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Financial results presentation332AMEEQ Inc.Information and Communications, Services and Others

Financial Results Presentation for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, full-year revenue and profits increased, driven by the acquisition of new customers and expanded usage by existing customers, and results exceeded the revised forecasts. For the fiscal year ending March 2027, revenue of ¥7,700 million and ordinary income of ¥1,440 million are expected.

Worth reading
55In 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
43.4
Year-on-year change in ordinary income (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ending March 2026, full year9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥7,150 million+19.7%
Operating profit¥1,296 million
Ordinary income¥1,305 million+43.4%
Net income¥879 million
Selling, general and administrative expenses
SG&A-to-sales ratio19.6%
Results for the three months of the current quarter
Net Sales
¥1,740 million
Ordinary income
¥169 million
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales
¥7,700 million
Operating profit
¥1,430 million
Ordinary income
¥1,440 million
Profit attributable to owners of the parent
¥970 million
Ordinary income margin
18.7 %
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 SalesEquivalent to 102.1% of the revised full-year consolidated forecast (2.1% above forecast)
Ordinary incomeEquivalent to 108.8% of the revised full-year consolidated forecast (8.8% above forecast)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Both revenue and ordinary income exceeded the revised full-year consolidated forecasts
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
  1. Contribution from MVNO as a Service: Forecasts were calculated incorporating the risk of delays in customer acquisition
  2. Strong IoT applications and promising areas: security and surveillance cameras, payment terminals, physical AI, robotics, and energy management
  3. Yen depreciation, higher prices, and geopolitical risks: These affect procurement prices for some equipment, but remain within expectations and their direct impact on results is limited
  4. Medium-term management plan: As the company is in the launch phase of new businesses, bringing the businesses onto a growth trajectory is being prioritized over disclosing a plan
  5. Shareholder returns: Strengthening the business foundation and growth investment are being prioritized, with implementation to be considered in the future
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Acquisition of New Customers
  • Expanded usage by existing customers
  • Temporary increase in demand for short-term LT lines
  • Measures to enhance corporate valueApproximately ¥160 million
  • Revenue deduction from a new-customer acquisition campaignApproximately ¥90 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The forecast takes into account the risk of delays in acquiring non-telecommunications operators, yen depreciation and higher prices, and geopolitical risks. Numerical assumptions: Not disclosed.
New initiatives
  • Provision of SIMs and dedicated routers for FamilyMart crane games
  • Support for official mobile services of professional baseball teams
  • Release of MEEQ Business Tools' "Device Select"
  • Expansion of MVNO as a Service offerings
  • Specific consideration of M&A and investment opportunities
  • Use of AI and operational efficiency improvements by the AI-X Section
Key KPIsA metric the company considers important as a management benchmark.
  • Cumulative number of lines excluding short-term LT717 Thousand lines
    Year on year against the same period last year+6.3%
  • Recurring revenue ratio98.9 %
  • Flow revenue ratio1.1 %
  • Operating income per employee¥16.8 million
    Year on year against the same period last year+34%
  • Number of employees77 People
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Cumulative number of lines excluding short-term LT717 Thousand lines
    Year on year against the same period last year+42 thousand lines, up 6.3%
  • Number of communications linesProvided by service
Segment results
IoT/DX Platform ServicesRevenue trends by service are presented, but no year-on-year comparison is provided
MVNE ServicesRevenue trends by service are presented, but no year-on-year comparison is provided
MVNE (Specific Customers)Revenue trends by service are presented, but no year-on-year comparison is provided
Short-Term LTRevenue trends by service are presented, but no year-on-year comparison is provided
Number of employees
Number of Employees77 People
End of periodEnd of fiscal year ending March 2026
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales¥7,150 million (YoY +19.7%)
Operating profit¥1,296 million
Ordinary income¥1,305 million (YoY +43.4%)
Net income¥879 million
Selling, general and administrative expensesvalue Not disclosed / SG&A-to-sales ratio 19.6%
Results for the three months of the current quarterNet Sales ¥1,740 million / Ordinary income ¥169 million
Full-year earnings forecastSubject Fiscal year ending March 2027 / Net Sales ¥7,700 million / Operating profit ¥1,430 million / Ordinary income ¥1,440 million / Profit attributable to owners of the parent ¥970 million / Ordinary income margin 18.7 %
Progress against full-year forecastNet Sales Equivalent to 102.1% of the revised full-year consolidated forecast (2.1% above forecast) / Ordinary income Equivalent to 108.8% of the revised full-year consolidated forecast (8.8% above forecast)
Self-assessment against the planBoth revenue and ordinary income exceeded the revised full-year consolidated forecasts
Segment resultsIoT/DX Platform Services Revenue trends by service are presented, but no year-on-year comparison is provided / MVNE Services Revenue trends by service are presented, but no year-on-year comparison is provided / MVNE (Specific Customers) Revenue trends by service are presented, but no year-on-year comparison is provided / Short-Term LT Revenue trends by service are presented, but no year-on-year comparison is provided
Breakdown of Factors Affecting the ChangeFactors Acquisition of New Customers / Amount Not disclosed, Factors Expanded usage by existing customers / Amount Not disclosed, Factors Temporary increase in demand for short-term LT lines / Amount Not disclosed, Factors Measures to enhance corporate value / Amount Approximately ¥160 million, Factors Revenue deduction from a new-customer acquisition campaign / Amount Approximately ¥90 million
Key KPIsIndicator name Cumulative number of lines excluding short-term LT / Value 717 Thousand lines / Year on year against the same period last year +6.3%, Indicator name Recurring revenue ratio / Value 98.9 % / Year on year against the same period last year Not disclosed, Indicator name Flow revenue ratio / Value 1.1 % / Year on year against the same period last year Not disclosed, Indicator name Operating income per employee / Value ¥16.8 million / Year on year against the same period last year +34%, Indicator name Number of employees / Value 77 People / Year on year against the same period last year Not disclosed
Unit price and quantity metricsIndicator name Cumulative number of lines excluding short-term LT / Value 717 Thousand lines / Year on year against the same period last year +42 thousand lines, up 6.3%, Indicator name Number of communications lines / Value Provided by service / Year on year against the same period last year Not disclosed
Number of employeesNumber of Employees 77 People / End of period End of fiscal year ending March 2026 / Changes during the period and hiring plan Not disclosed
Assumptions Underlying the Business OutlookThe forecast takes into account the risk of delays in acquiring non-telecommunications operators, yen depreciation and higher prices, and geopolitical risks. Numerical assumptions: Not disclosed.
Key points of the Q&AContribution from MVNO as a Service: Forecasts were calculated incorporating the risk of delays in customer acquisition, Strong IoT applications and promising areas: security and surveillance cameras, payment terminals, physical AI, robotics, and energy management, Yen depreciation, higher prices, and geopolitical risks: These affect procurement prices for some equipment, but remain within expectations and their direct impact on results is limited, Medium-term management plan: As the company is in the launch phase of new businesses, bringing the businesses onto a growth trajectory is being prioritized over disclosing a plan, Shareholder returns: Strengthening the business foundation and growth investment are being prioritized, with implementation to be considered in the future
New initiativesProvision of SIMs and dedicated routers for FamilyMart crane games, Support for official mobile services of professional baseball teams, Release of MEEQ Business Tools' "Device Select", Expansion of MVNO as a Service offerings, Specific consideration of M&A and investment opportunities, Use of AI and operational efficiency improvements by the AI-X Section
Items this document does not state (12)
Gross Profit MarginOperating profit marginNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share

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.

Revenue and profit growth were driven by the acquisition of new customers, expanded usage by existing customers, and a temporary increase in demand for short-term LT lines. Bandwidth sharing resulting from the expansion of the IoT business and cost management in line with revenue growth supported profit growth.

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Financial Results Presentation for the Fiscal Year Ending March 2026 | MEEQ Inc. (332A) timely disclosure | Komori