 months, Projects Acquisition, Technology & Logistics Agency modular UAV / Amount ¥1.15 100 million, 300 units |
| Market Size / Share | Market Global military UAV market / Value ¥34,215 100 million (2030 forecast), Market Domestic defense budget related to unmanned assets / Value ¥2,773 100 million (FY2026), Market UTM implementation track record / Value Global No. 1 |
| New initiatives | Full-scale entry into the defense business and rollout of interceptor drones, Launch of development of C-UAS for critical infrastructure, Entry into the battery business for domestically produced drones through partnerships with domestic companies, Strategic collaboration with Malaysia's DEFTECH, Order received for a UTM project in military-controlled airspace for the Belgian Ministry of Defence, Two-for-One Stock Split |
Items this document does not state (12)
Selling, general and administrative expensesFull-year earnings forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresKey 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 in both the drone solutions and air traffic management segments. The wider operating loss was attributed to higher selling, general and administrative expenses resulting from organizational expansion to support growth, among other factors; the deterioration in adjusted operating profit was attributed to lower domestic UTM-related subsidy income; the ordinary loss was attributed to the absence of foreign exchange gains and the amortization of goodwill at an equity-method affiliate recorded in the previous year; and the net loss attributable to owners of the parent was attributed to the recognition of extraordinary losses, among other factors.
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.
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