Worth reading
50Recurring
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
120
Millions of yenWording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFull fiscal year ended February 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,068 Millions of yen+12.7%
Operating profit30 Millions of yen
Ordinary income30 Millions of yen
Net income13 Millions of yen
Operating profit margin2.9 %
Selling, general and administrative expenses834 Millions of yen
Results for the three months of the current quarter
Net Sales
284 Millions of yen
Full-year earnings forecast
Net Sales
1,632 Millions of yen
Operating profit
100 Millions of yen
Ordinary income
88 Millions of yen
Net income
58 Millions of yen
EBITDA
175 Millions of yen
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 Sales99.8%
Operating profit (loss)101.7%
EBITDA101.6%
Ordinary profit or loss101.4%
Net income (loss) for the current fiscal year110.9%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Impact of M&A expenses-¥17 million
- Underlying figure excluding M&A expenses¥41 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Cost of sales and SG&A expensesAssumptionsExpected to increase to approximately 1.5 times the current level as the number of consolidated subsidiaries increases
- MRRAssumptionsAdd new orders, upsells, downsells and churn amounts to, or subtract them from, the previous month's MRR
New initiatives
- Making AIStep a subsidiary
- Making Zealox a subsidiary
- Ongoing execution of M&A
- Strengthening the talent development platform, including support for generative AI adoption and organizational development
Key KPIsA metric the company considers important as a management benchmark.
- ARR¥9.1 million
- Cumulative number of corporate customers under contract1,362 companies
- Cumulative flier members130 10,000 people
- Number of book summaries publishedMore than 4,200
- Number of partner publishersMore than 190
- Number of partner bookstoresMore than 200
- MRR54 Millions of yenYear on year against the same period last yearCAGR 28.8%
- Net Revenue Churn Rate1.45 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Number of companies contracting with the flier business623 companiesYear on year against the same period last yearDeclining trend
- ARPA¥87 thousandYear on year against the same period last yearUpward trend, CAGR 15.9%
Segment results
Enterprise Business segment
Net Sales
714 Millions of yen
Year on year against the same period last year+7.7%
Consumer Business segment
Net Sales
354 Millions of yen
Year on year against the same period last year+24.2%
Market Size / Share
- Domestic generative AI market size¥17,774 millionFiscal year2030
- 2023 domestic generative AI market size¥1,188 million
- Generative AI adoption phase among large enterprises80 %
Number of employees
Number of Employees51 People
Record dateEnd of February 2026
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Full fiscal year ended February 2026 |
| Net Sales | 1,068 Millions of yen (YoY +12.7%) |
| Operating profit | 30 Millions of yen |
| Ordinary income | 30 Millions of yen |
| Net income | 13 Millions of yen |
| Operating profit margin | 2.9 % |
| Selling, general and administrative expenses | 834 Millions of yen |
| Results for the three months of the current quarter | Net Sales 284 Millions of yen |
| Full-year earnings forecast | Net Sales 1,632 Millions of yen / Operating profit 100 Millions of yen / Ordinary income 88 Millions of yen / Net income 58 Millions of yen / EBITDA 175 Millions of yen |
| Progress against full-year forecast | Net Sales 99.8% / Operating profit (loss) 101.7% / EBITDA 101.6% / Ordinary profit or loss 101.4% / Net income (loss) for the current fiscal year 110.9% |
| Segment results | Enterprise Business segment Net Sales 714 Millions of yen / Year on year against the same period last year +7.7% / Consumer Business segment Net Sales 354 Millions of yen / Year on year against the same period last year +24.2% |
| Breakdown of Factors Affecting the Change | Factors Impact of M&A expenses / Amount -¥17 million, Factors Underlying figure excluding M&A expenses / Amount ¥41 million |
| Key KPIs | Indicator ARR / Value ¥9.1 million / Year on year against the same period last year Not disclosed, Indicator Cumulative number of corporate customers under contract / Value 1,362 companies / Year on year against the same period last year Not disclosed, Indicator Cumulative flier members / Value 130 10,000 people / Year on year against the same period last year Not disclosed, Indicator Number of book summaries published / Value More than 4,200 / Year on year against the same period last year Not disclosed, Indicator Number of partner publishers / Value More than 190 / Year on year against the same period last year Not disclosed, Indicator Number of partner bookstores / Value More than 200 / Year on year against the same period last year Not disclosed, Indicator MRR / Value 54 Millions of yen / Year on year against the same period last year CAGR 28.8%, Indicator Net Revenue Churn Rate / Value 1.45 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator Number of companies contracting with the flier business / Value 623 companies / Year on year against the same period last year Declining trend, Indicator ARPA / Value ¥87 thousand / Year on year against the same period last year Upward trend, CAGR 15.9% |
| Number of employees | Number of Employees 51 People / Record date End of February 2026 |
| Assumptions Underlying the Business Outlook | Item Cost of sales and SG&A expenses / Assumptions Expected to increase to approximately 1.5 times the current level as the number of consolidated subsidiaries increases, Item MRR / Assumptions Add new orders, upsells, downsells and churn amounts to, or subtract them from, the previous month's MRR |
| Market Size / Share | Indicator Domestic generative AI market size / Value ¥17,774 million / Fiscal year ¥2030 million, Indicator 2023 domestic generative AI market size / Value ¥1,188 million, Indicator Generative AI adoption phase among large enterprises / Value 80 % |
| New initiatives | Making AIStep a subsidiary, Making Zealox a subsidiary, Ongoing execution of M&A, Strengthening the talent development platform, including support for generative AI adoption and organizational development |
Items this document does not state (12)
Gross Profit MarginSelf-assessment against the planNumber of stores and locationsRisk 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.The factors cited were growth in the Enterprise Business segment, the consolidation effect in the Consumer Business from making AIStep a subsidiary, and one-time expenses associated with M&A. MRR for the flier business struggled to grow in the first half due to downsells on large accounts and other factors, but was said to have entered a recovery trend by the end of the 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.