Komori
Earnings presentation336ADynamic Map Platform Co.,Ltd.Information and Communications, Services and Others

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027

Revenue was broadly unchanged year on year, while license-based revenue increased 36%. The deficit in operating profit and adjusted EBITDA widened due to lower project-based revenue and the reaction to the completion of North American projects in the previous year. The full-year forecast remains unchanged, and the Company aims to achieve full-year profitability in adjusted EBITDA through the recognition of project revenue and accumulation of license revenue in the second half.

Worth reading
77Important
Scored from 4 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
497
¥ million (year-on-year deterioration in adjusted EBITDA)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,457 million
Operating profit¥-1,761 million
Ordinary income¥-1,709 million
Net income¥-1,723 million net income attributable to owners of the parent
Selling, general and administrative expenses¥1,342 million
Full-year earnings forecast
Net Sales
¥7,000 million
License-based revenue
¥3,000 million
Project-based revenue
¥4,000 million
Adjusted EBITDA
¥50 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in license-based revenue+¥338 million
  • Decrease in project-based revenue−¥332 million
  • Increase in cost of sales+¥633 million
  • Decrease in selling, general and administrative expenses-¥8 million
  • Decline in R&D expenditure-¥161 million
  • Increase in depreciation expense+¥156 million
  • Decline in government grant income-¥38 million
  • Decrease in M&A-related expenses-¥8 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Pipeline amounts from FY26 onward are calculated using an exchange rate of ¥145 per dollar.
New initiatives
  • Strengthening development of AI-native data and products
  • Development of a Simulation-ready World through collaboration with dSPACE AURELION
  • Demonstration of automated transfer transport within logistics facilities
  • Development and validation of receiving environments and operating models for logistics facilities and mobility hubs
  • Demonstration toward the social implementation of automated logistics roads
  • Continued consideration of roll-up M&A involving surveying companies and M&A in downstream areas
Key KPIsA metric the company considers important as a management benchmark.
  • Number of countries entered26 countries
  • High-precision 3D data coverage1,800,000 km
  • Data coverage6 companies/39 vehicle models
  • Cumulative downloads of AI-native data4,500 over downloads
  • Number of employees251 people
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Mass-production licenses are calculated as unit price × quantity (number of units). The unit price is fixed, while the quantity is estimated based on customer interviews. Actual unit prices and quantities are not disclosed.
Segment results
  • Domestic revenue¥330 million
  • Overseas Sales¥2,126 million
  • Project-based net sales¥1,174 million
  • License-based net sales¥1,282 million
Market Size / Share
Physical AI market
82,791 US$ million future market size shown in the chart
Market Growth Rate
30 % compound annual growth rate over the next 10 years
Orders received and order backlog
Order backlog
¥37.6 hundred million revenue scheduled for the current period
Pipeline
¥13.4 hundred million portion scheduled for revenue recognition in the current period
Number of stores and locations
Locations are in Japan, the United States, Germany, Saudi Arabia, the United Arab Emirates and South Korea. The number of store openings and closures during the period is not disclosed.
Number of employees
251 people as of November 2026, including temporary staff
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥2,457 million
Operating profit¥-1,761 million
Ordinary income¥-1,709 million
Net income¥-1,723 million (net income attributable to owners of the parent)
Selling, general and administrative expenses¥1,342 million
Full-year earnings forecastNet Sales ¥7,000 million / License-based revenue ¥3,000 million / Project-based revenue ¥4,000 million / Adjusted EBITDA ¥50 million
Segment resultsDomestic revenue ¥330 million, Overseas Sales ¥2,126 million, Project-based net sales ¥1,174 million, License-based net sales ¥1,282 million
Breakdown of Factors Affecting the ChangeFactors Increase in license-based revenue / Amount +¥338 million, Factors Decrease in project-based revenue / Amount −¥332 million, Factors Increase in cost of sales / Amount +¥633 million, Factors Decrease in selling, general and administrative expenses / Amount -¥8 million, Factors Decline in R&D expenditure / Amount -¥161 million, Factors Increase in depreciation expense / Amount +¥156 million, Factors Decline in government grant income / Amount -¥38 million, Factors Decrease in M&A-related expenses / Amount -¥8 million
Key KPIsIndicator name Number of countries entered / Value 26 countries / Year on year against the same period last year Not disclosed, Indicator name High-precision 3D data coverage / Value 1,800,000 km / Year on year against the same period last year Not disclosed, Indicator name Data coverage / Value 6 companies/39 vehicle models / Year on year against the same period last year Not disclosed, Indicator name Cumulative downloads of AI-native data / Value 4,500 over downloads / Year on year against the same period last year Not disclosed, Indicator name Number of employees / Value 251 people / Year on year against the same period last year Not disclosed
Unit price and quantity metricsMass-production licenses are calculated as unit price × quantity (number of units). The unit price is fixed, while the quantity is estimated based on customer interviews. Actual unit prices and quantities are not disclosed.
Number of stores and locationsLocations are in Japan, the United States, Germany, Saudi Arabia, the United Arab Emirates and South Korea. The number of store openings and closures during the period is not disclosed.
Number of employees251 people (as of November 2026, including temporary staff)
Assumptions Underlying the Business OutlookPipeline amounts from FY26 onward are calculated using an exchange rate of ¥145 per dollar.
Orders received and order backlogOrder backlog ¥37.6 hundred million (revenue scheduled for the current period) / Pipeline ¥13.4 hundred million (portion scheduled for revenue recognition in the current period)
Market Size / SharePhysical AI market 82,791 US$ million (future market size shown in the chart) / Market Growth Rate 30 % (compound annual growth rate over the next 10 years)
New initiativesStrengthening development of AI-native data and products, Development of a Simulation-ready World through collaboration with dSPACE AURELION, Demonstration of automated transfer transport within logistics facilities, Development and validation of receiving environments and operating models for logistics facilities and mobility hubs, Demonstration toward the social implementation of automated logistics roads, Continued consideration of roll-up M&A involving surveying companies and M&A in downstream areas
Items this document does not state (13)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition 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.

License-based revenue expanded, mainly through corporate license projects. However, adjusted EBITDA fell below the previous year's level due to the reaction to the completion of project-based revenue and profit contributions from a new data-preparation project in North America.

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