Worth reading
64In 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
150
¥ million (shortfall versus the revenue forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ended September 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥10,650 million+10.7%
Operating profit¥2,901 million+12.5%
Net income¥1,955 million+0.5%
Operating profit margin
rate_pct27.2
yoy_change_pt0.4
Results for the three months of the current quarterQuarterly standalone trends in segment revenue and operating profit, SaaS-related monthly revenue, research and development expenses and other items are presented. Quarterly standalone figures from the consolidated income statement: Not disclosed
Full-year earnings forecast
Fiscal year ending September 2027
Net Sales
¥12,000 million
Operating profit
¥3,100 million
Profit attributable to owners of the parent
¥2,200 million
Earnings per share
¥68.1
Dividend per share
¥22
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The earnings forecasts were not met. However, net income exceeded the forecast.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in Solution segment revenue¥817 million
- Increase in SaaS segment revenue¥217 million
- Decrease in cost of sales in the CVC business¥185 million
- Increase in personnel and subcontracting costs¥-534 million
- Increase in office-related expenses¥-178 million
- Increase in other infrastructure costs¥-137 million
- Increase in recruitment and advertising expenses¥-52 million
- Increase in R&D Expenses¥-161 million
- Other¥166 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The assumptions include revenue growth of more than 10% through the use of AI and investment in containerized liquid-cooled data centers and AI environments, while numerical assumptions for foreign exchange rates, raw material prices and other factors are Not disclosed.New initiatives
- Expansion of Fixstars Inference Cloud (shared inference environment)
- Launch and cross-selling of Fixstars Vega (AI agent environment and secure AI appliance)
- Launch of rental services for Fixstars AIStation
- New version of Fixstars Amplify and support for AIST quantum computers
- Automating the mathematical modeling of quantum-inspired computing using AI agents
- Development and release of the next-generation Fixstars AIStation
- Development of AI inference services and next-generation AI agents
Key KPIsA metric the company considers important as a management benchmark.
- Number of employees (consolidated)352 people
- Number of engineers (consolidated)458 people
- Fixstars Amplify stock-based revenue
Segment results
Quarterly trends in revenue and operating profit for the Solution and SaaS businesses are presented. Full-year segment totals: Not disclosedMedium-term management plan targets
Expansion of stock-based revenue, improvement in engineer productivity and value added per employee through the use of AI in the Solution business, and revenue growth centered on Fixstars Inference Cloud and Fixstars Vega. Numerical targets and fiscal years: Not disclosedFinancial targets
The dividend policy sets a target DOE (dividend on equity ratio) of 7%. ROE, ROIC, the D/E ratio and other metrics: Not disclosedNumber of employees
Number of Employees352 people
Change during the periodIncrease of 18 from the end of the previous fiscal year
Annual Dividend
The forecast for the fiscal year ending September 2027 is ¥22 per share. Interim and year-end breakdown: Not disclosedPayout ratio
Consolidated payout ratio of 30% and DOE of 7% as guidelines| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ended September 2026 |
| Net Sales | ¥10,650 million (YoY +10.7%) |
| Operating profit | ¥2,901 million (YoY +12.5%) |
| Net income | ¥1,955 million (YoY +0.5%) |
| Operating profit margin | rate_pct 27.2 / yoy_change_pt 0.4 |
| Results for the three months of the current quarter | Quarterly standalone trends in segment revenue and operating profit, SaaS-related monthly revenue, research and development expenses and other items are presented. Quarterly standalone figures from the consolidated income statement: Not disclosed |
| Full-year earnings forecast | Fiscal year ending September 2027 Net Sales ¥12,000 million / Operating profit ¥3,100 million / Profit attributable to owners of the parent ¥2,200 million / Earnings per share ¥68.1 / Dividend per share ¥22 |
| Self-assessment against the plan | The earnings forecasts were not met. However, net income exceeded the forecast. |
| Segment results | Quarterly trends in revenue and operating profit for the Solution and SaaS businesses are presented. Full-year segment totals: Not disclosed |
| Breakdown of Factors Affecting the Change | Factors Increase in Solution segment revenue / Amount ¥817 million, Factors Increase in SaaS segment revenue / Amount ¥217 million, Factors Decrease in cost of sales in the CVC business / Amount ¥185 million, Factors Increase in personnel and subcontracting costs / Amount ¥-534 million, Factors Increase in office-related expenses / Amount ¥-178 million, Factors Increase in other infrastructure costs / Amount ¥-137 million, Factors Increase in recruitment and advertising expenses / Amount ¥-52 million, Factors Increase in R&D Expenses / Amount ¥-161 million, Factors Other / Amount ¥166 million |
| Key KPIs | Number of employees (consolidated) 352 people, Number of engineers (consolidated) 458 people, Indicator name Fixstars Amplify stock-based revenue / value Not disclosed / yoy_pct ¥50 million |
| Number of employees | Number of Employees 352 people / Change during the period Increase of 18 from the end of the previous fiscal year |
| Assumptions Underlying the Business Outlook | The assumptions include revenue growth of more than 10% through the use of AI and investment in containerized liquid-cooled data centers and AI environments, while numerical assumptions for foreign exchange rates, raw material prices and other factors are Not disclosed. |
| Medium-term management plan targets | Expansion of stock-based revenue, improvement in engineer productivity and value added per employee through the use of AI in the Solution business, and revenue growth centered on Fixstars Inference Cloud and Fixstars Vega. Numerical targets and fiscal years: Not disclosed |
| Financial targets | The dividend policy sets a target DOE (dividend on equity ratio) of 7%. ROE, ROIC, the D/E ratio and other metrics: Not disclosed |
| Annual Dividend | The forecast for the fiscal year ending September 2027 is ¥22 per share. Interim and year-end breakdown: Not disclosed |
| Payout ratio | Consolidated payout ratio of 30% and DOE of 7% as guidelines |
| New initiatives | Expansion of Fixstars Inference Cloud (shared inference environment), Launch and cross-selling of Fixstars Vega (AI agent environment and secure AI appliance), Launch of rental services for Fixstars AIStation, New version of Fixstars Amplify and support for AIST quantum computers, Automating the mathematical modeling of quantum-inspired computing using AI agents, Development and release of the next-generation Fixstars AIStation, Development of AI inference services and next-generation AI agents |
Items this document does not state (12)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookAcquisition of treasury sharesCapital 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.Demand in the Solution business from the semiconductor, automotive and industrial equipment sectors remained solid, while revenue growth in the SaaS business slowed as priority was given to enhancing Fixstars Vega products. Investment in GPU infrastructure, fees for external AI services, personnel and outsourcing costs, and head office relocation-related expenses also increased. Net income benefited from a lower tax burden resulting from wage increases and other factors, although the reversal of the tax benefit associated with the liquidation of a subsidiary in the previous fiscal year and extraordinary losses related to the head office relocation also arose.
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.