Worth reading
74In focus
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
24
Year-on-year revenue growth (%)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 Sales7,806 Millions of yen+23.5%
Operating profit1,385 Millions of yen+19.9%
Ordinary income1,382 Millions of yen+19.6%
Net income995 Millions of yen+30.9%
Operating profit margin17.8 %
Results for the three months of the current quarter
Company-wide revenue
4,073 Millions of yen
Revenue from parking sublease services
3,788 Millions of yen
Operating profit margin
16.9 %
Full-year earnings forecast
Net Sales
17,000 Millions of yen
Operating profit
3,150 Millions of yen
Ordinary income
3,140 Millions of yen
Profit attributable to owners of the parent
2,200 Millions of yen
Dividend per share
¥126
EPS
¥179.27
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 Sales45.9%
Operating profit44.0%
Ordinary income44.0%
Profit attributable to owners of parent for the quarter45.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Results exceeded the interim earnings forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change from operating profit in the same period of the previous year
Rental income1,167
Fee Income245
Other service-related items (gross profit)25
Rent paid to parking lot owners and others-957
Office rent and personnel-related costs-238
Advertising and outsourcing expenses41
Depreciation and amortization1
General expenses and other items-82
Taxes and dues-33
Operating profit of group subsidiaries61
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The productivity gains from using AI are expected to make a full contribution from the second half of FY2026. The presentation cites an economic recovery among display contractors, growing demand for CG perspectives, and offshore CG production in Vietnam as assumptions and initiatives.New initiatives
- Full-scale deployment of the AI utilization project SYNAPSE
- Expand adoption of MyRenderer, a rendering service using generative AI
- Offshore CG production in Vietnam
- Contract development of a customized system for smart-space reservations
- Promote digital transformation related to parking facilities
Key KPIsA metric the company considers important as a management benchmark.
- Number of contracted parking spaces39,886 Units
- Utilization rate at period-end93.5 %Year on year against the same period last year+0.6pt
- Sublease ARR16,104 Millions of yenYear on year against the same period last year+29.2%
- Number of guarantee service contracts26,070 Engagements
- Number of inquiries (cumulative for the quarter)228,414 Engagements
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average number of spaces contracted per person (sales representatives within 1 year of joining the company)10.09 spaces in March 2026, up from 6.54 spaces in March of the previous year
Segment results
Idle Asset Utilization business
Net Sales
7,672 Millions of yen+23.6%
Segment profit
1,369 Millions of yen+18.0%
Visualization business
Net Sales
138 Millions of yen+20.6%
Segment profit
19 Millions of yen+23.0%
Medium-term management plan targets
Target fiscal yearFiscal year ending September 2030
Net Sales
50,000 Millions of yen
Operating profit
12,500 Millions of yen
Operating profit margin
25 %
Number of contracted spaces
120,000 spaces or more
ROE
40 % or higher
Comparison with actual resultsSecond-quarter results for the fiscal year ending September 2026 were revenue of ¥7,806 million, operating profit of ¥1,385 million, and 39,886 contracted spaces
Financial targets
ROE
TargetMaintain ROE at 40% or above
Actual results34.7
Number of employees
Changes during the period and hiring planThe consolidated headcount growth rate is shown graphically, along with plans to expand the sales workforce and accelerate hiring
Annual Dividend
Annual
¥126
Interim
¥63
Payout ratio
not disclosed. Maintain DOE at 20% or above and provide progressive dividendsAcquisition of treasury shares
Implement share buybacks flexibly at appropriate times, taking capital policy and other factors into consideration| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending September 2026 |
| Net Sales | 7,806 Millions of yen (YoY +23.5%) |
| Operating profit | 1,385 Millions of yen (YoY +19.9%) |
| Ordinary income | 1,382 Millions of yen (YoY +19.6%) |
| Net income | 995 Millions of yen (YoY +30.9%) |
| Operating profit margin | 17.8 % |
| Results for the three months of the current quarter | Company-wide revenue 4,073 Millions of yen / Revenue from parking sublease services 3,788 Millions of yen / Operating profit margin 16.9 % |
| Full-year earnings forecast | Net Sales 17,000 Millions of yen / Operating profit 3,150 Millions of yen / Ordinary income 3,140 Millions of yen / Profit attributable to owners of the parent 2,200 Millions of yen / Dividend per share ¥126 / EPS ¥179.27 |
| Progress against full-year forecast | Net Sales 45.9% / Operating profit 44.0% / Ordinary income 44.0% / Profit attributable to owners of parent for the quarter 45.2% |
| Self-assessment against the plan | Results exceeded the interim earnings forecast |
| Segment results | Idle Asset Utilization business Net Sales 7,672 Millions of yen (YoY +23.6%) / Segment profit 1,369 Millions of yen (YoY +18.0%) / Visualization business Net Sales 138 Millions of yen (YoY +20.6%) / Segment profit 19 Millions of yen (YoY +23.0%) |
| Breakdown of Factors Affecting the Change | Change from operating profit in the same period of the previous year Rental income 1,167 / Fee Income 245 / Other service-related items (gross profit) 25 / Rent paid to parking lot owners and others -957 / Office rent and personnel-related costs -238 / Advertising and outsourcing expenses 41 / Depreciation and amortization 1 / General expenses and other items -82 / Taxes and dues -33 / Operating profit of group subsidiaries 61 |
| Key KPIs | Indicator name Number of contracted parking spaces / Value 39,886 Units / Year on year against the same period last year Not disclosed, Indicator name Utilization rate at period-end / Value 93.5 % / Year on year against the same period last year +0.6pt, Indicator name Sublease ARR / Value 16,104 Millions of yen / Year on year against the same period last year +29.2%, Indicator name Number of guarantee service contracts / Value 26,070 Engagements / Year on year against the same period last year Not disclosed, Indicator name Number of inquiries (cumulative for the quarter) / Value 228,414 Engagements / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Average number of spaces contracted per person (sales representatives within 1 year of joining the company) 10.09 spaces in March 2026, up from 6.54 spaces in March of the previous year |
| Number of employees | Number of Employees Not disclosed / Changes during the period and hiring plan The consolidated headcount growth rate is shown graphically, along with plans to expand the sales workforce and accelerate hiring |
| Assumptions Underlying the Business Outlook | The productivity gains from using AI are expected to make a full contribution from the second half of FY2026. The presentation cites an economic recovery among display contractors, growing demand for CG perspectives, and offshore CG production in Vietnam as assumptions and initiatives. |
| Medium-term management plan targets | Target fiscal year Fiscal year ending September 2030 / Net Sales 50,000 Millions of yen / Operating profit 12,500 Millions of yen / Operating profit margin 25 % / Number of contracted spaces 120,000 spaces or more / ROE 40 % or higher / Comparison with actual results Second-quarter results for the fiscal year ending September 2026 were revenue of ¥7,806 million, operating profit of ¥1,385 million, and 39,886 contracted spaces |
| Financial targets | ROE Target Maintain ROE at 40% or above / Actual results 34.7 |
| Annual Dividend | Annual ¥126 / Interim ¥63 / End of period Not disclosed |
| Payout ratio | not disclosed. Maintain DOE at 20% or above and provide progressive dividends |
| Acquisition of treasury shares | Implement share buybacks flexibly at appropriate times, taking capital policy and other factors into consideration |
| New initiatives | Full-scale deployment of the AI utilization project SYNAPSE, Expand adoption of MyRenderer, a rendering service using generative AI, Offshore CG production in Vietnam, Contract development of a customized system for smart-space reservations, Promote digital transformation related to parking facilities |
Items this document does not state (8)
Gross Profit MarginSelling, general and administrative expensesNumber of stores and locationsRisk amount incorporated into the outlookCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.Rental and fee income increased as the number of operating units under sublease services and the number of contracted units grew. On the earnings side, one-off costs, including office rent and personnel-related costs associated with accelerated hiring, as well as relocation costs and referral fees, were incurred.
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.