Worth reading
61In 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
60
¥ million (year-on-year improvement in ordinary profit)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentation2026年2月期 第3四半期10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥785 million+12.0%
Operating profit¥48 million
Ordinary income¥48 million
Net income¥46 million
Selling, general and administrative expenses¥586 million
Operating profit margin6.15%、前年同期比+7.91ポイント
Results for the three months of the current quarter売上高296百万円、経常利益28百万円（グラフ記載）
Full-year earnings forecast
Net Sales
¥1,072 million
Operating profit
¥76 million
Ordinary income
¥75 million
Profit attributable to owners of the parent
¥70 million
EBITDA
¥92 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 Sales73.3
Ordinary income64
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
エンタープライズ事業セグメントは当初の業績予想水準には達しない見通しBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
大型案件のダウンセル、flier businessのMRR回復、AIStepの子会社化・連結化、M&A関連費用、のれん償却費
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- 売上原価及び販管費は5%程度の増加を見込む
- MRRは前月MRRに新規受注、アップセル・ダウンセル、解約額を加減して算出
New initiatives
- AIStepの子会社化と連結化
- 生成AI活用支援の法人向け展開
- flier成長組織ナビによる組織開発支援
- flier businessと生成AI・組織開発支援サービスのクロスセル
Key KPIsA metric the company considers important as a management benchmark.
- ARR¥9.3 hundred million
- Cumulative number of corporate customers under contract1,339 companies
- Cumulative flier members128 10,000 people
- Number of book summaries published4,200 over books
- Number of partner publishers190 companies or more
- Number of partner bookstores210 over stores
- MRR¥53 million
- Number of contracted companies637 companies
- ARPA¥85 thousand
- Net Revenue Churn Rate1.51 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Number of contracted companies637 companies
- ARPA¥85 thousand
Segment results
Enterprise Business segment
Net Sales
¥533 million+10.1%
Consumer Business segment
Net Sales
¥252 million+16.7%
Market Size / Share
HRテックSaaS市場規模は2021年588億円、2022年805億円、2023年1108億円、2024年1442億円、2025年1897億円、2026年2488億円、2027年3200億円。CAGR32.6%。市場シェアはNot disclosedNumber of stores and locations
提携書店数210店超。期中の出退店数はNot disclosedNumber of employees
53 people
As ofEnd of November 2025
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | 2026年2月期 第3四半期 |
| Net Sales | ¥785 million (YoY +12.0%) |
| Operating profit | ¥48 million |
| Ordinary income | ¥48 million |
| Net income | ¥46 million |
| Operating profit margin | 6.15%、前年同期比+7.91ポイント |
| Selling, general and administrative expenses | ¥586 million |
| Results for the three months of the current quarter | 売上高296百万円、経常利益28百万円（グラフ記載） |
| Full-year earnings forecast | Net Sales ¥1,072 million / Operating profit ¥76 million / Ordinary income ¥75 million / Profit attributable to owners of the parent ¥70 million / EBITDA ¥92 million |
| Progress against full-year forecast | Net Sales 73.3 / Ordinary income 64 |
| Self-assessment against the plan | エンタープライズ事業セグメントは当初の業績予想水準には達しない見通し |
| Segment results | Enterprise Business segment Net Sales ¥533 million (YoY +10.1%) / Profit Not disclosed / Consumer Business segment Net Sales ¥252 million (YoY +16.7%) / Profit Not disclosed |
| Breakdown of Factors Affecting the Change | 大型案件のダウンセル、flier businessのMRR回復、AIStepの子会社化・連結化、M&A関連費用、のれん償却費 |
| Key KPIs | ARR ¥9.3 hundred million, Cumulative number of corporate customers under contract 1,339 companies, Cumulative flier members 128 10,000 people, Number of book summaries published 4,200 over books, Number of partner publishers 190 companies or more, Number of partner bookstores 210 over stores, MRR ¥53 million, Number of contracted companies 637 companies, ARPA ¥85 thousand, Net Revenue Churn Rate 1.51 % |
| Unit price and quantity metrics | Number of contracted companies 637 companies, ARPA ¥85 thousand |
| Number of stores and locations | 提携書店数210店超。期中の出退店数はNot disclosed |
| Number of employees | 53 people |
| Assumptions Underlying the Business Outlook | 売上原価及び販管費は5%程度の増加を見込む, MRRは前月MRRに新規受注、アップセル・ダウンセル、解約額を加減して算出 |
| Market Size / Share | HRテックSaaS市場規模は2021年588億円、2022年805億円、2023年1108億円、2024年1442億円、2025年1897億円、2026年2488億円、2027年3200億円。CAGR32.6%。市場シェアはNot disclosed |
| New initiatives | AIStepの子会社化と連結化, 生成AI活用支援の法人向け展開, flier成長組織ナビによる組織開発支援, flier businessと生成AI・組織開発支援サービスのクロスセル |
Items this document does not state (10)
Gross Profit MarginRisk amount incorporated into the outlookMedium-term management plan targetsFinancial 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.AIStepの子会社化による連結化、エンタープライズ事業の成長、flier businessのMRR回復が増収・黒字化の主な背景。通期予想の減額要因として、子会社取得に伴うM&A関連費用やのれん償却費、大型案件のダウンセルなどが示されている。
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.