Worth reading
53Recurring
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
66.8
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings briefing transcriptFull fiscal year ended February 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,197 million-4.9%
Operating profit¥71 million-66.8%
Ordinary income¥74 million-62.5%
Net income¥48 million-63.0%
Gross Profit Margin
Rate48.3%
Year-on-year change (points)Down 5.1 percentage points
Operating profit margin
Rate3.3%
Year-on-year change (points)Down 6.1 percentage points
Results for the three months of the current quarterQuarterly figures for initial development revenue and monthly revenue are presented in a graph. Standalone three-month income statement figures for the quarter are not disclosed.
Full-year earnings forecast
Net Sales
¥3,113 million
Operating profit
¥412 million
Ordinary income
¥415 million
Net income for the current fiscal year
¥275 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 Sales88.2%
Operating profit28.6%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Solution-based initial revenue¥-72 million
- Solution-based monthly revenue¥-15 million
- SaaS-based initial revenue¥-186 million
- SaaS-based monthly revenue¥162 million
- Change in revenue in operating profit¥-112 million
- Change in cost of sales in operating profit¥-59 million
- Change in SG&A expenses in operating profit¥28 million
New initiatives
- Launch of the shared-use sales function, the Light plan, and selection of the initial adopting companies
- Launch of the commercial service for the tourism content distribution platform "value connect"
- Gradual transition away from dependence on outsourcing toward in-house development centered on the company's own engineers
- Expansion and enhancement of the functions of the full-spec web connect
Key KPIsA metric the company considers important as a management benchmark.
- SaaS-based monthly revenue¥762 millionYear on year against the same period last yearUp 27.0% year on year
- Monthly revenue ratio56 %
- Development track record with the 10 largest travel companies8/10 companies
- Equity ratio92.3 %
Segment results
- Solution-basedNet Sales¥753 million (YoY -10.5%)
- SaaS-basedNet Sales¥1,444 million (YoY -1.7%)
- Solution-based: InitialNet Sales¥293 million (YoY -19.8%)
- Solution-based: MonthlyNet Sales¥459 million (YoY -3.2%)
- SaaS-based: InitialNet Sales¥681 million (YoY -21.5%)
- SaaS-based: MonthlyNet Sales¥762 million (YoY +27.0%)
Medium-term management plan targets
Establish a position as a marketplace in the travel and tourism industry over the 3-year period from the fiscal year ended February 2025 through the fiscal year ending February 2027. Numerical targets are not disclosed.Market Size / Share
Development track record with 8 of the 10 travel companies ranked highest by revenue (80%). The market size in monetary terms is not disclosed.Number of employees
Number of Employees140 People
Record date28 February 2026
Changes during the period and hiring planGraduate hiring for the fiscal year ending February 2027 is 6 people. Career hiring for the fiscal year ended February 2026 was 8 people, and graduate hiring was 3 people.
| Item | Details |
|---|---|
| Document type | Earnings briefing transcript |
| Fiscal Period Covered | Full fiscal year ended February 2026 |
| Net Sales | ¥2,197 million (YoY -4.9%) |
| Operating profit | ¥71 million (YoY -66.8%) |
| Ordinary income | ¥74 million (YoY -62.5%) |
| Net income | ¥48 million (YoY -63.0%) |
| Gross Profit Margin | Rate 48.3% / Year-on-year change (points) Down 5.1 percentage points |
| Operating profit margin | Rate 3.3% / Year-on-year change (points) Down 6.1 percentage points |
| Results for the three months of the current quarter | Quarterly figures for initial development revenue and monthly revenue are presented in a graph. Standalone three-month income statement figures for the quarter are not disclosed. |
| Full-year earnings forecast | Net Sales ¥3,113 million / Operating profit ¥412 million / Ordinary income ¥415 million / Net income for the current fiscal year ¥275 million |
| Progress against full-year forecast | Net Sales 88.2% / Operating profit 28.6% |
| Segment results | Category Solution-based / Net Sales ¥753 million (YoY -10.5%) / Profit Not disclosed, Category SaaS-based / Net Sales ¥1,444 million (YoY -1.7%) / Profit Not disclosed, Category Solution-based: Initial / Net Sales ¥293 million (YoY -19.8%) / Profit Not disclosed, Category Solution-based: Monthly / Net Sales ¥459 million (YoY -3.2%) / Profit Not disclosed, Category SaaS-based: Initial / Net Sales ¥681 million (YoY -21.5%) / Profit Not disclosed, Category SaaS-based: Monthly / Net Sales ¥762 million (YoY +27.0%) / Profit Not disclosed |
| Breakdown of Factors Affecting the Change | Item Solution-based initial revenue / Amount ¥-72 million, Item Solution-based monthly revenue / Amount ¥-15 million, Item SaaS-based initial revenue / Amount ¥-186 million, Item SaaS-based monthly revenue / Amount ¥162 million, Item Change in revenue in operating profit / Amount ¥-112 million, Item Change in cost of sales in operating profit / Amount ¥-59 million, Item Change in SG&A expenses in operating profit / Amount ¥28 million |
| Key KPIs | Indicator name SaaS-based monthly revenue / Value ¥762 million / Year on year against the same period last year Up 27.0% year on year, Indicator name Monthly revenue ratio / Value 56 % / Year on year against the same period last year Not disclosed, Indicator name Development track record with the 10 largest travel companies / Value 8/10 companies, Indicator name Equity ratio / Value 92.3 % / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 140 People / Record date 28 February 2026 / Changes during the period and hiring plan Graduate hiring for the fiscal year ending February 2027 is 6 people. Career hiring for the fiscal year ended February 2026 was 8 people, and graduate hiring was 3 people. |
| Medium-term management plan targets | Establish a position as a marketplace in the travel and tourism industry over the 3-year period from the fiscal year ended February 2025 through the fiscal year ending February 2027. Numerical targets are not disclosed. |
| Market Size / Share | Development track record with 8 of the 10 travel companies ranked highest by revenue (80%). The market size in monetary terms is not disclosed. |
| New initiatives | Launch of the shared-use sales function, the Light plan, and selection of the initial adopting companies, Launch of the commercial service for the tourism content distribution platform "value connect", Gradual transition away from dependence on outsourcing toward in-house development centered on the company's own engineers, Expansion and enhancement of the functions of the full-spec web connect |
Items this document does not state (13)
Selling, general and administrative expensesSelf-assessment against the planUnit price and quantity metricsNumber 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.Following discussions with the audit firm, the timing of revenue recognition for certain large projects was changed from the current fiscal year to when the projects are accepted by customers, shifting revenue and profit scheduled for the current fiscal year into the following fiscal year. In addition, advance costs for expanding the development structure in preparation for large projects and for product development were recognized in the current fiscal year.
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.