Worth reading
57In 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
39
¥ million (year-on-year improvement in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥662 million-7.0%
Operating profit¥-11 million
Net income¥-19 million
Results for the three months of the current quarter
Cost reductions
¥88.5 million
Year-on-year improvement in operating profit
¥39 million
Full-year earnings forecast
Net Sales
¥3,040 million
Operating profit
¥5 million
Net income for the current fiscal year
¥-51 million
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 Sales21.8
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Total cost reductions¥88.5 million
- Benefits from Initiatives ①–③¥78.9 million
- Year-on-year decrease in depreciation and amortization, including amortization of goodwill¥18 million
New initiatives
- Addition of Shinkansen and limited express timetables for foreign visitors to Japan in 10 languages
- Addition of multilingual articles on limited express and sightseeing trains
- Checking vehicle availability and requesting quotations for airport transfer chauffeur services through coordination with AP World
- Railway memories posting campaign
- Dividend policy of at least 3% DOE
- Introduction of a Shareholder Benefit Program
Key KPIsA metric the company considers important as a management benchmark.
- Site UU13,902 thousand+35.4%
- Site PV68,091 thousand
- Monthly users of Ekitan.com1,000 10,000 people or more
- Recurring revenue ratio87 %
- Service retention rate95 %
Medium-term management plan targets
- Target30% expansion in domestic media revenue in 3 yearsTarget fiscal yearIn 3 years
- Target20% expansion in recurring revenueTarget fiscal yearIn 3 years
- TargetRecurring revenue ratio of 87%Target fiscal yearIn 3 years
Market Size / Share
- Tourism consumption in 2024¥81,257 hundred million
- Forecast number of visitors to Japan in 20307,308 10,000 people
Annual Dividend
Breakdown
End of period¥8
Payout ratio
DOE3 % or higher
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥662 million (YoY -7.0%) |
| Operating profit | ¥-11 million |
| Net income | ¥-19 million |
| Results for the three months of the current quarter | Cost reductions ¥88.5 million / Year-on-year improvement in operating profit ¥39 million |
| Full-year earnings forecast | Net Sales ¥3,040 million / Operating profit ¥5 million / Net income for the current fiscal year ¥-51 million |
| Progress against full-year forecast | Net Sales 21.8 |
| Breakdown of Factors Affecting the Change | Total cost reductions ¥88.5 million, Benefits from Initiatives ①–③ ¥78.9 million, Year-on-year decrease in depreciation and amortization, including amortization of goodwill ¥18 million |
| Key KPIs | Site UU 13,902 thousand (YoY +35.4%), Site PV 68,091 thousand, Monthly users of Ekitan.com 1,000 10,000 people or more, Recurring revenue ratio 87 %, Service retention rate 95 % |
| Medium-term management plan targets | Target 30% expansion in domestic media revenue in 3 years / Target fiscal year In 3 years, Target 20% expansion in recurring revenue / Target fiscal year In 3 years, Target Recurring revenue ratio of 87% / Target fiscal year In 3 years |
| Annual Dividend | Annual dividend per share Not disclosed / Breakdown End of period ¥8 |
| Payout ratio | DOE 3 % or higher |
| Market Size / Share | Tourism consumption in 2024 ¥81,257 hundred million, Forecast number of visitors to Japan in 2030 7,308 10,000 people |
| New initiatives | Addition of Shinkansen and limited express timetables for foreign visitors to Japan in 10 languages, Addition of multilingual articles on limited express and sightseeing trains, Checking vehicle availability and requesting quotations for airport transfer chauffeur services through coordination with AP World, Railway memories posting campaign, Dividend policy of at least 3% DOE, Introduction of a Shareholder Benefit Program |
Items this document does not state (16)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital 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.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The main factors behind the decline in revenue were the end of transactions with a major low-profitability customer at the subsidiary プラウドエンジン, a reduction in headcount and the end of a major prime contractor project at 駅探I&I, and a decline in the number of paying subscribers as route-planning services became commoditized. Operating profit improved through reductions in personnel expenses, commissioned work and outsourcing costs, and the in-house execution of operations.
How to read this page
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