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Financial results presentation3323RECOMM CO.,LTD.Trading & Wholesale

Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending September 2026

Revenue exceeded the year-earlier period and reached a record high in the first half, while operating profit fell sharply due in part to approximately ¥120 million in one-time M&A-related expenses and came in below the first-half plan. The company left its full-year plan unchanged and indicated that it plans to make up the shortfall in the second half through its AI server order backlog and the effects of M&A, among other factors.

Worth reading
86Important
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
167
¥ million (year-on-year decrease in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationSecond quarter of the fiscal year ending September 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥6,964 million+5.2%
Operating profit¥26 million-86.5%
Net income¥22 million-85.7%
Results for the three months of the current quarter
Revenue
¥4,015 million
Adjusted operating profit
¥216 million
Adjusted profit before tax
¥179 million
Adjusted profit attributable to owners of the parent
¥179 million
Adjusted EBITDA
¥278 million
Full-year earnings forecast
Revenue
¥14,800 million
Operating profit
¥550 million
Income before taxes
¥560 million
Profit attributable to owners of the parent
¥320 million
EBITDA
¥757 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Plan not achieved
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Existing Business¥-133 million
  • Consolidation adjustments¥20 million
  • M&A effects¥79 million
  • One-time M&A expenses¥-120 million
New initiatives
  • Acquired an 80% stake in Singapore-based Lumitron and began consolidating it from the second quarter
  • Acquired a 100% stake in 岩手県のカワハラ事務機 and began consolidating it from the second quarter
  • Launched the AI agent business and began sales activities in February
  • Promoting AI utilization training for all employees and sales DX
  • Reorganized the reportable segments, consolidating the former BPR business and RDX into the DX business
Key KPIsA metric the company considers important as a management benchmark.
  • AI server order backlog15 Hundreds of millions of yen
    Year on year against the same period last yearRecord high
  • LED sales (overseas)¥1,798 million
    Year on year against the same period last year+16.1%
  • UTM sales (Japan)¥229 million
    Year on year against the same period last year+34.7%
  • MFP sales (Japan)¥350 million
    Year on year against the same period last year+17.4%
  • Equity ratio35.9 %
    Year on year against the same period last yearDown from 39.8% at the end of the previous consolidated fiscal year
Segment results
Overseas solutions business
Revenue
¥4,581 million+7.5%
Segment profit
¥214 million-9.7%
Domestic solutions business
Revenue
¥2,134 million+5.1%
Segment profit
¥162 million+118.9%
DX Business
Revenue
¥248 million-23.2%
Segment profit
¥-9 million
Consolidation adjustments
¥-340 million
Medium-term management plan targets
Target fiscal yearFiscal year ending September 2027
Revenue CAGR20% or higher
Operating profit margin10% or higher
ROE20% or higher
Financial targets
ROE
Fiscal year ended September 2025 actual3.9%
Fiscal year ending September 2026 plan6.0%
Fiscal year ending September 2027 target20% or higher
Market Size / Share
Lumitron's market share in SingaporeApproximately 5%
Orders received and order backlog
Order backlog
15 Hundreds of millions of yen
Number of stores and locations
End of period16 locations in 8 overseas countries; 21 branches, 5 sales offices, and service and support centers in Japan
Number of employees
Number of Employees467 people
As ofEnd of March 2026
Changes during the period and hiring planNew graduates: 7 overseas and 21 in Japan. 3 senior executives recruited.
Annual Dividend
Annual dividend per share¥1.2 per share
Payout ratio
30
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending September 2026
Net Sales¥6,964 million (YoY +5.2%)
Operating profit¥26 million (YoY -86.5%)
Net income¥22 million (YoY -85.7%)
Results for the three months of the current quarterRevenue ¥4,015 million / Adjusted operating profit ¥216 million / Adjusted profit before tax ¥179 million / Adjusted profit attributable to owners of the parent ¥179 million / Adjusted EBITDA ¥278 million
Full-year earnings forecastRevenue ¥14,800 million / Operating profit ¥550 million / Income before taxes ¥560 million / Profit attributable to owners of the parent ¥320 million / EBITDA ¥757 million
Self-assessment against the planPlan not achieved
Segment resultsOverseas solutions business Revenue ¥4,581 million (YoY +7.5%) / Segment profit ¥214 million (YoY -9.7%) / Domestic solutions business Revenue ¥2,134 million (YoY +5.1%) / Segment profit ¥162 million (YoY +118.9%) / DX Business Revenue ¥248 million (YoY -23.2%) / Segment profit ¥-9 million / Consolidation adjustments ¥-340 million
Breakdown of Factors Affecting the ChangeFactors Existing Business / Amount ¥-133 million, Factors Consolidation adjustments / Amount ¥20 million, Factors M&A effects / Amount ¥79 million, Factors One-time M&A expenses / Amount ¥-120 million
Key KPIsIndicator name AI server order backlog / Value 15 Hundreds of millions of yen / Year on year against the same period last year Record high, Indicator name LED sales (overseas) / Value ¥1,798 million / Year on year against the same period last year ¥16.1 million, Indicator name UTM sales (Japan) / Value ¥229 million / Year on year against the same period last year ¥34.7 million, Indicator name MFP sales (Japan) / Value ¥350 million / Year on year against the same period last year ¥17.4 million, Indicator name Equity ratio / Value 35.9 % / Year on year against the same period last year Down from 39.8% at the end of the previous consolidated fiscal year
Number of stores and locationsEnd of period 16 locations in 8 overseas countries; 21 branches, 5 sales offices, and service and support centers in Japan / Number of store openings and closures during the period Not disclosed
Number of employeesNumber of Employees 467 people / As of End of March 2026 / Changes during the period and hiring plan New graduates: 7 overseas and 21 in Japan. 3 senior executives recruited.
Medium-term management plan targetsTarget fiscal year Fiscal year ending September 2027 / Revenue CAGR 20% or higher / Operating profit margin 10% or higher / ROE 20% or higher
Financial targetsROE Fiscal year ended September 2025 actual 3.9% / Fiscal year ending September 2026 plan 6.0% / Fiscal year ending September 2027 target 20% or higher / Equity ratio Not disclosed
Annual DividendAnnual dividend per share ¥1.2 per share / Interim and Year-End Breakdown Not disclosed
Payout ratio30
Orders received and order backlogOrder backlog 15 Hundreds of millions of yen / Orders received Not disclosed
Market Size / ShareLumitron's market share in Singapore Approximately 5%
New initiativesAcquired an 80% stake in Singapore-based Lumitron and began consolidating it from the second quarter, Acquired a 100% stake in 岩手県のカワハラ事務機 and began consolidating it from the second quarter, Launched the AI agent business and began sales activities in February, Promoting AI utilization training for all employees and sales DX, Reorganized the reportable segments, consolidating the former BPR business and RDX into the DX business
Items this document does not state (11)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresKey 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.

Performance was affected by delays in AI server deliveries caused by the global semiconductor shortage, approximately ¥120 million in one-time M&A-related expenses, the postponement of deliveries for a major project in the first quarter, the end of special-demand projects in the DX business in the previous fiscal year and the resulting impact, and upfront investment in AI agent development. Overseas, the consolidation of Lumitron and strong sales at the Malaysian subsidiary contributed to higher revenue, while in Japan, increased sales of UTM and MFP products contributed to the rise.

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Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending September 2026 | RECOMM CO.,LTD. (3323) timely disclosure | Komori