Contents of this document
Earnings presentation materialsFY2027/3 Q28 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,770 million+9.2%
Operating profit¥782 million+17.7%
Ordinary income¥792 million+18.6%
Net income¥520 million +20.3%net profit attributable to owners of the parent
Gross Profit Margin39 %
Operating profit margin20.8 %
Selling, general and administrative expenses¥330 million
Results for the three months of the current quarter
Net Sales
¥1,906 million+9.4%
Operating profit
¥401 million+19.5%
Ordinary income
¥407 million+20.2%
Net income
¥273 million +25.8%profit attributable to owners of the parent
Full-year earnings forecast
Net Sales
¥7,700 million
Operating profit
¥1,430 million
Ordinary income
¥1,440 million
Net income
¥970 million net profit attributable to owners of the parent
Ordinary income margin
18.7 %
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
One-off impact¥1.7 100 million fiscal year ending March 2026
New initiatives
- IoT/DX platform service support for Rakuten Mobile's network (support for 4 domestic carriers)
- Launch of eSIM services on SoftBank's network for the MVNE service, with support for 3 carriers
- Equity investment in 株式会社レグミン
- Inorganic growth, including the acquisition of another company's MVNO business and migration of its equipment, M&A, and small-scale investments
- Company-wide rollout of general-purpose AI agents
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative line count (excluding short-term LT)744 Thousand lines+9.3%
- IoT/DX platform service line count377 Thousand lines+22.0%
- MVNE service line count367 Thousand lines-1.2%
- Operating income per employee¥16.8 million +34.4%as of the end of the fiscal year ending March 2026
- Recurring revenue ratio98.9 %
Segment results
- IoT/DX Platform ServicesNet Sales¥1,155 millionYear-on-year revenue growth19.7
- MVNE ServicesNet Sales¥2,177 millionYear-on-year revenue growth2.5
Medium-term management plan targets
Four-year CAGR of ordinary income20 %
Target periodA 4-year period beginning with the fiscal year of listing (fiscal year ending March 2025)
Market Size / Share
Number of MVNO service providers
End of June 20261,319 companies
Primary MVNOs
End of June 2026747 companies
Tier-2 and later MVNOs
End of June 2026572 companies
Number of employees
Number of Employees77 people
As ofFiscal year ended March 2026
Acquisition of treasury shares
ActivityAn off-auction purchase of treasury shares conducted on 13 August 2026
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | FY2027/3 Q2 |
| Net Sales | ¥3,770 million (YoY +9.2%) |
| Operating profit | ¥782 million (YoY +17.7%) |
| Ordinary income | ¥792 million (YoY +18.6%) |
| Net income | ¥520 million (net profit attributable to owners of the parent) (YoY +20.3%) |
| Gross Profit Margin | 39 % |
| Operating profit margin | 20.8 % |
| Selling, general and administrative expenses | ¥330 million |
| Results for the three months of the current quarter | Net Sales ¥1,906 million (YoY +9.4%) / Operating profit ¥401 million (YoY +19.5%) / Ordinary income ¥407 million (YoY +20.2%) / Net income ¥273 million (profit attributable to owners of the parent) (YoY +25.8%) |
| Full-year earnings forecast | Net Sales ¥7,700 million / Operating profit ¥1,430 million / Ordinary income ¥1,440 million / Net income ¥970 million (net profit attributable to owners of the parent) / Ordinary income margin 18.7 % |
| Segment results | Segment IoT/DX Platform Services / Net Sales ¥1,155 million / Year-on-year revenue growth 19.7, Segment MVNE Services / Net Sales ¥2,177 million / Year-on-year revenue growth 2.5 |
| Key KPIs | 744 Thousand lines (YoY +9.3%), 377 Thousand lines (YoY +22.0%), 367 Thousand lines (YoY -1.2%), ¥16.8 million (as of the end of the fiscal year ending March 2026) (YoY +34.4%), 98.9 % |
| Number of employees | Number of Employees 77 people / As of Fiscal year ended March 2026 |
| Assumptions Underlying the Business Outlook | One-off impact ¥1.7 100 million (fiscal year ending March 2026) |
| Medium-term management plan targets | Four-year CAGR of ordinary income 20 % / Target period A 4-year period beginning with the fiscal year of listing (fiscal year ending March 2025) |
| Acquisition of treasury shares | Activity An off-auction purchase of treasury shares conducted on 13 August 2026 / Amount Not disclosed / Number of Shares Not disclosed / Period Not disclosed |
| Market Size / Share | Number of MVNO service providers End of June 2026 1,319 companies / Primary MVNOs End of June 2026 747 companies / Tier-2 and later MVNOs End of June 2026 572 companies |
| New initiatives | IoT/DX platform service support for Rakuten Mobile's network (support for 4 domestic carriers), Launch of eSIM services on SoftBank's network for the MVNE service, with support for 3 carriers, Equity investment in 株式会社レグミン, Inorganic growth, including the acquisition of another company's MVNO business and migration of its equipment, M&A, and small-scale investments, Company-wide rollout of general-purpose AI agents |
Items this document does not state (12)
Progress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioCapital 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.