Komori
Financial Results Presentation3674Aucfan Co.,Ltd.Information and Communications, Services and Others

Supplementary Explanatory Materials for the Second Quarter Financial Results for the Fiscal Year Ending September 2026

First-half net sales and gross profit exceeded the year-earlier period, driven by the expansion of D2X commerce, while cumulative operating profit and net income were in the red and declined due to growth investments and other factors. The full-year forecast remains unchanged, and standalone Q2 operating profit returned to profitability at ¥47 million.

Worth reading
61In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
47
¥ million (standalone Q2 operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportSecond quarter of the fiscal year ending September 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales2,643 Millions of yen+110.0%
Operating profit-4 Millions of yen
Ordinary income31 Millions of yen+26.0%
Net income-21 Millions of yen
Results for the three months of the current quarter
Net Sales
1,378 Millions of yen
Operating profit
47 Millions of yen
Solutions business sales
745 Millions of yen
Platform business sales
635 Millions of yen
Solutions business gross profit
253 Millions of yen
Platform business gross profit
459 Millions of yen
Full-year earnings forecast
Net Sales
5,600 Millions of yen
Gross profit
2,650 Millions of yen
Operating profit
50 Millions of yen
Ordinary income
40 Millions of yen
Net income for the current fiscal year
20 Millions of yen
Solutions business sales
2,900 Millions of yen
Platform business sales
3,000 Millions of yen
Incubation business sales
0 Millions of yen
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 Sales47%
Solutions business sales51%
Platform business sales40%
Gross profit52%
Solutions business gross profit53%
Platform business gross profit45%
Solutions business operating profit57%
Ordinary income78%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Ahead of plan in the first half
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign ExchangeHigh ¥150s
OtherTaking into account fluctuations associated with foreign exchange, inventory, and the expansion of sales channels
New initiatives
  • Concentration of management resources on D2X commerce
  • Proprietary-brand sales by in-house livestreamers on TikTok Shop
  • Automatic generation of more than 100 short videos per month using generative AI
  • Expansion of AP LAB's product categories into health and self-care
  • Expansion of KACHIKA
  • Expansion of OEM support engagements
Key KPIsA metric the company considers important as a management benchmark.
  • TikTok Shop sales valueQoQ166%
  • Proprietary-brand salesQoQ109%
  • Number of active TikTok Shop sellersMore than 50,000 stores
  • Number of creators streaming on TikTok ShopMore than 200,000 people
  • Number of TikTok Shop buyersExpanded by more than 20 times
  • Video- and livestream-driven share of gross merchandise value70 %
  • Number of registered NETSEA buyersMore than approximately 500,000 companies
Segment results
Solutions Business
Net Sales
1,473 Millions of yen+103.0%
Gross profit
528 Millions of yen+91.0%
Operating profit
333 Millions of yen+99.0%
Platform Business
Net Sales
1,198 Millions of yen+146.0%
Gross profit
869 Millions of yen+156.0%
Operating profit
-120 Millions of yen
Incubation Business
Net Sales
26 Millions of yen+11.0%
Gross profit
22 Millions of yen+15.0%
Operating profit
-30 Millions of yen
Medium-term management plan targets
FY27 salesApproximately ¥3 billion
FY28 salesApproximately ¥10 billion
Market Size / Share
China live commerce 2025 transaction volumeApproximately ¥140 trillion
China live commerce 2025 GMVCNY 641.72 billion
Live commerce share of e-commerce retail23.9%
Number of employees
163 People
As ofEnd of September 2025
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period CoveredSecond quarter of the fiscal year ending September 2026
Net Sales2,643 Millions of yen (YoY +110.0%)
Operating profit-4 Millions of yen
Ordinary income31 Millions of yen (YoY +26.0%)
Net income-21 Millions of yen
Results for the three months of the current quarterNet Sales 1,378 Millions of yen / Operating profit 47 Millions of yen / Solutions business sales 745 Millions of yen / Platform business sales 635 Millions of yen / Solutions business gross profit 253 Millions of yen / Platform business gross profit 459 Millions of yen
Full-year earnings forecastNet Sales 5,600 Millions of yen / Gross profit 2,650 Millions of yen / Operating profit 50 Millions of yen / Ordinary income 40 Millions of yen / Net income for the current fiscal year 20 Millions of yen / Solutions business sales 2,900 Millions of yen / Platform business sales 3,000 Millions of yen / Incubation business sales 0 Millions of yen
Progress against full-year forecastNet Sales 47% / Solutions business sales 51% / Platform business sales 40% / Gross profit 52% / Solutions business gross profit 53% / Platform business gross profit 45% / Solutions business operating profit 57% / Ordinary income 78%
Self-assessment against the planAhead of plan in the first half
Segment resultsSolutions Business Net Sales 1,473 Millions of yen (YoY +103.0%) / Gross profit 528 Millions of yen (YoY +91.0%) / Operating profit 333 Millions of yen (YoY +99.0%) / Platform Business Net Sales 1,198 Millions of yen (YoY +146.0%) / Gross profit 869 Millions of yen (YoY +156.0%) / Operating profit -120 Millions of yen / Incubation Business Net Sales 26 Millions of yen (YoY +11.0%) / Gross profit 22 Millions of yen (YoY +15.0%) / Operating profit -30 Millions of yen
Key KPIsIndicator TikTok Shop sales value / Value QoQ166%, Indicator Proprietary-brand sales / Value QoQ109%, Indicator Number of active TikTok Shop sellers / Value More than 50,000 stores, Indicator Number of creators streaming on TikTok Shop / Value More than 200,000 people, Indicator Number of TikTok Shop buyers / Value Expanded by more than 20 times, Indicator Video- and livestream-driven share of gross merchandise value / Value 70 %, Indicator Number of registered NETSEA buyers / Value More than approximately 500,000 companies
Number of employees163 People
Assumptions Underlying the Business OutlookForeign Exchange High ¥150s / Other Taking into account fluctuations associated with foreign exchange, inventory, and the expansion of sales channels
Medium-term management plan targetsFY27 sales Approximately ¥3 billion / FY28 sales Approximately ¥10 billion
Market Size / ShareChina live commerce 2025 transaction volume Approximately ¥140 trillion / China live commerce 2025 GMV CNY 641.72 billion / Live commerce share of e-commerce retail 23.9%
New initiativesConcentration of management resources on D2X commerce, Proprietary-brand sales by in-house livestreamers on TikTok Shop, Automatic generation of more than 100 short videos per month using generative AI, Expansion of AP LAB's product categories into health and self-care, Expansion of KACHIKA, Expansion of OEM support engagements
Items this document does not state (14)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition 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.

Sales of proprietary brands through D2X commerce drove growth. In the existing businesses, customer expansion, one-off demand, and the use of AI and cost efficiencies contributed to performance, while the continued investment for growth, the reversal of the impact from aucfan.com's price revisions, and a decline in gains on the sale of operating investment securities in the incubation business affected profit.

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.
Supplementary Explanatory Materials for the Second Quarter Financial Results for the Fiscal Year Ending September 2026 | Aucfan Co.,Ltd. (3674) timely disclosure | Komori