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
56.9
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Results presentationThird quarter of the fiscal year ending December 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥15,926 million+14.5%
Operating profit¥2,925 million+56.9%
Ordinary income¥3,043 million+59.1%
Net income¥2,226 million+57.3%
Gross Profit Margin49.3 %
Operating profit margin18.4 %
Selling, general and administrative expenses¥4,930 million
Full-year earnings forecast
Net Sales
¥22,300 million
Operating profit
¥3,900 million
Operating profit margin
17.5 %
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 Sales71.4
Operating profit75
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Steady progress, with solid performance continuing after the upward revisionBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in revenue¥2,021 million
- Increase in cost of sales¥623 million
- Increase in selling, general and administrative expenses¥337 million
New initiatives
- New Soliton OneGate features: Windows sign-in using digital certificates and facial recognition when not connected to a network, and passwordless authentication
- Technology collaboration with domestic IT manufacturers, including integration with AT-RADgate, ADMS and ALog
- Expansion of contracts for the Soliton OneGate PKI Plan for EPS and proposals for higher-tier plans
- Development toward the production of prototypes for an analog edge AI chip
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative contracted licenses for the Soliton OneGate PKI Plan for EPS250,000 Licensing
- Number of reported personal data breaches and other incidents830 cases preliminary figure as of 16 OctoberYear on year against the same period last yearUp from 303 cases in September
- Percentage of those intending to strengthen or review multi-factor authentication who prioritize operational usability59 %
- Percentage of companies that are beginning to be required by trading conditions or business partners to implement security measures64.3 %
Segment results
- IT SecurityNet Sales¥15,033 million (YoY +14.6%)Segment profit¥3,762 million (YoY +48.7%)
- Video CommunicationsNet Sales¥762 million (YoY +19.6%)Segment loss¥-183 million
- Eco New Business DevelopmentNet Sales¥130 million (YoY -14.7%)Segment loss¥-212 million
Medium-term management plan targets
FY26
Net Sales¥21.2 billion
Operating profit¥3.1 billion
Operating profit margin14.8%
FY27
Net Sales¥22.3 billion
Operating profit¥3.9 billion
Operating profit margin17.5%
FY28
Net Sales¥24.5 billion
Operating profit¥5 billion
Operating profit margin20.4%
Comparison with actual resultsExpected to achieve the FY27 target one year ahead of schedule. The FY26 forecast calls for net sales of ¥22.3 billion, operating profit of ¥3.9 billion and an operating margin of 17.5%.
Market Size / Share
Domestic market share No. 1 in the RADIUS appliance market for more than 20 consecutive yearsNumber of employees
Number of Employees655 people as of 31 December 2025, consolidated
Annual Dividend
Annual¥72
Interim¥30
End of period¥42 (予定)
Payout ratio
A consolidated payout ratio of approximately 50% is the guideline. A consolidated dividend-on-equity ratio of approximately 8.0% is also a guideline.| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending December 2026 |
| Net Sales | ¥15,926 million (YoY +14.5%) |
| Operating profit | ¥2,925 million (YoY +56.9%) |
| Ordinary income | ¥3,043 million (YoY +59.1%) |
| Net income | ¥2,226 million (YoY +57.3%) |
| Gross Profit Margin | 49.3 % |
| Operating profit margin | 18.4 % |
| Selling, general and administrative expenses | ¥4,930 million |
| Full-year earnings forecast | Net Sales ¥22,300 million / Operating profit ¥3,900 million / Operating profit margin 17.5 % / Ordinary income Not disclosed / Net income Not disclosed |
| Progress against full-year forecast | Net Sales 71.4 / Operating profit 75 |
| Self-assessment against the plan | Steady progress, with solid performance continuing after the upward revision |
| Segment results | Segment IT Security / Net Sales ¥15,033 million (YoY +14.6%) / Segment profit ¥3,762 million (YoY +48.7%), Segment Video Communications / Net Sales ¥762 million (YoY +19.6%) / Segment loss ¥-183 million, Segment Eco New Business Development / Net Sales ¥130 million (YoY -14.7%) / Segment loss ¥-212 million |
| Breakdown of Factors Affecting the Change | Factors Increase in revenue / Amount ¥2,021 million, Factors Increase in cost of sales / Amount ¥623 million, Factors Increase in selling, general and administrative expenses / Amount ¥337 million |
| Key KPIs | Indicator name Cumulative contracted licenses for the Soliton OneGate PKI Plan for EPS / Value 250,000 Licensing / Year on year against the same period last year Not disclosed, Indicator name Number of reported personal data breaches and other incidents / Value 830 cases (preliminary figure as of 16 October) / Year on year against the same period last year Up from 303 cases in September, Indicator name Percentage of those intending to strengthen or review multi-factor authentication who prioritize operational usability / Value 59 % / Year on year against the same period last year Not disclosed, Indicator name Percentage of companies that are beginning to be required by trading conditions or business partners to implement security measures / Value 64.3 % / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 655 people (as of 31 December 2025, consolidated) / Change during the period Not disclosed / Hiring plan Not disclosed |
| Medium-term management plan targets | FY26 Net Sales ¥21.2 billion / Operating profit ¥3.1 billion / Operating profit margin 14.8% / FY27 Net Sales ¥22.3 billion / Operating profit ¥3.9 billion / Operating profit margin 17.5% / FY28 Net Sales ¥24.5 billion / Operating profit ¥5 billion / Operating profit margin 20.4% / Comparison with actual results Expected to achieve the FY27 target one year ahead of schedule. The FY26 forecast calls for net sales of ¥22.3 billion, operating profit of ¥3.9 billion and an operating margin of 17.5%. |
| Annual Dividend | Annual ¥72 / Interim ¥30 / End of period ¥42 (予定) |
| Payout ratio | A consolidated payout ratio of approximately 50% is the guideline. A consolidated dividend-on-equity ratio of approximately 8.0% is also a guideline. |
| Market Size / Share | Domestic market share No. 1 in the RADIUS appliance market for more than 20 consecutive years |
| New initiatives | New Soliton OneGate features: Windows sign-in using digital certificates and facial recognition when not connected to a network, and passwordless authentication, Technology collaboration with domestic IT manufacturers, including integration with AT-RADgate, ADMS and ALog, Expansion of contracts for the Soliton OneGate PKI Plan for EPS and proposals for higher-tier plans, Development toward the production of prototypes for an analog edge AI chip |
Items this document does not state (10)
Results for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial 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.Sales of in-house products and services in the IT security business remained strong, while the company also captured demand for renewals of its core products. Expanded sales of the higher-margin in-house products and services improved profitability, and the revenue increase and improved profitability led to higher operating profit.
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.