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Financial results presentation3021Pacific Net Co.,Ltd.Information and Communications, Services and Others

Financial Results Presentation Materials for the Third Quarter of the Fiscal Year Ending May 2026

For the nine months ended February 2026, revenue and operating profit both reached record highs, driven by growth in recurring revenue and an increase in the volume of used PCs handled. Based on progress against the plan, the full-year forecasts were revised upward to revenue of ¥10.3 billion and operating profit of ¥1.35 billion.

Worth reading
63In 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
638
Millions of yen (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationThird quarter of the fiscal year ending May 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥7,791 million+34.0%
Operating profit¥1,167 million+120.9%
Ordinary income¥1,098 million+123.5%
Net income¥756 million+137.8%
Operating profit margin15 %
Results for the three months of the current quarter
Net Sales
¥2,779 million+37.5%
Operating profit
¥469 million+120.3%
Ordinary income
¥443 million+121.2%
Profit attributable to owners of parent for the quarter
¥303 million+144.2%
EBITDA
¥1,411 million+52.3%
Full-year earnings forecast
Net Sales
¥10,300 million
Operating profit
¥1,350 million
Ordinary income
¥1,250 million
Net income
¥846 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 Sales75.6
Operating profit86.5
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Growth in recurring revenue (IT subscriptions)¥330 million
  • Growth in transactional revenue (ITAD, communication devices)¥547 million
  • Year-on-year cost increase from investment in personnel¥-156 million
  • Year-on-year cost increase from other investments (IT, facilities, etc.)¥-55 million
  • Other cost increases¥-27 million
  • Increase in operating profit¥638 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Input Costs
    DetailsTrending higher
  • Funding interest rates
    DetailsTrending higher
  • PC prices
    DetailsHigher
  • Chinese tourists
    DetailsLimited impact from the decline
New initiatives
  • Opening the Sagamihara Technical Center and consolidating the functions of the Tokyo Technical Center
  • Launching a one-coin help desk service
  • Launching an IT rental e-commerce site for corporate customers
  • Launching full-scale provision of a web-based tour guide earphone service
Key KPIsA metric the company considers important as a management benchmark.
  • Operating margin15 %
    Year on year against the same period last year+5.9 percentage points
  • Quarterly net profit margin9.7 %
    Year on year against the same period last year+4.2 percentage points
  • Equity ratio26.9 %
    Year on year against the same period last year-0.4 percentage points
  • Market capitalization¥133.1 hundred million
  • Subscription asset utilization rate81.8 %
  • Number of customers7.5 %
    Year on year against the same period last year+7.5%
  • Number of PCs leased17.4 %
    Year on year against the same period last year+17.4%
  • Long-term subscription revenue29.2 %
    Year on year against the same period last year+29.2%
  • IT services revenue24 %
    Year on year against the same period last year+24.0%
  • Number of target corporate customers15.3 %
    Year on year against the same period last year+15.3%
  • Number of auction members25.4 %
    Year on year against the same period last year+25.4%
  • Revenue from PCs at the end of subscriptions112.7 %
    Year on year against the same period last year+112.7%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Number of PCs leased17.4 %
    Year on year against the same period last year+17.4%
  • Number of auction members25.4 %
    Year on year against the same period last year+25.4%
Segment results
IT Subscription Business
Net Sales
¥5,337 million+26.9%
Segment profit
¥630 million+41.5%
ITAD Business
Net Sales
¥2,467 million+64.5%
Segment profit
¥1,031 million+96.9%
Communication and Devices Business
Net Sales
¥249 million+24.7%
Segment profit
¥72 million+120.3%
Financial targets
Operating profit marginAt least 10% (10.4% in the previous fiscal year)
Net profit marginAt least 6% (6.5% in the previous fiscal year)
ROEAt least 18% (16.5% in the previous fiscal year)
ROAAt least 7% (6.8% in the previous fiscal year)
D/E ratioNo more than 3x (2.2x in the previous fiscal year)
Equity ratio20–30% (27.3% in the previous fiscal year)
Subscription asset utilization rateAt least 80% (81.0% in the previous fiscal year)
Market Size / Share
  • IT talent shortage in 2030Approximately 410,000–790,000
  • Market size of the PC lifecycle management and other PC operations, management and maintenance services market, FY27¥3,577 hundred million
  • PC shipments under subscription arrangements, 201748 10,000 units
  • Forecast PC shipments under subscription arrangements, 202796 10,000 units
  • Share of domestic PCs under subscription arrangements, 20178 %
  • Forecast share of domestic PCs under subscription arrangements, 202713 %
Number of stores and locations
Seven technical centers nationwide. A Sagamihara Technical Center is scheduled to open in early June 2026, while the Tokyo Technical Center is scheduled to be closed. The number of openings and closures during the period was not disclosed.
Number of employees
Number of Employees294 people
Record date1 April 2026
Hiring planYear-round recruitment of new graduates and experienced hires, as well as professional personnel
Annual Dividend
Forecast for the fiscal year ending May 202652 Yen/share
Payout ratio
Target30 % or higher
DOE
Target5 % or higher
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredThird quarter of the fiscal year ending May 2026
Net Sales¥7,791 million (YoY +34.0%)
Operating profit¥1,167 million (YoY +120.9%)
Ordinary income¥1,098 million (YoY +123.5%)
Net income¥756 million (YoY +137.8%)
Operating profit margin15 %
Results for the three months of the current quarterNet Sales ¥2,779 million (YoY +37.5%) / Operating profit ¥469 million (YoY +120.3%) / Ordinary income ¥443 million (YoY +121.2%) / Profit attributable to owners of parent for the quarter ¥303 million (YoY +144.2%) / EBITDA ¥1,411 million (YoY +52.3%)
Full-year earnings forecastNet Sales ¥10,300 million / Operating profit ¥1,350 million / Ordinary income ¥1,250 million / Net income ¥846 million
Progress against full-year forecastNet Sales 75.6 / Operating profit 86.5
Segment resultsIT Subscription Business Net Sales ¥5,337 million (YoY +26.9%) / Segment profit ¥630 million (YoY +41.5%) / ITAD Business Net Sales ¥2,467 million (YoY +64.5%) / Segment profit ¥1,031 million (YoY +96.9%) / Communication and Devices Business Net Sales ¥249 million (YoY +24.7%) / Segment profit ¥72 million (YoY +120.3%)
Breakdown of Factors Affecting the ChangeFactors Growth in recurring revenue (IT subscriptions) / Amount ¥330 million, Factors Growth in transactional revenue (ITAD, communication devices) / Amount ¥547 million, Factors Year-on-year cost increase from investment in personnel / Amount ¥-156 million, Factors Year-on-year cost increase from other investments (IT, facilities, etc.) / Amount ¥-55 million, Factors Other cost increases / Amount ¥-27 million, Factors Increase in operating profit / Amount ¥638 million
Key KPIsIndicator name Operating margin / Value 15 % / Year on year against the same period last year +5.9 percentage points, Indicator name Quarterly net profit margin / Value 9.7 % / Year on year against the same period last year +4.2 percentage points, Indicator name Equity ratio / Value 26.9 % / Year on year against the same period last year -0.4 percentage points, Indicator name Market capitalization / Value ¥133.1 hundred million / Year on year against the same period last year Not disclosed, Indicator name Subscription asset utilization rate / Value 81.8 % / Year on year against the same period last year Not disclosed, Indicator name Number of customers / Value 7.5 % / Year on year against the same period last year +7.5%, Indicator name Number of PCs leased / Value 17.4 % / Year on year against the same period last year +17.4%, Indicator name Long-term subscription revenue / Value 29.2 % / Year on year against the same period last year +29.2%, Indicator name IT services revenue / Value 24 % / Year on year against the same period last year +24.0%, Indicator name Number of target corporate customers / Value 15.3 % / Year on year against the same period last year +15.3%, Indicator name Number of auction members / Value 25.4 % / Year on year against the same period last year +25.4%, Indicator name Revenue from PCs at the end of subscriptions / Value 112.7 % / Year on year against the same period last year +112.7%
Unit price and quantity metricsIndicator name Number of PCs leased / Value 17.4 % / Year on year against the same period last year +17.4%, Indicator name Number of auction members / Value 25.4 % / Year on year against the same period last year +25.4%
Number of stores and locationsSeven technical centers nationwide. A Sagamihara Technical Center is scheduled to open in early June 2026, while the Tokyo Technical Center is scheduled to be closed. The number of openings and closures during the period was not disclosed.
Number of employeesNumber of Employees 294 people / Record date 1 April 2026 / Change during the period Not disclosed / Hiring plan Year-round recruitment of new graduates and experienced hires, as well as professional personnel
Assumptions Underlying the Business OutlookItem Input Costs / Details Trending higher, Item Funding interest rates / Details Trending higher, Item PC prices / Details Higher, Item Chinese tourists / Details Limited impact from the decline
Financial targetsOperating profit margin At least 10% (10.4% in the previous fiscal year) / Net profit margin At least 6% (6.5% in the previous fiscal year) / ROE At least 18% (16.5% in the previous fiscal year) / ROA At least 7% (6.8% in the previous fiscal year) / D/E ratio No more than 3x (2.2x in the previous fiscal year) / Equity ratio 20–30% (27.3% in the previous fiscal year) / Subscription asset utilization rate At least 80% (81.0% in the previous fiscal year)
Annual DividendForecast for the fiscal year ending May 2026 52 Yen/share / Interim Dividend Not disclosed / Year-end dividend Not disclosed
Payout ratioTarget 30 % or higher / DOE Target 5 % or higher
Market Size / ShareItem IT talent shortage in 2030 / Value Approximately 410,000–790,000, Item Market size of the PC lifecycle management and other PC operations, management and maintenance services market, FY27 / Value ¥3,577 hundred million, Item PC shipments under subscription arrangements, 2017 / Value 48 10,000 units, Item Forecast PC shipments under subscription arrangements, 2027 / Value 96 10,000 units, Item Share of domestic PCs under subscription arrangements, 2017 / Value 8 %, Item Forecast share of domestic PCs under subscription arrangements, 2027 / Value 13 %
New initiativesOpening the Sagamihara Technical Center and consolidating the functions of the Tokyo Technical Center, Launching a one-coin help desk service, Launching an IT rental e-commerce site for corporate customers, Launching full-scale provision of a web-based tour guide earphone service
Items this document does not state (9)
Gross Profit MarginSelling, general and administrative expensesSelf-assessment against the planRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition 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 attributed the increase in revenue and profit to long-term subscriptions and election-related projects in the IT Subscription Business; higher volumes of used PCs received and rising used-PC prices in the ITAD Business; and a recovery in travel demand and increased corporate orders in the Communication and Device Business. Higher costs from upfront investments were absorbed by the increase in profit.

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Financial Results Presentation Materials for the Third Quarter of the Fiscal Year Ending May 2026 | Pacific Net Co.,Ltd. (3021) timely disclosure | Komori